Fannie Mae-No Politics (FNMA)

[bcde]

"Incorrect.The conservator is a fiduciary. Judge Willett explained it in the ruling about Collins case in the hearing en-banc.
He added that it's a trustee, protector, guardian, preserver. That's the traditional view of a conservator.
It refers to both the enterprises and the Equity holders, as both transferred their powers, rights, etc to the Conservator to use them wisely on their behalf until they are returned."


You are correct. 5-C also ruled that FHFA conservatorship is not very much different than common law conservatorship as compared to DC-C.