Fannie Mae (FNMA)

[Patswil]

Katie Buehler
@bykatiebuehler
·
1h
SEEN: Ex-
@FHFA
Acting Director Ed DeMarco in the security line at the DC federal courthouse. He will testify later today in a trial over claims the agency improperly amended stock purchase agreements in 2012 to allow Treasury to sweep up
@FannieMae
&
@FreddieMac
net profits.
Katie Buehler
@bykatiebuehler
·
22m
Here's what DeMarco said last time around. The style of testimony he gives today might be slightly different since he's being called solely as a defense witness, instead of a witness for both sides.
Day 1:

DeMarco himself is now on the stand. The shareholders elicited testimony from him that while the FHFA had a “team of people” analyzing a parallel proposal that would’ve forgiven mortgage principals for certain homeowners, there was no such team analyzing the net worth sweep.

— Katie Buehler (@bykatiebuehler) October 20, 2022

Day 2: