Daisey Trust v. Federal Housing Finance Agency

FOR PUBLICATION

UNITED STATES COURT OF APPEALS

FOR THE NINTH CIRCUIT

DAISEY TRUST, by and through its No. 24-6433 trustee Eddie Haddad; CAPE D.C. No. JASMINE CT. TRUST, by and 2:23-cv-00978- through its trustee, Eddie Haddad;

APG-EJY

SATICOY BAY LLC, SERIES

10007 LIBERTY VIEW,

Plaintiffs - Appellants, OPINION

v.

FEDERAL HOUSING FINANCE

AGENCY; WILLIAM J. PULTE, * in his official capacity as the Director of the Federal Housing Finance Agency,

Defendants - Appellees.

Appeal from the United States District Court for the District of Nevada Andrew P. Gordon, Chief District Judge, Presiding

Argued and Submitted October 8, 2025 Las Vegas, Nevada

* We have substituted William J. Pulte as Defendant-Appellee pursuant to Federal Rule of Appellate Procedure 43(c). Filed January 2, 2026

Before: Mark J. Bennett, Gabriel P. Sanchez, and Holly A. Thomas, Circuit Judges.

Opinion by Judge H.A. Thomas

SUMMARY **

Federal Housing Finance Agency

The panel affirmed the district court’s dismissal with prejudice of plaintiffs’ amended complaint alleging that the funding mechanism for the Federal Housing Finance Agency (“FHFA”), as…