Treasury doesn’t want former Fannie CFO in GSE investor lawsuit

Tim Pagliara, Investors Unite Executive Director and CapWealth Advisors Chairman and CEO Tim Howard, Former Chief Financial Officer and Vice Chairman of the Board of Fannie. Treasury secretary is.

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#FANNIEGATE Roaring August 1, 2012, a Treasury official emphasized that . These previously withheld internal agency communications directly contradict the sworn declaration of former Treasury and FHFA official . Mario Ugoletti, who stated on December 17, 2013, under penalty of perjury that: “These changes in structure did not change the underlying economics of

As a GSE investor, tax reform would. are led to believe that this was after Treasury’s Mnuchin met with FHFA’s Melvin Watt. Now, I can appreciate Mnuchin’s priority is tax reform and that maybe he.

I’m not here to debate whether or not JPM’s employees misled investors, including Fannie. do with the lawsuit. I am extremely disappointed in the way the Administration has handled this case and.

When Bruce Berkowitz’s Fairholme Funds brought in former Fannie Mae CFO Tim. The pending lawsuit involves a group of GSE investors, who want the mortgage giants to pay the shareholder profits.

 · Fannie and Freddie shares surged this week as investors zeroed in on a handful of documents that they believe prove the government acted illegally in instituting the net worth sweep.

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Seller here is Fannie, acting through FHFA as Fannie’s conservator. Purchaser is Treasury. Treasury clearly thought the FHFA could release Fannie and did not want the FHFA to terminate. read the.

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About Investors Unite: Formed by Tennessee investor and CapWealth Advisors Chairman and CEO, Tim Pagliara, Investors Unite (investorsunite.org) is a coalition of over 1,400 private investors from all walks of life, committed to the preservation of shareholder rights for all invested in Fannie Mae and Freddie Mac. The coalition works to educate shareholders and lawmakers on the importance of adopting GSE.

Investors in the GSEs want the mortgage giants to pay shareholder profits it owes, but the GSEs are not doing that as part of the bailout agreement with the federal government. After Fannie Mae and Freddie Mac were bailed out during the financial crisis and placed into conservatorship, all profits were directed back to the U.S. Treasury.