8th Circ. OKs FHFA's Fannie And Freddie 'Net Worth Sweeps'

By RJ Vogt ( August 23, 2018, 8:32 PM EDT) -- An Eighth Circuit panel said Thursday that Fannie Mae and Freddie Mac shareholders can't block the Federal Housing Finance Agency's agreement to pay the Treasury Department a quarterly "net worth sweep" of the mortgage duo's profits, siding with other courts that have found the FHFA is within its authority. . . .

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