Supreme Court limits Fannie Mae’s ability to take cases to federal court
In a unanimous opinion handed down Wednesday, the Supreme Court limitedFannie Mae’s ability to transfer cases to federal court, ruling that the government-sponsored enterprise’s charter does not grant it the right to move all state cases to the federal level. The...No privilege for feds’ memos on Fannie Mae: Judge ordered gov’t to turn over documents
(CN) — A federal judge has ordered the government to turn over documents related to its decision to permanently divert billions of Fannie Mae and Freddie Mac profits from investors to the U.S. Treasury following their $188 billion bailout in 2008. Fairholme Funds is...Miami investors win access to secret documents in Fannie Mae fight
A federal judge on Tuesday ordered the U.S. Treasury Department to release more than 50 documents it tried to keep secret in a lawsuit over government-backed mortgage giants Freddie Mac and Fannie Mae. The plaintiff is Miami-based mutual fund Fairholme Fund, which...free fraud analysis
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