Fannie Mae-No Politics (FNMA)

[Mikey Mike]

Conservatorsip, receivership whats the difference Fannie or Freddie shareholder cannot vote on company polices.

Conservatorship FAQs
What is a conservatorship?
The Federal Reserve Bank of St. Louis (and subsequently, the Federal Housing Finance Agency) defines a conservatorship as “[t]he legal process (for entities that are not eligible for Bankruptcy court reorganization) in which a person or entity is appointed to establish control and oversight of a company to put it in a sound and solvent condition. In a conservatorship, the powers of the company’s directors, officers, and shareholders are transferred to the designated conservator.” http://timeline.stlouisfed.org/pdf/CrisisGlossary.pdf

How does it compare to a receivership?
A receiver is a neutral party appointed by the court to take possession of property and preserve its value for the benefit of the person or entity subsequently determined to be entitled to the property. CJS Receivership § 1. Under the Federal Deposit Insurance Act the receiver is charged by law with the duty of winding up the affairs of a bank or savings association or branch of a foreign bank. 12 U.S.C. § 1813(j)

http://fhfaoig.gov/LearnMore/FAQ#Conservatorship2