Replies to post #740254 on Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

It depends what some of the court rulings (if any) will be and they will likely take several years to work through the legal system.

If the courts ruled FHFA is unconstitutional and no longer needed, there are many jobs that will be lost.

The CFPB case in the 5th Circuit is an interesting one to watch, where the federal government is likely to appeal for an EnBanc Panel and/or a Petition for a Writ of Certerrori.

https://www.hklaw.com/en/insights/publications/2022/10/fifth-circuit-rules-cfpbs-selffunding-mechanism-is-unconstitutional

"The Takeaway
The Fifth Circuit's ruling potentially calls into question every single rule, guidance and order that the CFPB has issued — as they all trace their origins to the CFPB's unconstitutional self-funding structure. Given the potential implications of this ruling, the CFPB will likely seek to overturn it either by petitioning the Fifth Circuit for en banc review or petitioning for a writ of certiorari in the Supreme Court.

In addition, this decision may have implications for other agencies that are similarly funded outside the congressional appropriations process, such as the Federal Reserve, Federal Deposit Insurance Corp. (FDIC), Office of the Comptroller of the Currency (OCC), National Credit Union Administration (NCUA) and Federal Housing Finance Agency (FHFA)."

If the federal government wants to keep these federal agencies funded they can do so by funding them directly from the US Treasury.

[M I A]

You got it friend. I do my best. I agree with Robert. That recent ruling concerning the funding of CFPB is big and could/ should be applicable to other agencies. FHFA most importantly in our situation.

I don't know what will come of it, but I'm optimistic otherwise I wouldn't be here. I suspect I'm not alone in thinking this way.

All the best for you and us all.

Thanks