Fannie Mae-No Politics (FNMA)

[FFFacts]

The lawsuits Challenge a list of several pages and almost everything is covered we can think of right now

1) The FHFA put FnF into conservatorship on agreed consent, then the liquidation preference should be paid down but the companies are not allowed to do so per contract.
2) The FHFA acted as Receiver but their statute was conservatorship (see 5th circuit en banc)
3) 5 U.S.C. § 706(2)(C), (D), affords relief because FHFA exceeded its statutory conservator authority under 12 U.S.C. § 4617(b)(2)(D).
Etc etc etc

These are all matters that have to be proven in court and adjudicated and remdeied accordingly. Admin action can moot the cases or plaintiffs can voluntary dismiss if they feel the remedy offered through administrative action would outweigh the remedy offered in court.