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Home » Store » Inside The GSEs » Fifth Circuit Court Rules FHFA Single-Director Structure Violates Constitution but Treasury Sweep Was Legal

Fifth Circuit Court Rules FHFA Single-Director Structure Violates Constitution but Treasury Sweep Was Legal

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The Federal Housing Finance Agency’s structure was deemed unconstitutional this week by the U.S. Court of Appeals for the Fifth Circuit. And in another rejection for Fannie Mae and Freddie Mac shareholders, the court ruled the Treasury net worth sweep was within the agency’s power.
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