U.S. Supreme Court Decides Regulator of Housing Giants Fannie Mae and Freddie Mac can be Removed “At Will” by the President
SCOTUS rules that the FHFA leadership structure is unconstitutional WASHINGTON, D.C. – This morning, the Supreme Court of the United States (SCOTUS) issued a decision affecting housing giants Fannie Mae and Freddie Mac, government-sponsored enterprises (GSEs) that financially back every other mortgage in America. The SCOTUS decided, in Collins v. Yellen, that the director of the Federal Housing Finance Agency...