$FNMA #FANNIEGATE

Posted on July 12, 2017

The Clerk for the Eighth Circuit released the Saxton Plaintiffs’ reply brief today, and a copy is attached to this e-mail message.  The Saxton Plaintiffs include a chart on pages 15 and 16 showing that FHFA and Treasury’s justifications for the Net Worth Sweep do not agree with the factual allegations in the Saxton Complaint.  As a result, the Saxton Plaintiffs argue, Judger Reade’s dismissal of their lawsuit should be reversed and the District Court should review evidence in a trial to determine which version of the story surrounding the Net Worth Sweep is correct.17-1727-0020


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