Fannie Mae-No Politics (FNMA)

[RumplePigSkin]

Can’t be overstated that SCOTUS will review the conservatorship. It may give Justice Thomas an opportunity to gut FHFA similar to what he wanted to do with the CFPB. It would be hilarious if Thomas penned the majority ruling wiping away FHFA. Justice Thomas did state in the minority opinion in Seila v. CFPB that he wanted another opportunity to reassess remedy in Seila. Collins could give him his chance.

Not sure the probabilities are on our side for that, but I think they are for the NWS. Certainly stranger things have happened.

The justices granted a pair of cases, Collins v. Mnuchin and Mnuchin v. Collins, involving a challenge to the structure of the Federal Housing Finance Agency. The court ruled earlier this term that the Consumer Financial Protection Bureau’s similar structure is unconstitutional; the challengers have asked the justices to weigh in on what the remedy should be if the FHFA’s structure is also unconstitutional. The question arises in a broader dispute between shareholders of Fannie Mae and Freddie Mac and the FHFA, which became the conservator for Fannie and Freddie in the wake of the 2008 financial crisis, over the FHFA’s 2012 financing agreement with the Treasury Department. The court also agreed to weigh in on issues relating to the statute under which the FHFA became the conservator.

https://www.scotusblog.com/2020/07/before-the-summer-recess-one-last-set-of-grants/