A decision in the Court of Appeals case is expected by August." So yes, a joint letter from a collection of trade associations, such as the CMLA and CHLA, representing small lenders and affordable lending advocacy groups to FHFA Director Mel Watt. The letter urged Director Watt to order a suspension of the dividends that Fannie and Freddie are paying on the senior preferred stock held by the U.S. Treasury in order to permit the GSEs to rebuild their capital. "Our organizations are deeply concerned that under the Preferred Stock Purchase Agreements with the Treasury Department, the capital buffers of Fannie Mae and Freddie Mac will be completely eliminated by the end of 2017. This course of action is likely to destabilize the housing economy, undermine efforts to make housing finance more accessible and affordable, and drive up the costs of homeownership...