Fannie Mae-No Politics (FNMA)

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Short Takes: FHFA Wants GSE Documents Out of the Public?s View

IN CASE YOU MISSED IT:

Documents pertaining to the conservatorship of Fannie Mae and Freddie Mac, and the controversial change that strips the GSEs of net worth, will remain sealed, under a September court order in a lawsuit filed by private GSE shareholders.

Judge Margaret Sweeney?s recent ruling in Fairholme Funds v. The United States went in favor of the Federal Housing Finance Agency to keep the documents under ?protected information,? denying a motion by Fairholme to release the documents. Charles Cooper, attorney with Cooper & Kirk, the law firm representing the investors, told Inside MBS & ABS that Sweeney?s not ready to see the documents made public.

For more on the story, see Inside MBS & ABS.