Perry Capital LLC investors filed a suit against the US Treasury and the Federal Housing Finance Agency for the bailout terms it had set for Fannie Mae and Freddie Mac.
Fannie Mae
Breaking News
US government's Fannie Mae considered selling about US$1 billion of home-loan bonds.
Citi Group would pay Fannie Mae US$968 million for potential mortgage repurchase claims incurred between 2000-2002.
Fannie Mae and Freddie Mac challenged the US through a lawsuit filed in the US Court of Federal Claims after stating that the takeover of the Federal Housing Finance Agency in 2008 was illegal and damaging to the companies.
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