Collins v. Yellen

Shareholders are challenging the Federal Housing Finance Agency's actions involving Fannie Mae and Freddie Mac while they were in federal conservatorship (government control). The case asks whether FHFA's single-director structure violates separation of powers and whether courts must undo agency action taken under that structure.

Oral argument has not been scheduled yet. The case asks whether FHFA's leadership structure is unconstitutional and whether challenged agency action must be set aside.

The fight could affect FHFA's power over the two mortgage giants and whether past profit transfers to the Treasury can be challenged. That matters to shareholders, the federal government, and homeowners who depend on a stable housing-finance market.

Watch for the Court to schedule oral argument or make another move on its calendar. No decision window is available yet.

They want the Court to decide whether FHFA's single-director design is unconstitutional and whether agency action taken under it must be set aside.

It could affect Treasury profit transfers, FHFA's future authority, and confidence in the housing-finance system that supports many mortgages.

The next big step is oral argument being scheduled. Until then, there is no clear timeline for when the justices may act.