Fannie-Freddie Investors Fight on in Court of Claims
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Fannie Mae and Freddie Mac investors are turning their focus to an appeal and multiple pending lawsuits after a federal judge rejected their bid for a share of the companies’ profits.
The appeal of the U.S. district court order on Sept. 30 in Washington, affirming the U.S. Treasury’s right to earnings of the bailed out mortgage giants, stands little chance of winning, according to five legal scholars. They disagree on the prospects for similar cases before the nearby Court of Federal Claims, where Judge Margaret Sweeney has allowed plaintiffs to collect information about the companies from the government.