"Hedge Funds Can't Sue Over Investments in Fannie and Freddie" https://www.bloomberg.com/news/arti...t-worth-sweep-case-affirmed-in-part-on-appeal FNMA down $1.44 or 34.70% to $2.71 FNMAS down $3.01 or 28.03% to $7.73 .
https://twitter dot com/HoldenWalker99 tweeted a good summary of a Maria Bartiromo interview with Steven Mnuchin. It looks like FNMA stock is responding positively to the interview, up over 10% this morning. The September 4 high for FNMAS was $13.10 The September 5 high for FNMA was $3.07 A break above these levels on volume would be a good sign. At the time of writing (8.25am) FNMA looks to be trading at $3.09. It also looks like FNMAS is bid over $13.10. "Fannie, Freddie stocks soar after Mnuchin says deal is close to end profit sweep" https://www.marketwatch.com/story/f...-deal-is-close-to-end-profit-sweep-2019-09-09 update @ 8.55am: https://finance.yahoo.com/quotes/fnma,fnmas,fmcc,fmckj/ 21 May high for FNMA was $3.27 7 June high for FNMAS was $14.09 FNMA looks like it will open above $3.27 FNMAS sitting close to $14.00 .
Separate to the Mnuchin interview, from Friday 6 September: "Fannie-Freddie Investors Fighting Profit Sweep Get Key Win" https://www.bloomberg.com/news/arti...estors-get-key-win-in-bid-to-end-profit-sweep .
Seeking Alpha story links to WSJ article about court victory: https://seekingalpha.com/news/3497958-frannie-soaring-court-victory
It looks like this story https://seekingalpha.com/news/3501079-fannie-freddie-poised-pause-treasury-sweeps-soon-wsj may be closer to an official an official announcement. There is a Bloomberg headline "Fannie, Freddie Permitted to Boost Capital Cushions by Billions" Still searching for a link to a relevant article ... .
Treasury PR: https://home.treasury.gov/news/press-releases/sm786 Bloomberg article: "Fannie, Freddie Permitted to Boost Capital Cushions by Billions" https://www.bloomberg.com/news/arti...rmitted-to-boost-capital-cushions-by-billions Other Articles: https://seekingalpha.com/news/3502582-fannie-freddie-will-allowed-stash-cash https://www.marketwatch.com/story/f...apital-per-treasury-fhfa-agreement-2019-09-30 .