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Five more years is how long fund manager Bruce Berkowitz says that it may take to resolve his legal battle with the U.S. government over Fannie Mae and Freddie Mac’s billions in profits, Bloomberg News reported yesterday. “From beginning to end, it could be a 10-year process,” said Berkowitz, whose Fairholme Fund holds one of the largest stakes in the mortgage-finance giants. It’s already been more than four years. Berkowitz, hedge fund manager Bill Ackman and several other investors sued the government over its 2012 decision — under the provisions of a crisis-era bailout — to seize all of Fannie and Freddie’s earnings. So far, federal judges have upheld the legality of that profit sweep. Berkowitz said he’d like to see President Donald Trump release Fannie and Freddie from government control and turn them over to shareholders, moves the Obama administration resisted. If Trump’s Treasury Department doesn’t take action quickly, Berkowitz said he’ll bring his case to the U.S. Supreme Court.

Fannie Mae, the government-controlled mortgage finance giant, said on Tuesday that it had stopped selling properties to the firm, Vision Property Management, after conducting a review of the firm’s rent-to-own program, which operates in more than a dozen states, the New York Times reported today. The mortgage finance company will also impose restrictions on future sales of foreclosed homes to firms that engage in abusive forms of seller financing — which includes selling homes on either rent-to-own leases or in long-term installment agreements known as contract for deed. The policy change by Fannie could put a big crimp in the business model of certain investment firms that have sprouted up since the financial crisis. These firms buy foreclosed homes on the cheap and sell them to people unable to qualify for a conventional mortgage.