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Replies to post #601784 on Fannie Mae-No Politics (FNMA)
Latergater
04/01/20 1:37 PM
#601785 RE: stockprofitter #601784
mrfence
04/01/20 1:39 PM
#601787 RE: stockprofitter #601784
Supreme Court on Fannie and Freddie The pending litigation could also have an impact on when Fannie Mae and Freddie Mac exit conservatorship. One of the most notable cases that’s been filed is the case before the Fifth Circuit Court of Appeals, which found that the structure of the Federal Housing Finance Agency to be unconstitutional. The Supreme Court decided not to hear the case, and it’s widely believed that the reason is because the court will hear a similar case against the Consumer Financial Protection Bureau. What’s particularly interesting about the bearing of the CFPB case on Fannie Mae and Freddie Mac is the government’s approaches to both cases. Wagener said the government is arguing that the structure of the FHFA is constitutional, but it isn’t defending the structure of the CFPB. Thus, the Supreme Court’s view of the two agencies as similar in structure could work against the government as it seeks to defend the FHFA’s position.