Fannie, Freddie Agreement Amendment Does Not Violate HERA, Federal Parties Argue

Mealey's (August 19, 2020, 1:26 PM EDT) -- WASHINGTON, D.C. — An amendment to an agreement negotiated between the Federal Housing Finance Agency (FHFA) and the U.S. Department of Treasury allowing for the Treasury Department to provide capital to the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corp. (Freddie Mac) in the wake of the 2008 financial crisis does not violate the terms of the Housing and Economic Recovery Act (HERA), federal parties argue in a merits brief filed Aug. 17 in the U.S. Supreme Court (Patrick J. Collins, et al. v. Steven T. Mnuchin, et al., No. 19-422, U.S. Sup.)....