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Tag Archives: Lawsuits

FHFA to Sub as Plaintiff for Fannie Mae Shareholders

The Federal Housing Finance Agency has taken over for Fannie Mae shareholders as the plaintiff in a lawsuit against accounting firm Deloitte & Touche accusing the company of negligent auditing practices that resulted in millions of dollars in losses to the shareholders.

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New Ruling Gives GSE Investors Hope

The sweeping of GSE profits into Treasury has prompted nearly two dozen lawsuits from investors who claim the sweep is illegal. While some courts have ruled against investors in the last few months, they received a favorable ruling this week from the U.S. Court of Federal Claims.

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