Fannie Mae (FNMA)

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Fannie, Freddie Shares May Move With Unsealing of Opinion
By Felice Maranz
(Bloomberg) -- Common shares of Fannie Mae and Freddie Mac may move as Court of Federal Claims judge Margaret Sweeney is likely to unseal her opinion in a case regarding validity of the so-called “net sweep,” which transfers the profits of the mortgage giants to the Treasury.
The parties involved in the lawsuit late Thursday told Sweeney that her Dec. 6 opinion didn’t require any redactions, Bloomberg Intelligence‘s Elliott Stein said
“As a result, we expect the opinion to be unsealed imminently, possibly as early as today”: Stein
Making the opinion public would offer investors more information about how the case may proceed; the issue is critical as investors in the mortgage giants contend they or the companies deserve the profits, not the Treasury