Fannie and Freddie confusion: Is the net worth sweep really over?Michelle Jones
The drama involving Fannie Mae and Freddie Mac continues this week with a new round of hearings about the affordability of housing in the U.S. We're also seeing two distinct views which may be confusing onlookers. One side says the net worth sweep, which bypasses junior preferred shareholders' dividends and sweeps the GSEs' profits into the Treasury, has been eliminated, while the other says it has not been, so which is it?
Hearings this week
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