Arguing that they have precedent to petition the Supreme Court to rule on the Federal Housing Finance Agency’s (FHFA) constitutionality, multiple FHFA stakeholders filed a writ of certiorari petitioning the nation’s highest court for relief that was not provided in the Fifth Circuit Court’s ruling on the agency’s constitutionality.
Specifically, the petitioners argued that the court should have provided relief pertaining to the net worth sweep, stipulating that all dividends received by Fannie Mae and Freddie Mac must be submitted to the Treasury Department.
Find out more details about the petitioners’ argument.