New Suit "Injects Vigor" into GSE Conservatorship Challenges

Hot news from AZ Home Help:

Posted To: MND NewsWire

An unsigned article in the National Law Review takes another look at the Federal Housing Finance Agency (FHFA)/Treasury Department handling of the conservatorship of Fannie Mae and Freddie Mac (the GSEs) and the law suits that have challenged that handling. The article is prompted by a new suit filed by what appears to be a family of investors from Iowa which takes a different tack from suits filed earlier which, while they have not failed, have hit rough sledding in federal courts. To revisit history, in 2008 the GSEs, hit by the collapse of the housing market, falling home prices, increasing defaults, and the unwillingness of investors to purchase their mortgage-backed securities, were placed in conservatorship authority of the Housing and Economic Recovery Act (HERA). The newly created FHFA...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Source: http://www.mortgagenewsdaily.com/06302015_gse_conservatorship.asp

- For more real estate news visit our website at http://www.AzHomeHelp.com