Shareholders of Fannie Mae Going to Court to Grab Profits

Bill Ackerman, the same investor who is suing Herbalife, is now suing Fannie Mae. He claims that the profits belong to the shareholders who owned the insolvent Fannie Mae in 2008. The government has been taking most of the profits and using them to pay the treasury a 10% dividend.

Jaosn Brooks has written about the Fannie Mae vs. Ackerman lawsuit on checkrates.com 

As the meteoric rise of the housing market stabilizes, prices have begun to climb much more slowly. Most of the country is not back to pre-crisis peaks but many are. Notably Dallas and Denver have surpassed the peaks seen in 2007-2008.  There are many things about the recovery to be curious about. The most intriguing is the cash buyer. 40% of homes in 1Q 2014 were paid for with cash!

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FHA Loan Limits - V

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FHA Loan Limits - IV

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FHA Loan Limits - III

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