Even though the Supreme Court issued its decision in the Collins case two months ago, lawyers for both the shareholders and the government prepare to make many of the same arguments again before the Fifth Circuit.
Changes to Fannie’s loan agreements allow the company to more closely monitor compliance with OFAC rules and anti-money laundering and anti-corruption statutes.
Although most housing advocates applauded the Supreme Court’s Collins decision, shareholders argue the justices ignored key points. Nevertheless, legal experts say there’s little chance the plaintiffs will prevail when the case returns to circuit court.
Craig Phillips, senior counselor to Treasury Secretary Steven Mnuchin, recounts the Trump administration’s difficulties in ending the net worth sweep and the conservatorships.
Variation margins will reduce counterparty risk in to-be-announced MBS transactions by requiring buyers and sellers to post margins for any change in prices before settlement.
A district court in Louisiana granted a motion to dismiss claims against some defendants in an antitrust case involving bonds issued by Fannie Mae and Freddie Mac.
Anxiety builds over when and what the Supreme Court rules on the constitutionality of FHFA and whether investors should be recompensed for the net worth sweep.