Still possessed: Investors in America’s housing-finance giants lose in court

Posted: February 23, 2017 in economy
Tags: , ,

Print section
Print Rubric: 

Investors in America’s housing-finance giants have a bad day in court

Print Headline: 

Still possessed

Print Fly Title: 

Fannie Mae and Freddie Mac

UK Only Article: 
standard article

Issue: 

Wind and solar power are disrupting electricity systems

Fly Title: 

Still possessed

Location: 

NEW YORK

ONE unresolved issue from the financial crisis is the future of Fannie Mae and Freddie Mac, the two firms that stand behind much of America’s housing market. Fannie and Freddie purchase mortgages, bundle them into securities and sell them on to investors with a guarantee. When America’s housing market collapsed a decade ago, the government had to bail them out. Its treatment of the firms since then has created a titanic legal struggle. Shareholders have cried foul. On February 21st, a federal appeals court upheld a ruling in the government’s …

via Economic Crisis http://ift.tt/2luIK8a

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s