GSE Shareholder Petition Falls Short of Needed 100K Signatures
June 21, 2013
With just a week to go, the petition drive by Fannie Mae and Freddie Mac common shareholders asking the White House to “restore fairness” to the value of their lost investment looks like it will fall woefully short of the required number of signatures. Created on June 1, the petition posted on the White House website calls for Congress, the Treasury Department and the Federal Housing Finance Agency to enact a method “to provide fairness and protection” to common shareholders of the two GSEs “and enable shareholders to have participation in the recovery value of their stock.”
It will be the 11th issuance of its type by loanDepot.
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