Fannie Mae has been accused of securities fraud. If you are a member of any of their investment plans or profit sharing retirement plans and purchased or held the Company's stock in one of those Plans during the periods April 17, 2001 to September 22, 2004, you may have a claim.
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Fannie Mae breached contract to uphold a fair ARM lock conversion rate 2008 forward being based on a bloated daily Net yield. That bloat unfairly raised homeowner lock in rates far above prevailing market interest rates during QE1-3 wall street easing. As a result thousands of note holders never locked the ARM rate and are being extorted to refinance under HARP for another 30 years. Fannie Mae 7-1 ARM mortgages/rates should have been rolled into new amortization based on the 2008 market crash and QE1-3 artificially bloating the Fannie Mae daily net yield relative to prevailing real estate market conditions. Ohio senators Rob Portman and Sherrod Brown have ignored the plight of Fannie Mae note holders falling into their Black hole of singularity.
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