Federal Entities Ask High Court To Decline Review Of HERA Foreclosure Bar

(March 27, 2019, 2:04 PM EDT) -- WASHINGTON, D.C. — The Federal National Mortgage Association (FHFA), the Federal Home Loan Mortgage Corp. (Freddie Mac) and the Federal Housing Finance Agency (Fannie Mae) on March 25 argued that the U.S. Supreme Court should deny a petition for review of a Ninth Circuit U.S. Court of Appeals ruling because the federal foreclosure bar under the Housing and Economic Recovery Act of 2008 (HERA) requires that homeowner associations (HOAs) and other lien holders first seek consent from the FHFA before foreclosing on property held by it  (SFR Investments Pool 1 LLC v. Federal Home Loan Mortgage Corporation, et al., No. No. 18-670, U.S. Sup.)....

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