Mealey's (December 10, 2020, 9:31 AM EST) -- WASHINGTON, D.C. — The U.S. Supreme Court on Dec. 9 heard telephonic oral arguments from counsel representing the U.S. Department of Treasury, the Federal Housing Finance Agency (FHFA) and their directors and shareholders of Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corp. (Freddie Mac) in a case regarding whether a third amendment to preferred stock purchase agreements (PSPAs) between the federal parties and the appointed conservator for Fannie Mae and Freddie Mac is barred by the succession and anti-injunction clauses of the Housing and Economic Recovery Act of 2008 (HERA) (Patrick J. Collins, et al. v. Steven T. Mnuchin, et al., No. 19-422, and Steven T. Mnuchin, et al. v. Patrick J. Collins, et al., No. 19-563, U.S. Sup.)....