The Fifth Circuit Court of Appeals has declared the Federal Housing Finance Agency (FHFA) to be unconstitutionally structured, making it the second federal regulatory body to receive such a ruling within the past month.
The ruling has meaningful implications for those advocating Fannie Mae and Freddie Mac to be recapitalized and released from conservatorship under the FHFA.
Learn some of the details that led to the ruling by the three-judge panel.