The Other Fannie and Freddie Lawsuit

(RECAP: Last year, a group led by the National Low-Income Housing Coalition sued Fannie’s and Freddie’s regulator, the FHFA, to lift the agency’s suspension of mandatory funding to affordable housing programs. In a decision this week, a federal judge dismissed the lawsuit, citing standing and jurisdictional concerns. At the center of the lawsuit was the National Housing Trust Fund. Now that the lawsuit has been dismissed — and since we now know that the government’s relationship with Fannie and Freddie will not be changing anytime soon — it’s time for the FHFA to make good on Fannie’s and Freddie’s legal obligations.)