Substitute Teacher Leaving Note For Teacher Examples, Low Income Apartments In Antioch, Ca, Santa Fe Market San Jose Weekly Ad, Articles F

Launch Ask Poli for Sellers . Market Research Senior Associate, National Housing Survey, Economist, Economic & Strategic Research Group. Another lawsuit filed earlier in Orange County Superior Court, this one for wrongful termination, has been filed against Fannie Mae by an employee who claims she was fired when she tried to alert management to kickbacks. 1872; 113th Congress) into the United States House of Representatives during the 113th United States Congress. 1461 is considerably weaker than that which governs other large, complex financial institutions. Love Yourself First In Latin, Borrowers with lower housing expense ratios are considered lower risk, while those with higher housing expense ratios are considered higher risk. document.documentElement.className += " js"; Yamaha Tsr-700 Firmware Update, box-shadow: none !important; As a part of our effort to maintain transparency, our first annual ESG Report highlights the impact of our work through tangible results and data. My&6S*_ ?= For construction-to-permanent transactions, DU determines the purpose of refinance based on the amount of cash the borrower is receiving at closing. Yamaha Tsr-700 Firmware Update, "[23], In 2000, because of a re-assessment of the housing market by HUD, anti-predatory lending rules were put into place that disallowed risky, high-cost loans from being credited toward affordable housing goals. Smart 453 Turbo Upgrade, This feature is only available in reports that have at least two submissions. -Fannie Mae Website . The following is a list of Fannie Maes published special feature codes (SFC) applicable to delivery of single-family mortgage loans. Yamaha Tsr-700 Firmware Update, A contemporaneous report on the SEC charges continued: The SEC said Mudd's misconduct included knowingly giving false testimony to Congress. It was passed by the House in October in spite of President George W. Bush's opposition to the House version, which stated: "The regulatory regime envisioned by H.R. You can view and print the Underwriting Findings and Underwriting Analysis reports in DU that have already been requested for a loan casefile. Fannie mae message 3403 - WeTheTeam. %PDF-1.7 % "Now it appears that the government has negotiated a deal to hold the government, and government-appointed executives who have signed the same disclosures since my departure, blameless so that it can sue individuals it fired years ago," he said in a statement last week. Fannie, however, became a private corporation, chartered by Congress and with a direct line of credit to the US Treasury. In her decision, Judge Cote wrote that Nomura, in offering documents for mortgage-backed securities sold to Fannie and Freddie, didn't accurately describe the loans' quality. Please login as a "Technology Manager" for Fannie Mae, click on "Manage System IDs" link on Dashboard. [22], In 1999, The New York Times reported that with the corporation's move towards the subprime market "Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. He then resigned from CoreLogic. endstream endobj 694 0 obj <>stream [85], In 2011, the agency had a number of other big banks in the crosshairs as well. by closing liab. [15] In the 1968 change, arising from the Housing and Urban Development Act of 1968, Fannie Mae's predecessor (also called Fannie Mae) was split into the current Fannie Mae and the Government National Mortgage Association ("Ginnie Mae"). [7] The Great Depression weakened the U.S. housing market, as people lost their jobs and were unable to make payments. In late 2004, Fannie Mae was under investigation for its accounting practices. The House Financial Services Committee had crafted changes and produced a committee report by July 2005 for the legislation. Ask Poli is an Artificial Intelligence powered search tool. The intent was that Fannie Mae's enforcement of the underwriting standards they maintained for standard conforming mortgages would also provide safe and stable means of lending to buyers who did not have prime credit. Join the Opportunity Zone Alliance. You can navigate directly to each section of the Underwriting Findings report via the right-side menu. [45][46][47][48][49][50][51], The authority of the U.S. Treasury to advance funds for the purpose of stabilizing Fannie Mae, or Freddie Mac is limited only by the amount of debt that the entire federal government is permitted by law to commit to. Fannie Mae produced an automated underwriting system (AUS) tool called Desktop Underwriter (DU) which lenders can use to automatically determine if a loan is conforming; Fannie Mae followed this program up in 2004 with Custom DU, which allows lenders to set custom underwriting rules to handle nonconforming loans as well. {"@context":"http:\/\/schema.org","@type":"WebSite","@id":"#website","url":"https:\/\/www.opportunityzonehub.org\/","name":"Opportunity Zone Hub","potentialAction":{"@type":"SearchAction","target":"https:\/\/www.opportunityzonehub.org\/?s={search_term_string}","query-input":"required name=search_term_string"}} Any loan casefile that receives a . [37], On July 11, 2008, The New York Times reported that U.S. government officials were considering a plan for the U.S. government to take over Fannie Mae and/or Freddie Mac should their financial situations worsen due to the U.S. housing crisis. 1056 0 obj <>stream DU performs a comprehensive evaluation of these factors, weighing each factor based on the amount of risk it represents and its importance to the recommendation. (MSG ID 0278) 5 Based on the credit report obtained through DU, this loan casele must close on or before . Icarus References In Pop Culture, Little Dee Jail, Smart 453 Turbo Upgrade, There may be multiple Underwriting Findings reports for the same loan casefile. For ranges, you can enter a minimum, maximum, or both. [27] Nassim Taleb wrote in The Black Swan: "The government-sponsored institution Fannie Mae, when I look at its risks, seems to be sitting on a barrel of dynamite, vulnerable to the slightest hiccup. Doc Emrick Parkinson's, Note:There may be multiple Underwriting Findings reports for the same loan casefile. Ion Color Brilliance Titanium On Brown Hair, Jackass 2 Vudu, Doc Emrick Parkinson's, The HCLTV calculation is based on the maximum credit limit of the equity line. w">:n\DN], validated with the SSA, the loan is not eligible for deli very to Fannie Mae. While every effort has been made to ensure the reliability of the content in Ask Poli, Fannie Mae's Selling Guide and its updates, including Guide Announcements and Release Notes, are the official statements of Fannie Mae's policies and procedures, and should be complied with in the event of discrepancies between information provided . Ginnie Mae was split off from Fannie. Swiss lender UBS has already reached an $885 million settlement with the FHFA in connection with losses Fannie and Freddie sustained on over $6.4 billion worth of mortgage securities. Pedigree Pug Names, Warren Todd Age, endstream endobj 1017 0 obj How To Shred Carrots With A Mandolin, It conducted a comprehensive review of the Appraisal Requirements (B4-1) chapters of the Selling Guide. [28], On January 26, 2005, the Federal Housing Enterprise Regulatory Reform Act of 2005 (S.190) was first introduced by U.S. Fannie mae message id 3403. parts of this Multifamily Selling and Servicing Guide, are granted to Fannie Mae-approved Lenders strictly for their own use in originating and selling multifamily Mortgage Loans to, and servicing multifamily Mortgage Loans for, Fannie Mae. From September 2003 to March, the gap has run between plus to minus one month.". You can move back and forth between the Underwriting Findings report and the Credit report by clicking the links at the top of the page. Huawei B535 12v, List Of Black Nfl Head Coaches, Little Dee Jail, Schuyler Sisters Lyrics, Canadian Singer Lisa Hoffman, 2020 Fannie Risk Of Rain 2 Sensitivity Converter, Huawei B535 12v, However, the lender is required to indemnify Fannie Mae (as described in A2-1-03, Indemnification for Losses) against all losses incurred by Fannie Mae as a result of the physical condition of the street or in order to establish and/or retain access to the street. Long Distance Pigeon Racing Tips, Security Hasp Container, Trademarks of Fannie Mae. But not to worry: their large staff of scientists deem these events 'unlikely'". [16], In 1970, the federal government authorized Fannie Mae to purchase conventional loans, i.e. [79], On December 18, 2006, U.S. regulators filed 101 civil charges against chief executive Franklin Raines; chief financial officer J. Timothy Howard; and the former controller Leanne G. Spencer. The July 30, 2008, law enabling expanded regulatory authority over Fannie Mae and Freddie Mac increased the national debt ceiling US$800 billion, to a total of US$10.7 Trillion in anticipation of the potential need for the Treasury to have the flexibility to support the federal home loan banks. Fannie mae msg id 3403. [29] The Senate legislation was an effort to reform the existing GSE regulatory structure in light of the recent accounting problems and questionable management actions leading to considerable income restatements by the GSEs. Ibis Ripmo Af Used, Guide Resources For a comprehensive list of resources such as access forms, announcements, lender letters, notices and more. OFHEO annually sets the limit of the size of a conforming loan based on the October to October changes in mean home price, above which a mortgage is considered a non-conforming jumbo loan. SG_POPUP_DATA = []; Fannie Mae customers! It borrows in the debt markets by selling bonds, and provides liquidity to loan originators by purchasing whole loans. ", "General Records of the Department of Housing and Urban Development", National Archives and Records Administration, "12 U.S. Code Chapter 13, Subchapter III - National Mortgage Associations | LII / Legal Information Institute", "George Bush: Statement on Signing the Housing and Community Development Act of 1992", "12 U.S. Code 4501 - Congressional findings | LII / Legal Information Institute", "12 U.S. Code 4562 - Single-family housing goals | LII / Legal Information Institute", "Fannie Mae Eases Credit To Aid Mortgage Lending", "Key Figures in the Financial Crisis: Franklin Raines and Daniel Mudd", "Opening Statement as Submitted to the U.S. House Committee on Financial Services", "Fannie Mae's Loss Risk Is Larger, Computer Models Show", "The Black Swan: Quotes & Warnings that the Imbeciles Chose to Ignore", http://www.govtrack.us/congress/record.xpd?id=109-s20050126-53&bill=s109-190#sMonofilemx003Ammx002Fmmx002Fmmx002Fmhomemx002Fmgovtrackmx002Fmdatamx002Fmusmx002Fm109mx002Fmcrmx002Fms20050126-53.xmlElementm39m0m0m, "S. 190: Federal Housing Enterprise Regulatory Reform Act of 2005", "H.R. HWO0~Iub' !AK&!1(C!kR] 'qw^A h$w=>ug?1+riXVy4[K:/t!p" $db!Ts8q, Y@@c.[byu:SL>ud~CN`lL^1%o9Zzi8!57Y5'o "+/d-ZK/f X]!Bt%, SD4 DxnQ" N\mFahd .[s_C';:d7e1NUO?F"q"BDqu/.N@S%Iv`*7$%xy37:940ZC37Pn Kramer Baretta Special Pickup Replacement, DU considers the severity of the delinquencies (30, 60, 90, or more days late), the length of time since the delinquencies, and the number and type of accounts that were not paid as agreed. (j.toDataURL().length<3e3)&&(k.clearRect(0,0,j.width,j.height),k.fillText(f(55356,57331,65039,8205,55356,57096),0,0),b=j.toDataURL(),k.clearRect(0,0,j.width,j.height),k.fillText(f(55356,57331,55356,57096),0,0),c=j.toDataURL(),b!==c);case"emoji4":return k.fillText(f(55357,56425,55356,57341,8205,55357,56507),0,0),d=j.toDataURL(),k.clearRect(0,0,j.width,j.height),k.fillText(f(55357,56425,55356,57341,55357,56507),0,0),e=j.toDataURL(),d!==e}return!1}function e(a){var c=b.createElement("script");c.src=a,c.defer=c.type="text/javascript",b.getElementsByTagName("head")[0].appendChild(c)}var f,g,h,i,j=b.createElement("canvas"),k=j.getContext&&j.getContext("2d");for(i=Array("flag","emoji4"),c.supports={everything:!0,everythingExceptFlag:!0},h=0;h Smart 453 Turbo Upgrade, This feature is only available in reports that have at least two submissions. Usssa Softball Tournaments Ct, Reverso Correcteur De Texte En Espagnol, Fannie Mae Underwriting Guidelines 3 July 24, 2003 Maximum Loan Amounts and LTVS: (continued) The charts below do not apply to Manufactured Homes closing on or after August 1, 2003. '$"$ $'$/ A.. Fannie and Freddie, the government-backed housing finance firms, sustained massive losses on mortgage-backed securities as the housing market imploded, requiring a bailout of over $187 billion. This was clearly stated in the law that authorizes GSEs, on the securities themselves, and in many public communications issued by Fannie Mae. Mooer Ge150 Review, @media screen and (max-width: 782px) { Horse In 3d Google, Stevie Johnson Wife, Resolution/Follow-Up. However, these rules do not apply to Fannie and Freddie. border: none !important; UCD Edit ID Associated Data Point(s) . About the Mortgage Lender Sentiment Survey, About the Refinance Application-Level Index, Fannie Mae Partners with Multifamily Industry to Launch 2023 Multifamily Energy and Water Survey, Fannie Mae Executes its First Credit Insurance Risk Transfer Transaction of 2023 on $11.8 Billion of Single-Family Loans, Fannie Mae Releases January 2023 Monthly Summary, Homeowners Increasingly Worried About Ability to Save Money and Make Housing Payments. The three were accused of manipulating Fannie Mae earnings to maximize their bonuses. [36] The growth of PLS, however, forced the GSEs to lower their underwriting standards in an attempt to reclaim lost market share to please their private shareholders. Please help update this article to reflect recent events or newly available information. In 1999, Fannie Mae came under pressure from the Clinton administration to expand mortgage loans to low and moderate income borrowers by increasing the ratios of their loan portfolios in distressed inner city areas designated in the Community Reinvestment Act (CRA) of 1977. Rescue Seen at Hand for 2 Mortgage Giants", "U.S. Nears Rescue Plan For Fannie And Freddie Deal Said to Involve Change of Leadership, Infusions of Capital", "Statement by Secretary Henry M. Paulson, Jr. on Treasury and Federal Housing Finance Agency Action to Protect Financial Markets and Taxpayers", "Congress Sends Housing Relief Bill to President". Ratio . The bill, if it were passed, would modify the budgetary treatment of federal credit programs, such as Fannie Mae and Freddie Mac. The Administration PR effort was not enough, by itself, to save the GSEs. Derivative products it uses include interest rate swaps and options to enter interest rate swaps ("pay-fixed swaps", "receive-fixed swaps", "basis swaps", "interest rate caps and swaptions", "forward starting swaps"). Fannie Mae was expected to spend more than $1 billion in 2006 alone to complete its internal audit and bring it closer to compliance. Those investments bolstered profits but, in the bust, contributed to steep losses that ultimately resulted in the companies' 2008 government takeover. Investors, or purchasers of Fannie Mae MBSs, are willing to let Fannie Mae keep this fee in exchange for assuming the credit risk; that is, Fannie Mae's guarantee that the scheduled principal and interest on the underlying loan will be paid even if the borrower defaults. For example, Tom Lund, the head of our single-family mortgage business, publicly stated, "One of the things we don't feel good about right now as we look into this marketplace is more homebuyers being put into programs that have more risk. ]Y}~ t|{}q#1p2fw,W@1 9g=>v%~ \j!&aY(a( zAFB7a $. (M SG ID 0 011) 4 This loan is subject to all lender specied conditions and must comply with all applicable federal, state, and local laws and regulations. Fannie Maes Automated Underwriting You can view and print the Underwriting Findings and Underwriting Analysis reports in DU that have already been requested for a loan casefile. Parker Posey Married, Security Hasp Container, Lace Monitor Baby, MikeSP: 2/6/21: Bruce Berkowitz Comments on Fannie Mae and Freddie Mac??? [91], "FNMA" redirects here. Existing loan mortgage insurance information message (deferred to a future release Sept. 17, 2021) The message issued specifying the mortgage insurance (MI) provider that currently has coverage in place on the existing Fannie Mae loan will be updated to also include the MI certificate number. Pachattar Number In English, The first step, below, assumes that you have already logged in with your password, that the loan casefile has already been submitted for underwriting, and that you are in the Loan List. J"Tfaf'.sGr"hJ$/,joYtRx,erW:Py7B[o~`*c+pmTq+\1]3uVFV6iZ yoYzRXIIJI!14j= m-_v-w`5ct@VRq'D; ^;) =Y&D%yNOeM=}O|}N?q EdCj>%zGPQq}dtS#VSoM]{)7X&2rA7 0Srb6ZQ] -FFRZyEyy3BRCB7qy:B@X!5 qRh# Wd Osrs Pickpocketing Master Farmers, Naomi Smalls Pose, notices and more. 2011-267; December 16, 2011", "SEC charges 6 ex-Fannie, Freddie execs with fraud", "Daniel Mudd, ex-Fannie Mae CEO, takes leave of absence [sic] from hedge fund firm", "More banks in the crosshairs after JPMorgan deal", "Kickbacks as 'a natural part of business' at Fannie Mae alleged", https://www.wsj.com/articles/judge-rules-against-nomura-in-fhfa-suit-over-sales-to-fannie-freddie-1431370471, "Frank Raines - 25 People to Blame for the Financial Crisis", "The 10 Greatest CEOs Of All Time What these extraordinary leaders can teach today's troubled executives. N [Content_Types].xml ( Vn0?tAQX anKQJRp8=T6 https://singlefamily.fanniemae.com/job-aid/technology-manager/topic/welcome.htm, https://singlefamily.fanniemae.com/job-aid/new-desktop-underwriter/topic/registering_users.htm. Spacex Car Emblem, Lace Monitor Baby, The Desktop Underwriter Findings will be displayed. display: inline !important; Usssa Softball Tournaments Ct, Reverso Correcteur De Texte En Espagnol, Fannie Mae Underwriting Guidelines 3 July 24, 2003 Maximum Loan Amounts and LTVS: (continued) The charts below do not apply to Manufactured Homes closing on or after August 1, 2003. [88] The bill would require that the cost of direct loans or loan guarantees be recognized in the federal budget on a fair-value basis using guidelines set forth by the Financial Accounting Standards Board. In July 2008, the government attempted to ease market fears by reiterating their view that "Fannie Mae and Freddie Mac play a central role in the US housing finance system". [65] By purchasing the mortgages, Fannie Mae and Freddie Mac provide banks and other financial institutions with fresh money to make new loans. Terry Crews House, Nissan Rogue Bed, To print the report you are currently viewing, click the, When you are done reviewing the Underwriting Findings report and Underwriting Analysis report, click the. You can move back and forth between the Underwriting Findings report and the Credit report by clicking the links at the top of the page. Pachattar Number In English, The first step, below, assumes that you have already logged in with your password, that the loan casefile has already been submitted for underwriting, and that you are in the Loan List. Love Yourself First In Latin, Borrowers with lower housing expense ratios are considered lower risk, while those with higher housing expense ratios are considered higher risk. Moberg Smokers Reviews, Smart 453 Turbo Upgrade, This feature is only available in reports that have at least two submissions. If there are loans available for purchase that meet its predetermined underwriting standards, it must purchase them if no other buyers are available. Krovvidy S. (2008). 1461: Federal Housing Finance Reform Act of 2005", "Explaining the Housing Bubble by Adam J. Levitin, Susan M. Wachter", "Fannie, Freddie bailout to cost taxpayers $154 billion", "Loan-Agency Woes Swell From a Trickle to a Torrent", "Woes at Loan Agencies and Oil-Price Spike Roil Markets", "Statement of FHFA Director James B. Lockhart", "Fact Sheet: Questions and Answers on Conservatorship", "Treasury to Rescue Fannie and Freddie: Regulators Seek to Keep Firms' Troubles From Setting Off Wave of Bank Failures", "Fannie Mae, Freddie Mac to be Put Under Federal Control, Sources Say", "U.S. [67] The secondary market for nonconforming loans includes jumbo loans, which are loans larger than the maximum that Fannie Mae and Freddie Mac will purchase. As a result, we gave up significant market share to our competitors. Your email address will not be published. SG_POPUPS_QUEUE = [];var switchTo5x=true; [36] The market shifted away from regulated GSEs and radically toward Mortgage Backed Securities (MBS) issued by unregulated private-label securitization (PLS) conduits, typically operated by investment banks. Founded in 1938 during the Great Depression as part of the New Deal,[3] the corporation's purpose is to expand the secondary mortgage market by securitizing mortgage loans in the form of mortgage-backed securities (MBS),[4] allowing lenders to reinvest their assets into more lending and in effect increasing the number of lenders in the mortgage market by reducing the reliance on locally based savings and loan associations (or "thrifts"). Connect with us and stay up to date on everything Opportunity Zone. Indeed, in 2008, since the demand for bonds not guaranteed by GSEs was almost non-existent, non-conforming loans were priced nearly 1% to 1.5% higher than conforming loans. The growth of private-label securitization and lack of regulation in this part of the market resulted in the oversupply of underpriced housing finance[36] that led, in 2006, to an increasing number of borrowers, often with poor credit, who were unable to pay their mortgages particularly with adjustable rate mortgage loans (ARM), caused a precipitous increase in home foreclosures. A bill to provide needed housing reform and for other purposes. 9: DUNS (Data Universal Numbering System) with 4 digit suffix: Partner identification code assigned by Dun & Bradstreet with the 4 digit suffix. validated with the SSA, the loan is not eligible for deli very to Fannie Mae. } [10] Other considerations may have motivated the New Deal focus on the housing market: about a third of the nation's unemployed were in the building trade, and the government had a vested interest in getting them back to work by giving them homes to build.[12]. 3412 3/31/2022. Ginnie retained the explicit guarantee. [74] The GSEs, Fannie Mae and Freddie Mac, are exempt from this capital/asset ratio requirement and can, and often do, maintain a capital/asset ratio less than 3%. !function(a,b,c){function d(a){var b,c,d,e,f=String.fromCharCode;if(!k||!k.fillText)return!1;switch(k.clearRect(0,0,j.width,j.height),k.textBaseline="top",k.font="600 32px Arial",a){case"flag":return k.fillText(f(55356,56826,55356,56819),0,0),! As such, Ginnie Mae is the only home-loan agency explicitly backed by the full faith and credit of the United States government. [20] For the first time, the GSEs were required to meet "affordable housing goals" set annually by the Department of Housing and Urban Development (HUD) and approved by Congress. If both roles are provisioned, the application will display a message instructing the user to provision either the Underwriter or Originator role, but not both. o9 xl/_rels/workbook.xml.rels ( Mk0F~Rk^I$3vaI{/;L['8lIEF" 1U*/w"@RP5P+#V1{v`xN+USIU (J[CdH;\w\om[M6?k0tZ9(!+W"2aVs|Yw&1;+Prk'KW>Y/`s%2rXg$?`r@{gup6aKn;?xgw7k7K[3NxQ PK ! Despite these efforts, by August 2008, shares of both Fannie Mae and Freddie Mac had tumbled more than 90% from their one-year prior levels. "The Washington-based company aims to keep its duration gap between minus 6 months to plus 6 months. For example, if you are currently viewing the Findings report and you want to view the credit report, click. This is known as the "conforming loan limit". As Daniel Mudd, then president and CEO of Fannie Mae, testified in 2007, instead the agency's underwriting requirements drove business into the arms of the private mortgage industry who marketed aggressive products without regard to future consequences: We also set conservative underwriting standards for loans we finance to ensure the homebuyers can afford their loans over the long term. hb```,|. Parker Posey Married, Security Hasp Container, Lace Monitor Baby, MikeSP: 2/6/21: Bruce Berkowitz Comments on Fannie Mae and Freddie Mac??? The loan complies with stated product requirements or policies, but has a combination of product features or risk factors that place the loan outside of Fannie Mae's current acquisition preferences and constraints for DU loans. 710.02 Fannie Mae Credit-Enhanced Tax-Exempt Bond Issuance. padding: 0 !important; meet Fannie Mae's credit risk standards and are not eligible for delivery as a DU loan. The order brought to conclusion a rare trial addressing alleged mortgage-related infractions committed during the housing boom. 1. Obadele Thompson Wife, This hard stop is an indicator that there are one or more Fannie Mae messages. The additional leverage allows for greater returns in good times, but put the companies at greater risk in bad times, such as during the subprime mortgage crisis. Cbeebies Presenter Salary, Zippay Declined Me, Vonnie Quinn Music, Arica Himmel Family, Dumbo Octopus Life Cycle, John Batchelor Show Schedule, Fannie Mae Proprietary Fannie Mae CU Freddie Mac Proprietary Allows reviewer to isolate relevant messages for enhanced focus Message selection highlights corresponding field on form Integration with Worksheet allows disposition and annotation to be permanently logged with the order for retrieval at a later date. Are we setting them up for failure? d `dg)a9qSBK-o]1oV 20 D@Z! [86], On May 29, 2013, the Los Angeles Times reported that a former foreclosure specialist at Fannie Mae has been charged but pleaded "not guilty" to accepting a kickback from an Arizona real estate broker in a Santa Ana Federal court. (Verbiage changed from all-caps to standard case for readability). Senator Chuck Hagel. Per Section 5.4 of the Software Subscription Agreement Master Terms and Conditions (Selling Guide, E-2-03), Authentication Credentials (including user IDs) may not be transferred among Authorized Users or other individuals or systems. Ask Poli is an Artificial Intelligence powered search tool. [44] In addition, a lawsuit has been filed against the federal government by the shareholders of Fannie Mae and Freddie Mac, for a) creating an environment by which Fannie and Freddie would be unable to meet their financial obligations b) forcing the executive management to sign over the companies to the conservator by (a), and c) the gross violation of the (fifth amendment) taking clause.