The dark side of transparency: Court rules Fannie and Freddie don’t have to disclose political donations

The federal agency that has legal control over Fannie Mae and Freddie Mac does not have to disclose documents about the political giving of the mortgage giants, a court ruled Friday.

After the Federal Housing Finance Agency (FHFA) took conservatorship of the mortgage giants during the financial crisis, Judicial Watch filed a Freedom of Information Act (FOIA) request in 2009 to obtain records detailing Fannie and Freddie’s political contributions.

When FHFA refused to provide the records, Judicial Watch sued to try and force disclosure.

Judicial Watch contends that since Fannie and Freddie are under the legal guardianship of the FHFA, records from the formerly private mortgage lending corporations are now government documents and thus subject to FOIA requests.

via Court rules agency does not have to disclose Fannie and Freddie political donations – The Hill’s Blog Briefing Room.

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