The Department of Housing and Urban Development, VA, and the U.S. Department of Agriculture are expected to reveal additional plans in July, offering new payment reduction options designed to allow more homeowners to stay in their homes.
In a mixed decision, the Supreme Court ruled that even though the leadership structure of the FHFA is unconstitutional, the statutory claims of shareholders are invalid for any actions the director took while acting as conservator of the GSEs. Now, a lower court will have to decide if that applies to the Third Amendment and the net worth sweep.