Fannie Mae (FNMA)

[FOFreddie]

SCOTUS unlikely to issue opinion for several months. The AGC timeline is probably the best estimate. Issue will be how broad they want to make the opinion. One part of the Court may want to undue or limit the Administrative State and limit the precedent of Humprey's Executor as Robert has highlighted - also could just be a narrow decision. There is probably no precedent for a ruling prior to March since it is unlikely to be a 9-0 or nearly unanimous decision. No decisions on any case argued in December yet - the unanimous decisions in December will most likely come first and the closer decisions will come next.