Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

The issue on remand in Collins will be laser focused on answering one question: Where the shareholders damaged financially by the fact that the POTUS was unable to remove any of the confirmed FHFA Directors? If the Collins Plaintiffs can show for example that the prior administration wanted to remove Mel Watt on Day 1 (through intra governmental emails discussing the situation or by deposition) then the 5th Circuit could order a remedy consistent with financial damages sustained by the shareholders as a result of the shareholders unnecessarily having to wait for a FHFA Director who unlike Mel Watt ACTUALLY WANTED TO GET THE GSES OUT OF GOVERNMENT CONTROL.

Of course that would probably require the 5th Circuit allowing the Collins Plaintiffs to obtain these intra governmental communications through expanded Discovery Documents.

Meanwhile the government will likely file a Motion to Dismiss based on some new legal analysis they've come up with just to see if it will work for them and the case would likely stop dead in it's tracks. I'm pretty sure that the government will try something but I don't know what that is based on.

https://www.cnbc.com/2021/07/12/homebuyers-finally-get-a-break-as-new-listings-rise-and-mortgage-rates-drop.html

https://www.seattletimes.com/opinion/the-magnitude-of-our-housing-shortage-requires-more-action/#comments