Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

I believe the 5th Circuit EnBanc ruling stated that the nws WAS AN ULTRA VIRUS ACT BY THE FHFA, and was ruled in response to a Summary Judgment, so had the USSCT NOT accepted the Writ of Certerrori, then the 5th Circuit would be going to trial on the damages right now.

But I think most of the litigation in most of the courts are on hold while the biggest dogs in the court system, the SCOTUS, make their ruling(s).

The SCOTUS is aware of all the litigation pending on the nws and the Constitutionality of the Single Member director fireable only for cause.

Collins has been in the SCOTUS INBOX FOR OVER 13 MONTHS, they know the importance of the case and its implications on US Housing Policy.

Who knows, they are releasing opinions this Thursday, maybe (seriously doubt it - more likely by July 1st) Collins will come out and SM will finally make a move.