Federal Judge Says Non-Judicial Fannie Mae Foreclosures Are Unconstitutional

Federal Judge In Rhode Island Rules Non-Judicial Fannie Mae Foreclosures Violate US Constitution

non-judicial fannie mae foreclosuresMFI-Miami lawyers and lawyers in non-judicial foreclosure states have been arguing that non-judicial Fannie Mae foreclosures are unconstitutional. Up until this past August, we have had limited success.
One of the roadblocks has been the question of Fannie Mae and Freddie Mac’s current status and their future. Is the conservatorship of Fannie Mae and Freddie Mac permanent or indefinite? In other words, are the GSEs private corporations temporarily under government control like when a private bank goes belly up? Or are Fanie Mae and Freddie Mac quasi-government agencies like Amtrak? 
This more than a question of semantics especially with trillions of dollars on the table. 

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