NAR submitted comments to the U.S. Department of the Treasury urging it to reduce, on a retroactive basis, the dividend rate on senior preferred stock issued to the Treasury in exchange for contributing capital to Fannie Mae and Freddie Mac to assure that they maintain a positive net worth.
Comments: Treasury Department on Senior Preferred Stock Dividend Rates
Issue Date: August 13, 2010
NAR submitted comments to the U.S. Department of the Treasury urging it to reduce, on a retroactive basis, the dividend rate on senior preferred stock issued to the Treasury in exchange for contributing capital to Fannie Mae and Freddie Mac to assure that they maintain a positive net worth.
Download the letter