Fannie Mae, Freddie Mac lawsuit win might be appealed to the Supreme Court, Steven Mnuchin says

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Fannie Mae, Freddie Mac lawsuit win might be appealed to the Supreme Court, Steven Mnuchin says
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A federal appeals court last week overturned a prior ruling that had favored the government's continued collection of the two companies' profits.

The government is weighing whether a recent court win for mortgage giants Fannie Mae and Freddie Mac should be appealed to the Supreme Court, Treasury Secretary Steven Mnuchin told CNBC on Tuesday.

The panel of federal judges in New Orleans ruled that the mortgage lenders can pursue claims that the Treasury's profit-sweeping is illegal, multiple outlets reported. The judges also found that the structure of the Federal Housing Finance Agency, which regulates Fannie and Freddie, is unconstitutional, according to reports.

"There's two parts of it. One is obviously the cash-flow sweep, and that's what the Treasury is looking at," Mnuchin said.

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