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On
Thursday, April 2, NAMB withdrew its lawsuit against the FHFA. NAMB
invoked this strategic maneuver to assess means by which we can refute
the FHFA’s claim that no court may review their decisions while the
GSE's are in conservatorship. NAMB believes the FHFA's claim that
there are no legal limits on the arbitrary and unilateral use of their
conservatorship power is unprecedented and will prove detrimental to
consumers.
NAMB is currently assessing various means to challenge FHFA’s extraordinary claim. Those options include filing suit again with revised and expanded arguments directed at FHFA’s new claim.
NAMB will be holding a series of crucial meetings with individuals involved with the HVCC this week and will update the membership as information becomes available.
Documents
NAMB's Press Release on the withdrawal of its lawsuit against the FHFA
NAMB's Lawsuit Against the FHFA
NAMB Letter to Members on HVCC
NAMB's Donation Page
Final Version of HVCC
Last updated April 13, 2009
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