The purposes of this title 11 See References in Text note below. include the partition of the Federal National Mortgage Association as heretofore existing into two separate and distinct corporations, each of which shall have continuity and corporate succession as a separated portion of the previously existing corporation. One of such corporations, to be known as Federal National Mortgage Association, will be a Government-sponsored private corporation, will retain the assets and liabilities of the previously existing corporation accounted for under section 1719 of this title, and will continue to operate the secondary market operations authorized by such section 1719. The other, to be known as Government National Mortgage Association, will remain in the Government, will retain the assets and liabilities of the previously existing corporation accounted for under sections 1720 1 and 1721 of this title, and will continue to operate the special assistance functions and management and liquidating functions authorized by such sections 1720 1 and 1721.
Notes of Decisions
Lightfoot v. Cendant Mortg. Corp., 137 S. Ct. 553 (2017).
“" 12 U.S.C. § 1716b. Ginnie Mae "remain[ed] in the Government" and took over "the special assistance functions and management and liquidating functions.”
Perry Capital LLC v. Mnuchin, 864 F.3d 591 (D.C. Cir. 2017).
“476 , 636 (1968) (codified at 12 U.S.C. § 1716b). Congress created Freddie Mac in 1970 to “increase the availability of mortgage credit for the financing of urgently needed housing.”
Caroline Herron v. Fannie Mae, 861 F.3d 160 (D.C. Cir. 2017).
“Fannie Mae’s organic statute, see 12 U.S.C. §§ 1716b, 1718(a), 1723(b), does not place it “under the direction and control of federal governmental appointees,” cf.”
Herron v. Fannie Mae, 857 F. Supp. 2d 87 (D.D.C. 2012).
· cites it 3× “476 (1948), codified in part at 12 U.S.C. § 1716b). The statute that created Fannie Mae provided: The purpose of this title includes the partition of the Federal National Mortgage Association as heretofore existing into two separate and distinct corporations .”
Perry Capital LLC v. Steven Mnuchin, 848 F.3d 1072 (D.C. Cir. 2017).
· cites it 2× “476 , 536 (1968) (codified at 12 U.S.C. § 1716b). Congress created Freddie Mac in 1970 to “increase the availability of mortgage credit for the financing of urgently needed housing.”
Lightfoot v. Cendant Mortg. Corp, 137 S. Ct. 533 (2017).
“” 12 U. S. C. §1716b. Ginnie Mae “remain[ed] in the Government” and took over “the special assistance functions and manage- ment and liquidating functions.”
Crystal Lightfoot v. Cendant Mortg. Corp., 769 F.3d 681 (9th Cir. 2014).
· cites it 2× “476 , 536 (1968) (codified as amended at 12 U.S.C. § 1716b). Both Fannie Mae and Ginnie Mae remained federally chartered, but Fannie Mae became entirely privately owned and Ginnie Mae became entirely federally owned.”
Collins v. Yellen, 594 U.S. 220 (2021).
“536 , 12 U. S. C. §1716b; Financial Institutions Reform, Recovery, and En- forcement Act of 1989, §731, 103 Stat.”
Shawnee Bank, Inc. v. Paige, 488 S.E.2d 20 (W. Va. 1997).
· cites it 2× “12 U.S.C. § 1716b (1968) (1994 Ed.). Several courts have addressed the question of whether the post-partition FNMA is a government agency or instrumentality.”
Michael Rop v. Fed. Hous. Fin. Agency, 50 F.4th 562 (6th Cir. 2022).
“476 , 536 (1968) (codified at 12 U.S.C. § 1716b). Congress created Freddie Mac in 1970 to “increase the availability of mortgage credit for the financing of urgently needed housing.”
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