Here’s what’s needed in a true net worth sweep agreement

The fight over the so-called “net worth sweep” has been impacting Fannie Mae and Freddie Mac for years, but it could soon be over. The federal government has finally started to move on getting the two government-sponsored enterprises out of conservatorship, and now there’s a new development. Q2 hedge fund letters, conference, scoops etc The Treasury Department and the Federal Housing Finance Agency could sign an agreement ending the net worth sweep within the next 10 days, according to bank analyst Dick Bove of Odeon Capital. However, he said that could essentially a non-event, and he explained what needs to…