$FNMA #FANNIEGATE
Two petitions for writs of certiorari reached the U.S. Supreme Court last week. They are SFR Investments v. FHFA, No. 20-907, and SFR Investments v. M&T Bank, No. 20-908, and copies of those petitions seeking review of Ninth Circuit decisions in real estate foreclosure disputes are attached to this e-mail message. Both petitions ask the nine justices to answer whether FHFA's structure violates separation of powers and, if so, whether its conservatorship of Fannie Mae and Freddie Mac must be set aside. I may be incorrect, but I don't recall the Ninth Circuit being asked to invalidate the conservatorship proceedings. SFR Investments is asking the High Court to place both of its petitions on hold until it issues a decision in Collins.
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Glen's Musings — AI, investing, and building things. Occasional. Free.
Glen Bradford
Investor · Builder · Writer
MBA from Purdue. Former hedge fund manager. Holds 26 series of Fannie Mae and Freddie Mac junior preferred stock. Built Cloud Nimbus for Salesforce consulting. Author of Act As If. Writes about investing, building things, and the longest financial fraud in American history.
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Read moreDisclaimer: This blog post reflects the author's personal opinions at the time of writing and is not financial, investment, or legal advice. Glen Bradford holds positions in securities discussed on this site. Past performance is not indicative of future results. Do your own research and consult qualified professionals before making investment decisions. Some content on this site was generated or edited with AI assistance.