Fannie Mae–New Shareholder Lawsuit: The Government's Actions Are Illegal

Fannie Mae–New Shareholder Lawsuit: The Government's Actions Are Illegal

There were two notable legal developments this week. On Thursday, three Fannie Mae and Freddie Mac shareholders in Iowa filed a lawsuit against the federal government in federal court in Iowa, claiming the Third Amendment Sweep amounts to a breach of contract and illegally taking of property. 

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