Replies to post #671085 on Fannie Mae-No Politics (FNMA)

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jtimothyhoward
MARCH 24, 2021 AT 11:06 AM
If Collins plaintiffs get the remedy they’re seeking on the APA claim–a retroactive re-characterization of sweep payments in excess of a ten percent dividend (at a quarterly rate) on the prior quarter’s amount of outstanding senior preferred stock as pay-downs of the balance of that preferred, and any remaining excess sweep payments returned over time as credits against federal income taxes owed by the companies–this would have no impact on the federal budget at all. That’s an important reason in support of a favorable ruling by SCOTUS on the APA issue–it can be made without headline-generating consequences.