Fannie Mae Preferred S (FNMAS)

[rosen62]

On following HERA,

the law states FHFA's Director can request courts to get involved if there are issues. That is the exception to the judicial review impediment. So if he were truly independent and if he truly believes the agreements should not trump HERA he could call in the courts. True, he can't unilaterally rewrite the contracts but he can unilaterally ask any court to review them.

(Or maybe this is part of the SPSPAs, I have to go back and look at both).