Fannie Mae (FNMA)

[jeddiemack]

Your concept of standing is off base. Ability to sue does transfer with the sale.

For example in lending arrangements, if a note is defaulted and the creditor sells the a defaulted note at less than note amount, the purchaser is not precluded from suing for the full amount, merely because the event of default has devalued the debtors likelihood of paying anymore than this net sweep business. The net worth sweep can be waived / changed by the fhfa at any time and like the making of this bogus third amendments BS could be altered at any time.

What you have here is that the net worth swipe is only done, if "declared" by the entity. If its not declared its not owed. Since the net worth concept is cummulative, if not declared and paid in one quarter it could be the next. Alternatively, it could be suspended or replaced.

Shareholders should absolutely, have the ability to sue to adhere to the contractual promises embodied in the commons share rights.

What the governement continues to do is a total farce.