Fannie Mae-No Politics (FNMA)

[big-yank]

The Collins case introduced this issue to the Fanniegate discussion in at least a minor way. I'm just now sure how precedential it may be based on differences between the CFPB and FHFA and differences between the statutes that created the two governmental entities.

I have not studied Judge Kavanaugh's opinion in any detail, so I can only offer a visceral reaction to your question that would be my opinion, only.

I think it would be extreme to cite a Constitutional defect in FHFA's organizational structure as an automatic invalidation of any and every decision made since the agency's inception. Unless cause could be shown that a single director structure altered an outcome detrimental to plaintiffs, I see the PHH decison as more influential on the issue of whether the POTUS has legal empowerment to discharge FHFA Director Melvin Watt, if he so chooses.

That's all just opinion on my part.