GSE Links
Your Starting Point for GSE News, Resources, and Information
"Ultimately, Truth Prevails"


Message Boards
Google Groups
Google Groups #2
iHub - FNMA
iHub - FMCC
Yahoo Message Board
Corner of Berkshire & Fairfax Message Board

Blogs
Howard on Mortgage Finance
Fiderer on GSEs
Bill Maloni
The Truth about Fannie and Freddie (Fan O. Fred)
REFinBlog
Fannie Mae Shareholders - Blogspot
FHFA Insights

Other
Fannie & Freddie Secrets
Stocktwits - FNMA
Stocktwits - FMCC
Seeking Alpha - FNMA
Seeking Alpha - FMCC
GlenBradford.com
Investors Unite
Insiders' Game - Fannie Mae & Freddie Mac
GSE Opinions
Free Fannie Mae Facebook Page

Twitter
Info and News Media Twitter Handles
@FFoscojr @mcelarier
@ckc12_rb @JoeSquawk (CNBC)
@dbracing01 @BeckyQuick (CNBC)
@NY1David - David Fiderer @JimCramer (CNBC)
@ethan2369 @HobbsieNY (CNBC)
@DoNotLose @RickSantelli (CNBC)
@30yrdream @DavidFaber (CNBC)
@JoshRosner @CarlQuintanilla (CNBC)
@fanofred_ @AndrewRSorkin (CNBC)
@led253 @GMorgenson (NY Times)
@hill_matt @CleaBenson (Politico)
@SleipnirPerkins @NickTimiraos (WSJ)
@_InvestorsUnite @CGasparino (Fox Business)
@RichardAEpstein @JonAPrior (Politico)
@pgray41 @theTreyGarrison
@FreeFannie @JoeLight (Bloomberg)
@nsintichakis @MarkCalabria (Cato Institute)
@D2_Duncan @levinsonc (Reuters)
@QTRResearch @jerome_corsi (Infowars)
@FannieGate101 Government
@mrfidlsticks @POTUS
@PTashner @realDonaldTrump
@LetgoofmyFannie @SenShelby
@BuchmanCraig @MaxineWaters
@denverprinter @MikeCapuano
@WildTwins1 @RepHensarling
@cevoltz @FSCDems
@TrainReckt @FinancialCmte
@jeremycain_usc @SenBobCorker
@timpagliara @kenblackwell
@Patswil @stevenmnuchin1
@SoCal4Lif
@aspit
@FHFA
@FannieMae
@FreddieMac
$FNMA, $FMCC
#FannieGate


Reference
FNMA FMCC
Short Sales:  OTCMarkets.com   OTCShortReport.com Short Sales:  OTCMarkets.com   OTCShortReport.com
FNMA Real Time Level 2 Quotes FMCC Real Time Level 2 Quotes
Fannie Mae Price on German Market Freddie Mac Price on German Market

Pro Publica Bailout List
12/05/2016 - The $187 Billion Fannie-Freddie Bailout Is a Big Half-Lie - Fiderer on GSEs
09/10/2015 - Forensic accounting in #FannieGate gets audited - HousingWire
02/15/2015 - After the Housing Crisis, a Cash Flood and Silence - NY Times
11/29/2011 - How Paulson Gave Hedge Funds Advance Word of Fannie Rescue - Bloomberg
07/08/2008 - Fannie, Freddie Adequately Capitalized: Lockhart - CNBC

Reference (pdf)
04/2015 - How the Fannie and Freddie Conservatorship Has Undermined the Resolution Process
03/18/2015 - Joshua Rosner - The Future of the U.S. Housing Finance System: Bringing the U.S. Residential Mortgage Finance System into the 21st Century - Scribd
02/09/2015 - The Conservatorships of Fannie Mae and Freddie Mac: Actions Violate HERA and Established Insolvency Principles - Michael Krimminger and Mark Calabria
01/11/2015 - Treasury, The Conservatorships and Mortgage Reform - Tim Howard
05/05/2014 - It's Time to Get Off Our Fannie - Pershing Square Presentation at the Ira Sohn Conference
04/13/2011 - Wall Street & the Financial Crisis-Anatomy of a Financial Collapse
09/17/2008 - The Counterfeiting of Shares of Fannie Mae and Freddie Mac
Amended and Restated SPSPA - FHFA.gov
Questions and Answers on Conservatorship - Treasury.gov

Video
05/03/2016 - Executive Privilege- Secrets of Fannie & Freddie - Youtube
02/16/2016 - Liberty’s Nemesis: The Unchecked Expansion of the State
02/21/2016 - Making a Bagholder - Episode 1
Reps Capuano, Duffy Interrogate Treasury Sec Jacob Lew
Rep. Mulvaney Questions FHFA Director Mel Watt
Rep Mulvaney Interrogation of Treasury Secretary Jacob (Jack) Lew
Fannie Mae and Freddie Mac Given Clean Bill of Health - Warren Buffett
Poliquin Questions Federal Housing Finance Agency Director Mel Watt
Royce Elicits Lew Support for GSE Reform Building Blocks, 6/17/2015
Rep. Hill questions Federal Housing Finance Agency Director at Financial Services Committee Hearing
Senator Warren Asks FHFA Director Mel Watt About Principal Reduction
FHFA's Role: Manage Fannie and Freddie Under Current Statutory Mandates
The Future of Fannie Mae and Freddie Mac
01/27/2015 - Mel Watt Speaking to the House Financial Services Comittee
2010 - Inside Job (Full Movie)
2008 - Larry Summers describes "stealth" program to feed banks $180 billion through GSEs

Court Filings
See the Court Filings Archive page for a longer list of the court filings.
GSE Litigation Summary - Bankrupt.com

Fairholme v. U.S.
08/14/2017 - Plaintiffs' Second Motion to Compel
08/14/2017 - Appendix
06/30/2017 - Joint Status Report
06/26/2017 - Order
06/19/2017 - Notice
06/15/2017 - Order
07/09/2013 - Fairholme's Complaint

Perry v. Mnuchin
07/24/2017 - Mandate
07/24/2017 - Mandate
07/17/2017 - Opinion
07/17/2017 - Order

Cacciapalle v. U.S.
03/14/2016 - Joint Status Report
06/13/2013 - Class Action Complaint

Saxton v. FHFA (Iowa)
07/12/2017 - Reply Brief of Plaintiffs-Appellants
06/27/2017 - Brief for the Treasury Department
06/27/2017 - Brief of Defendants-Appellees the Federal Housing Finance Agency, as Conservator for Fannie Mae and Freddie Mac, and FHFA Director Melvin L. Watt
05/28/2015 - Plaintiffs’ Complaint for Declaratory and Injunctive Relief and Damages

Washington Federal v. U.S.
03/22/2017 - Notice of Appearance of Additional Attorney for Plaintiffs
03/11/2016 - Joint Status Report
02/26/2016 - Judge Sweeney Order
06/10/2013 - Washington Federal Original Complaint

Rafter v. U.S.
02/09/2017 - Order
09/02/2015 - Amended Verified Complaint
09/01/2015 - Defendant’s Response to Plaintiffs’ Motion for Leave to File an Amended Complaint

Arrowood v. U.S.
02/09/2017 - Order
09/18/2013 - Arrowood Indemnity Initial Complaint

Jacobs and Hindes v. FHFA (Delaware)
07/24/2017 - Application for Oral Argument
07/18/2017 - Notice of Appearance
08/17/2015 - Class Action and Derivative Complaint

Piszel v. U.S.
08/11/2017 - Brief for the United States in Opposition
06/08/2017 - Brief of the Cato Institute and the Southeastern Legal Foundation as Amici Curiae in Support of Petitioner
05/09/2017 - Petition for a Writ of Certiorari
05/09/2017 - Petition for a Writ of Certiorari
06/12/2015 - Memorandum Opinion and Order 

Robinson v. FHFA (Kentucky)
07/14/2017 - Letter to the Court
06/27/2017 - Order
06/22/2017 - Unopposed Motion to Enlarge Oral Argument Time to Twenty Minutes Per Side
10/23/2015 - Plaintiff’s Complaint for Declaratory and Injunctive Relief

Roberts v. FHFA (Illinois)
08/07/2017 - Brief of Defendants-Appellees The Federal Housing Finance Agency and FHFA Director Melvin L. Watt
08/07/2017 - Brief for the Treasury Department
06/13/2017 - Order
06/13/2017 - Unopposed Motion for a 30-Day Extension of Time to File Response Briefs
02/10/2016 - Plaintiffs’ Complaint for Declaratory and Injunctive Relief

Reid v. U.S.
02/09/2017 - Order
02/25/2016 - Joint Motion for Enlargement of Time to Respond to Complaint and Adoption of Briefing Schedule
02/26/2014 - Verified Shareholder Derivative Complaint

Fisher v. U.S.
03/09/2016 - Joint Status Report
02/26/2016 - Judge Sweeney Order
08/26/2013 - Verified Shareholder Derivative Complaint

Edwards v. Deloitte
07/21/2017 - Order
07/19/2017 - Appellants’ Unopposed Motion for Extension of Time to Serve Principal Brief
07/17/2017 - Order
03/01/2016 - Initial Complaint

Edwards v. PricewaterhouseCoopers
11/01/2016 - Court Hearing Transcript
10/31/2016 - Final Order of Dismissal and Order Denying All Pending Motions as Moot
03/09/2016 - Initial Complaint

Pagliara v. Fannie Mae
05/31/2017 - Opinion
05/01/2017 - Court of Chancery Judicial Action Form
05/01/2017 - Additional Documents #4
05/01/2017 - Additional Documents #3
03/14/2016 - Verified Complaint

Pagliara v. Freddie Mac
01/30/2017 - Rule 42(b) Mandate
01/30/2017 - Order
01/30/2017 - Appellees’ Response to Motion to Dismiss Pursuant to Federal Rule of Civil Procedure 42(b)
03/14/2016 - Complaint for Inspection of Corporate Records

Collins v. FHFA
07/21/2017 - Unopposed Motion for Extension of Time to File FHFA Defendants’ Response Brief
07/20/2017 - Memorandum to Counsel
07/20/2017 - Unopposed Motion for A 30-Day Extension of Time to File Defendants’ Response Briefs
07/19/2017 - Brief of Plaintiffs-Appellants
10/20/2016 - Plaintiffs’ Complaint for Declaratory and Injunctive Relief

Rop v. FHFA
07/27/2017 - Plaintiffs’ First Amended Complaint for Declaratory and Injunctive Relief
07/24/2017 - Order
07/14/2017 - Certificate of Compliance With Local Rule 7.1(d) Regarding Plaintiffs’ Motion for Leave to File Amended Complaint Under Seal
07/14/2017 - Plaintiffs’ Brief in Support of Motion for Leave to File Amended Complaint Under Seal
07/14/2017 - Plaintiffs’ Unopposed Motion for Leave to File Amended Complaint Under Seal
06/01/2017 - Plaintiffs’ Complaint for Declaratory and Injunctive Relief

Bhatti v. FHFA
08/04/2017 - Plaintiffs’ First Amended Complaint for Declaratory and Injunctive Relief
07/18/2017 - Briefing Order
07/17/2017 - Letter to Judge Schiltz
06/22/2017 - Plaintiffs’ Complaint for Declaratory and Injunctive Relief

Cause of Action Institute v. DOJ
07/18/2017 - Complaint

Archives
July 2017
June 2017
May 2017
April 2017
March 2017
February 2017
January 2017
December 2016
November 2016
October 2016
September 2016
August 2016
July 2016
June 2016
May 2016
April 2016
March 2016
February 2016
January 2016
December 2015
November 2015
October 2015
September 2015
August 2015
July 2015
June 2015
May 2015
April 2015
March 2015
February 2015

In the News
Thursday August 17th 2017
New filing in the Fairholme case.
Peter Chapman writes, "Under seal, our government filed its response (Doc. 386) to Fairholme's second motion to compel this afternoon. A redacted copy should be filed in the coming days or weeks."
"It seems like they can stay in that holding pattern for the foreseeable future," Kashkari says...via @josephlawler - Twitter
Freddie Mac names Stacey Goodman chief information officer - HousingWire
Pershing H1: Recent DC Action On Fannie Not Priced Into Shares - ValueWalk

Wednesday August 16th 2017
Taking Over Fannie And Freddie: Perjury Or Bust? - Seeking Alpha by Glen Bradford
Shareholders Press Government to Stop Postponing the Inevitable - Investors Unite
Pershing Square 2Q Conference Call - webcaster4.com
GSE comments start at 48:42.
Frannie gets boost from Ackman comments - Seeking Alpha
Fannie, Freddie Earnings Could Hit $10 Billion in 3Q17 Thanks to RBS Settlement - Inside Mortgage Finance
Fannie, Freddie continue efforts to reduce mortgage portfolio - mpamag.com

Tuesday August 15th 2017
Fannie Mae Prices $1.069 Billion Connecticut Avenue Securities Risk Sharing Deal - Business Insider
Short Takes: What REITs and Fannie & Freddie Have in Common... - Inside Mortgage Finance
No Need For GSE Reform? - American Action Forum

Monday August 14th 2017
New filing in the Fairholme case, click here to view.
Peter Chapman writes, "A redacted version of Fairholme's second motion to compel (to allow the lawyers to see about 1,500 documents the government continues to withhold) is (linked above) and the Appendix to Fairholme's request is posted at http://bankrupt.com/misc/13-465-0385-Appendix.pdf"
More Government Contradictions, Questions and Secrecy - Investors Unite
Three New Documents Unsealed - fanniefreddiesecrets.org
Click on 'Unsealed Documents - August 10, 2017'
KBW Weighs in on GSE Earnings, PSPA Lawsuits, Says Stocks are Worth $1 Each - Inside Mortgage Finance
Fannie and Freddie are quietly unloading more mortgage risk to bondholders - The Real Deal
Investors Take On Mortgage Risk From Fannie Mae, Freddie Mac - WSJ
Subscription required for access.
Fannie and Freddie face the moment of truth on their taxpayer bailouts - The Hill
Regulatory Reboot: Tax Reform, Finance Top Industry’s Policy Agenda - cpexecutive.com
“The existing multifamily programs at Fannie and Freddie, which performed well through the crisis and already involve meaningful risk-sharing with the private sector, should be preserved in some form as options in a future system,” noted the committee’s chairman, Sen. Mike Crapo (R-Idaho).

Friday August 11th 2017
New filing in the Piszel case, click here to view.
Peter Chapman writes, "Our government filed its brief opposing Mr. Piszel's petition for a writ of certiorari yesterday. Our government urges the High Court to reject Mr. Pizel's petition; rubber stamp FHFA's directive to Freddie Mac to repudiate Mr. Pizel's employment contract and pay him nothing; and tell Mr. Piszel he shouldn't have relied on the terms of his employment agreement because he accepted employment in a highly regulated industry."
How to fix Fannie and Freddie to give Americans affordable housing - The Hill
Federal Stress Tests Make Compelling Argument To End Fannie And Freddie Net Worth Sweep - Infowars
MBA President Stevens defends need for multiple guarantors in GSE reform - HousingWire

Thursday August 10th 2017
Mel Watt's Letter to the NAR via @joelight - Twitter
FHFA Chief Concerned about GSE Zero Capital Buffer, but Doesn’t Want to Promote ‘Recap and Release’ - Inside Mortgage Finance
Fannie Mae begins marketing fourth re-performing loan sale - HousingWire
Paulson Tries Going Back To Basics But Losses Mount - ValueWalk

Wednesday August 9th 2017
Fannie and Freddie will stick with FICO formula for at least two more years - The Washington Post
HUD: Enough is Enough - DS News
"Carson added that by pursuing housing finance reform, the Trump administration seeks to 'unwind the federal government’s role in the private mortgage market and ease the stress on rental markets.'"
Debt limit debate complicated by Fannie, Freddie dividends - American Banker
Subscription required for full access.

Tuesday August 8th 2017
New filing in the Roberts case, click here to view.
Peter Chapman writes, "FHFA filed its brief in the Seventh Circuit yesterday evening containing its familiar arguments, and a copy is (linked above)."
More Questions than Answers about Conservatorship Capital Framework - Investors Unite
Fannie and Freddie to US: Hey, if things don’t work out can I have $100B? - The Real Deal
In Stress Test Case, GSEs Would Need Another $100 Billion - Mortgage News Daily
Wizarding Ways - Don't Go There - Seeking Alpha

Monday August 7th 2017
New filing in the Roberts case, click here to view.
Peter Chapman writes, "Treasury filed its brief in the Seventh Circuit today, recycling what it's argued in other cases, and a copy is (linked above)."
FHFA Announces Results of Fannie Mae and Freddie Mac Dodd-Frank Act Stress Tests - fhfa.gov
Fannie and Freddie could need $100 billion bailout in next crisis, stress test finds - MarketWatch
Fannie-Freddie Might Need $100 Billion in New Crisis, FHFA Says - Bloomberg
Fannie, Freddie would need up to $100 billion from Treasury in a crisis - Washington Examiner
GSE Capital Put to the Test - DS News
Stress tests results are out for Fannie Mae and Freddie Mac - Seeking Alpha
Fannie, Freddie Dividend Policy Implications via @GSEobserver - Twitter
Fairholme Predicts Trump’s DOJ Will See (GSE) Things Its Way - Inside Mortgage Finance
It starts with rental housing: 3 key considerations for housing finance reform - HousingWire
Blog: Doubts raised over GSE dividend payments - Scotsman Guide

Sunday August 6th 2017
Are credit risk transfers fatally flawed? - Fiderer on GSEs

Friday August 4th 2017
New filing in the Sammons (W.D. Texas) case, click here to view.
Peter Chapman writes, "Mr. Sammons is asking for a rehearing before the Fifth Circuit, and a copy of his petition is (linked above)."
New filing in the Bhatti case, click here to view.
Peter Chapman writes, "The Bhatti Plaintiffs delivered their Amended [and condensed] Complaint to the to the U.S. District Court for the District of Minnesota today, and a copy of that document is (linked above)."
Fannie & Freddie Both Changed The Way They Talk About Their Dividends, And It's Not By Accident - benzinga
What We’re Hearing: The Clock is Ticking / Ivanka Trump, the GSEs, Mary Bailey and the Debt Ceiling... - Inside Mortgage Finance
One part of GSE reform is already working - American Banker
Fannie and Freddie Echo FHFA's Conservatorship Concerns - Mortgage News Daily
Housing-finance system doesn't need big fix - Scotsman Guide
Fairholme Funds Semi-Annual Report 2017 - fairholmefundsinc.com

Thursday August 3rd 2017
New update in the Fairholme case.
Peter Chapman writes, "Discovery isn't over in Fairholme v. U.S. Under seal, Fairholme filed a second motion to compel this afternoon in order for its lawyers and other parties to Judge Sweeney's protective order to obtain access to documents the government continues to claim are privileged. A redacted copy of today's filing (Doc. 384) should be filed in the coming days or weeks."
Fannie Mae Reports Net Income of $3.2 billion and Comprehensive Income of $3.1 billion for Second Quarter 2017 - fanniemae.com
Congress wouldn’t do it, so Fannie and Freddie reformed themselves - MarketWatch
Fannie Mae posts $3.2B profit in 2Q; to pay $3.1B dividend - ABC News
Fannie Mae Posts Strong 2Q Profit, Will Pay Treasury $3.1B ‘If FHFA Declares a Dividend in This Amount’ - Inside Mortgage Finance
Fannie Mae earns $3.1B in Q2 - slated for Treasury - Seeking Alpha
Short Takes: By September 30, the FHFA will Change the GSE Dividend Payment?... - Inside Mortgage Finance
Here are the FNMA 10-Q changes from Q1 to Q2...via @wking333 - Twitter
ICBA Statement on Second Quarter 2017 GSE Earnings - icba.org
Freddie Mac to Initiate New Single Security-Related Investor Disclosures - MarketWatch
Conflicting Views on Need for New Credit Scoring Models - Mortgage News Daily
BlackRock document refutes Hank Paulson's story about GSE capital - Fiderer on GSEs

Wednesday August 2nd 2017
The Fannie Freddie Document Treasure Trove - Forbes
By Richard Epstein
The abuse of Freddie and Fannie Mae - The Washington Times
FHFA Director Mel Watt Rules Out G-Fee Cut - Inside Mortgage Finance
Short Takes: Freddie Moves Closer to SFR Financing / Room for GSE Legislation to Get Done?... - Inside Mortgage Finance
Senate to consider bill to end “FICO monopoly” at Fannie Mae and Freddie Mac - HousingWire
Another taxpayer bailout looming - cincinnati.com

Tuesday August 1st 2017
Freddie Mac Reports Net Income of $1.7 Billion and Comprehensive Income of $2.0 Billion for Second Quarter 2017 - freddiemac.com
Freddie Mac Says It Will Pay $2 Billion to Taxpayers -- Maybe - Bloomberg
Freddie Mac posts $1.7B net income in Q2; pays $2B dividend - ABC News
A 25 Percent Earnings Decline for Freddie Mac; ‘Account Surplus’ with Uncle Sam will Swell to Almost $39 Billion - Inside Mortgage Finance
Short Takes: Freddie’s CEO Comments on Declining Capital Buffer / This is Not Your Parent’s Freddie Mac... - Inside Mortgage Finance
The days of Freddie Mac just quietly remitting xxx to Treasury are over...via @ARiquier - Twitter
Freddie Mac's (FMCC) CEO Don Layton on Q2 2017 Results - Earnings Call Transcript - Seeking Alpha
Announced today?: #GSE "risk management and business decisions during conservatorship" CCF initiative via @presvnconsv - Twitter
@wking333 highlights language changes in Freddie Mac's 10-Q - Twitter
Tim Howard comments on the language changes in Freddie Mac's 10-Q - Howard on Mortgage Finance
12 U.S. Code § 4617(a)(3)(A)-(L) as it Relates to the Regulated Entities - th717.wordpress.com
Opinion: Small lenders want GSEs preserved - Scotsman Guide
Why The US Doesn't Need Fannie Mae And Freddie Mac - benzinga
Fannie Mae Monthly Summary June 2017 - fanniemae.com
Bipartisan Senate bill would force Fannie, Freddie to think outside FICO - American Banker
Subscription required for full access.
Prepared Remarks of Melvin L. Watt, Director of FHFA at the National Association of Real Estate Brokers' 70th Annual Convention - fhfa.gov
Jerome Corsi: Alex Jones Infowars (8.01.17)(pt-4) Real News! - Youtube
Jerome Corsi claims, at 8:45, that the Trump administration will allow the GSEs to recapitalize this year.

Monday July 31st 2017
A Pattern of Deception - Howard on Mortgage Finance
A cautionary note for those intent on gutting GSEs - American Banker
Additional Government Documents Unsealed in GSE Shareholder Case - Inside Mortgage Finance
New Docs Support Fannie Mae and Freddie Mac Shareholders in Court - Infowars
Fannie Mae Announces Scheduled Release of Second Quarter 2017 Financial Results - fanniemae.com
"Fannie Mae today announced plans to report its second quarter 2017 financial results on Thursday morning, August 3, 2017, before the opening of U.S. financial markets."

Sunday July 30th 2017
Michael Kimelman: How Obama committed "biggest theft in history" - Youtube
Amended Complaint Shows Government Lied To Public About GSEs - Seeking Alpha by Glen Bradford

Saturday July 29th 2017
Obama Looted Fannie Mae and Freddie Mac - American Thinker
Freddie Mac Announces Release Date for Second Quarter 2017 Financial Results - freddiemac.com
2Q results will be released on Tuesday, August 1st.
High Court Bid Planned by Fannie/Freddie Investors - cftn.news
Subscription required for full access.
H.R.3556 - To require Fannie Mae and Freddie Mac to engage in credit risk transfer transactions, and for other purposes - congress.gov
05/18/2017 - Sen. Corker makes his '75 days' comment to Treasury Secretary Mnuchin - C-SPAN (Video)

Friday July 28th 2017
New Documents Give Hope to Fannie Shareholders Seeking Redress - Bloomberg
Fannie And Freddie Investors Hope New Unsealed Court Documents Are The Smoking Gun They Need - benzinga.com
Mnuchin Mum on Trump Administration’s Plans for GSE Reform at Hearing - Inside Mortgage Finance
Fannie, Freddie reformer Rep. John Delaney running for president in 2020 - HousingWire
Obama’s “bailout” ripoff, PLUS: Our proud British past (Mike Kimelman, Kevin Donnelly) - therebel.media
This appears to be a podcast that you have to subscribe to. Concerning the GSEs, they state "Nobody is talking about this but it’s the biggest theft in human history."

Thursday July 27th 2017
New recording in the Robinson case.
Peter Chapman writes, "A recording of the oral arguments presented to the Sixth Circuit today is now available at https://goo.gl/ZxmZxr at no charge."
New filing in the Perry case, click here to view.
Peter Chapman writes, "Judge Lamberth received the D.C. Circuit's mandate this week, and a copy of the court filing recording that event is (linked above)."
New filing in the Rop case, click here to view.
Peter Chapman writes, "The Rop Plaintiffs filed their First Amended Complaint today, and a copy is attached to this e-mail message. Direct your attention to paragraphs 29, 34, 61, 62, 69, 74, 75, 77, 86, 89, 90, 96, 97, 101, 102 and 104 in the Amended Complaint if the latest revelations that have come to light in Fairholme v. U.S. make any difference."
Statement Of Steven T. Mnuchin Secretary, United States Department Of The Treasury Before The Committee On Financial Services, United States House Of Representatives - mondovisione.com
Mnuchin: Housing finance reform still a priority for Trump administration - HousingWire
Mnuchin says there can't be an "implicit" govt guarantee...via @ABWashBureau - Twitter
Fannie, Freddie Transfer $5.5B Through Popular CRT Program - Inside Mortgage Finance
Individuals With Access to Protected Information in Fairholme v. U.S. – glenbradford.com
In 2009, a former Treasury official tasked w helping devise the sweep told me...via @JoshRosner - Twitter
MBA's Mortgage Reform Voodoo Economics - Scribd
By Josh Rosner

Wednesday July 26th 2017
New filing in the Perry case, click here to view.
Peter Chapman writes, "The D.C. Circuit issued its mandate this week to formally pass jurisdiction over over GSE shareholder litigation back to Judge Lamberth."
Fiscal Year 2018 Treasury Department Budget Request - C-SPAN
Treasury Secretary Mnuchin talks about the GSEs at the 31 minute mark.
The New York Times and Rolling Stone Smeared A Retired Civil Servant - Breitbart
Carney Tries (and fails) To Claim The NYT and Rolling Stone “Smeared” Ugoletti - Valueplays
Whalen: Future of Fannie, Freddie not the real issue with GSE reform - HousingWire
Tim Howard comments on the administrative impact of the newly released documents - Howard on Mortgage Finance
Here’s what it looks like when the foreclosure ‘pig’ moves through the housing-crisis ‘python’ - MarketWatch
FHFA Updates Progress on Fannie Mae and Freddie Mac Credit Risk Transfer Programs - fhfa.gov
July 26, 2017 Investors Unite Teleconference with Tim Pagliara and Cooper & Kirk Partner, Pete Patterson - Investors Unite

Tuesday July 25th 2017
Unsealed documents show Fannie, Freddit bailout details - CNBC Video
Featuring Josh Rosner and Dick Bove.
Newly Released Documents Show Government Misled Public on Fannie/Freddie Takeover - Rolling Stone
By Matt Taibbi
Fanniegate: The Cover-Up Unravels – HINDESight
By Gary Hindes
New Docs Undermine Government's Legal Defense Of GSE NWS - Seeking Alpha by Glen Bradford
More Damaging Documents Released Against Government in GSE Lawsuit - Inside Mortgage Finance
Unsealed Court Docs Paint Fannie/Freddie as Congressional Cash Cow - Mortgage News Daily
Greta Van Susteren tweets that we need an investigation into Fannie and Freddie - Twitter
Secret Treasury Documents Shed Light On Changes To Bailout of Fannie and Freddie - Breitbart
Fannie, Freddie are irrelevant to a government-backed mortgage system - National Mortgage News
By Christopher Whalen
Freddie Mac Monthly Volume Summary June 2017 - freddiemac.com
Fannie Docs Release Show Stunning Scope of Government Dishonesty - Valuewalk
Gangster Government Revisited - powerlineblog.com
Increased Black Homeownership Focus Of NAREB Convention In New Orleans - prnewswire.com
Occurs from July 28 - August 1. Mel Watt will be speaking.

Monday July 24th 2017
New filings in the Collins case.
17-20364-00514082225
17-20364-00514082332
17-20364-00514084623
Peter Chapman writes, "Treasury asked the Fifth Circuit for 30 additional days to file its brief. The Court granted Treasury 20 additional days. Treasury's brief is now due Sept. 8. FHFA is asking the Fifth Circuit for a similar extension to Sept. 8 to file its brief."
New filing in the Deloitte case, click here to view.
Peter Chapman writes, "The Eleventh Circuit entered an order Friday extending the deadline for the Edwards Plaintiffs to file their opening brief to Oct. 2, 2017."
New filing in the Sammons v. U.S. (W.D. Texas) case, click here to view.
Peter Chapman writes, "Mahesha P. Subbaraman at Subbaraman PLLC in Minneapolis filed a notice of appearance in the Fifth Circuit today on Mr. Sammons' behalf. Mr. Subbaraman's Web site at http://www.subbaramanpllc.com/ indicates that he's an appellate lawyer. "
New filing in the Rop case, click here to view.
Peter Chapman writes, "Judge Maloney entered an order this afternoon denying the Rop Plaintiffs' motion to file their Amended Complaint under seal. Judge Maloney will allow the Rop Plaintiffs to file a redacted version."
New filings in the Jacobs and Hindes case.
15-00708-0072
15-00708-0073
Peter Chapman writes, "Messrs. Jacobs and Hindes are asking Judge Sleet to entertain oral argument on FHFA, Fannie and Treasury's motions to dismiss. A copy of that request (Doc. 73), filed today, is (linked above). Last week, R. Charlie Merritt, representing Treasury, entered his appearance, and a copy of that notice (Doc. 72) is also (linked above)."
U.S. Foresaw Better Return in Seizing Fannie and Freddie Profits - NY Times
By Gretchen Morgenson
Unsealed Documents - fanniefreddiesecrets.org
Click on the heading 'Unsealed Documents - July 19, 2017
More Documents, More Proof of a Scheme to Illegally Pilfer Fannie and Freddie - Investors Unite
Newly unsealed documents reveal real reason for Fannie, Freddie profit sweep - HousingWire
Tim Howard comments on the newly unsealed documents - Howard on Mortgage Finance
Treasury &FHFA Documents Demonstrating Obama Admin Violation of Law – Scribd
By Josh Rosner
Freddie Mac going 'anti-home owner' by investing in rental... - CNBC Video
Josh Rosner and Dick Bove try to discuss the newly unsealed documents
Largest financial crime in U.S history... via @BlackPacificCap - Twitter
An excerpt from the CNBC video.
Proof Positive Obama Administration Stole Dividends From Fannie And Freddie Shareholders - Infowars
Corruption Exposed! This Could Be THE END for Obama’s Legacy! - truthfeed.com
Investors Unite: Media Teleconference at 9:30am EDT Tuesday on Unsealed Documents with Plaintiff Attorney - prnewswire.com
Building a mortgage meltdown for the rental market - NY Post
Court of Chancery Dismisses Complaint Seeking to Enforce a Stockholder’s Section 220 Demand - The National Law Review
The article discusses the Pagliara v. Fannie Mae case.
How Freddie’s single-family rental strategy differs from Fannie’s - National Mortgage News

Friday July 21st 2017
Small Lenders United in Opposition to Big Bank Plans to Replace Fannie and Freddie - Investors Unite
The reason small lenders are leery of GSE reform - American Banker
Fannie Mae prices $1.35 billion credit risk sharing transaction - mpamag.com
Fannie, Freddie Head to Another Record Year - cmalert.com
CUNA housing reform principles brought to Senate Banking Committee - cuna.org
Brown Opening Statement at Committee Hearing on Housing Finance Reform: Maintaining Access for Small Lenders - senate.gov
Small lenders fear GSE reform would resurrect bulk discounts for big banks - American Banker
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Thursday July 20th 2017
Housing Finance Reform: Maintaining Access for Small Lenders - senate.gov
With video
ICBA to Congress: Enact Fair and Prudent Housing Finance Reform - icba.org
Small lenders to Congress: Here’s the GSE reform we don’t want to see - HousingWire
Small lenders grab spotlight on reform debate - Scotsman Guide
Idaho Banker: High Time for GSE Reform - ABA Banking Journal
Fannie-Freddie Reform Hinges on Keeping Small Lenders Happy - Bloomberg
GSE’s Further Establishing Dominance - DS News
Single Security Praised by Urban Institute - Mortgage News Daily
Freddie Mac Follows Fannie Mae to Rental Market, With Affordability as Goal - NY Times
U.S. Fed buys $6.5 billion of mortgage bonds, sells $250 million - Reuters

Wednesday July 19th 2017
New filing in the Bhatti case, click here to view.
Peter Chapman writes, "Judge Schiltz entered an order yesterday directing the Bhatti Plaintiffs to file an amended complaint containing less than 10,000 words by Aug. 4; establishing this briefing schedule for FHFA and Treasury's motions to dismiss and the Bhatti Plaintiffs' motion for summary judgment:
-- FHFA and Treasury's motions to dismiss due by Sept. 15;
-- Bhatti Plaintiffs' response and motion for summary judgment due by Oct. 16;
-- FHFA and Treasury's reply and response due by Nov. 16; and
-- Bhatti Plaintiffs' reply due by Dec. 1; and
and setting these matters for hearing at 9:00 a.m. on Fri., Dec. 22, in Minneapolis."
New filing in the Collins case, click here to view.
Peter Chapman writes, "The Collins Plaintiffs delivered their opening brief to the Fifth Circuit today. The Collins Plaintiffs ask the Fifth Circuit to review these three issues:
(A) whether FHFA’s status as an independent agency headed by a single Director violates the separation of powers, thus requiring vacatur of its decision to impose the
Net Worth Sweep;
(B) whether FHFA exceeded its statutory authority as conservator by imposing the Net Worth Sweep, which prevents the Companies from preserving capital or being restored to soundness and solvency; and
(C) Whether 12 U.S.C. § 4617(f) bars Plaintiffs’ claim that Treasury violated its own obligations under HERA and the APA by imposing the Net Worth Sweep."
New filing in the Robinson case, click here to view.
Peter Chapman writes, "Ms. Robinson's lawyers advised the Sixth Circuit that in its opening brief filed in Saxton v. FHFA in the Eighth Circuit last month, Treasury concedes that HERA "instruct[s] the conservator to act in 'the best interests of the regulated entity or the Agency,'" and that statement is inconsistent with Treasury's position that FHFA can do whatever it wants."
New filings in the Deloitte case.
17-12852-0007
17-12852-0008
Peter Chapman writes, "The Eleventh Circuit told the parties to go talk to Judge Scola about changing the case caption in an order entered this week, and the Edwards Plaintiffs ask the Eleventh Circuit for a 60-day extension to file their opening brief."
PIMCO: Non-Agency Changes Needed Before GSE Reform - Inside Mortgage Finance
Federal Housing Finance Agency Proposes GSE Goals - jdsupra.com
Mortgages: The Danger of Capital-Free GSEs - nuwireinvestor.com
Freddie Mac Follows Fannie Mae to Rental Market, With Affordability as Goal - NY Times
If Housing is So Affordable, Why Doesn’t It Feel That Way? - freddiemac.com
Housing Finance Reform: Maintaining Access for Small Lenders - senate.gov
Occurs July 20 at 10:00 am

Tuesday July 18th 2017
New filing in the Bhatti case, click here to view.
Peter Chapman writes, "FHFA and Treasury sent Judge Schiltz a letter yesterday following a conference call with his Courtroom Deputy. FHFA and Treasury tell Judge Schiltz that they won't be able to file joint motions to dismiss and supporting briefs. The letter disclosed that the Bhatti Plaintiffs intend to file an amended complaint."
A new court action has been initiated. Cause of Action Institute v. DOJ. Click here to view.
Peter Chapman writes, "Cause of Action Institute filed a complaint in the U.S. District Court for the District of Columbia today seeking access, pursuant to the Freedom of Information Act, to all records transmitted from FHFA, Treasury and other agencies, to the House Committee on Financial Services. Chairman Hensarling, supposedly, has directed FHFA, Treasury, and other agencies to shield those records from public view."
Perry Reissue Legal Win For Fannie and Freddie Plaintiffs - Seeking Alpha by Glen Bradford
On Second Thought…Federal Court Concedes a Little on Shareholder Damage Claims - Investors Unite
Building A Better America A Plan for Fiscal Responsibility - house.gov
See the top of page 26.
Fannie Mae and Freddie Mac Would Be Privatized Under Proposed House Budget - The Street
Spot the difference between 2016 version of the House Budget vs 2017...via @Alec_Mazo - Twitter
The Future of Housing: Protecting Taxpayers and Ensuring a Robust Secondary Housing Market - pepperdine.edu
Occurs July 25th 8:30 - 9:30 PDT
Capital Buffer: Any Solution Will Be Dependent Upon The GSEs Being Capitalized (Fanniegate) (Volume 3) - Amazon
A new book by G Richard Bradford III
Housing Opinion GSE reform done right ensures a level playing field for all - National Mortgage NewsFinance Reform: First Things First - pimco.com

Monday July 17th 2017
New filings in the Perry case.
14-5243-1684471
14-5243-1684473
Peter Chapman writes, "The D.C. Circuit reissued its opinion in Perry v. Mnuchin today. Copies of the reissued opinion (Doc. 1684473) and an order explaining the changes (Doc. 1684471) are (linked above).
The sentence on page 68 of the Feb. 21 opinion citing Nemec for the proposition that, "What is arbitrary or unreasonable depends upon 'the parties' reasonable expectations at the time of contracting,'" has been deleted from the reissued opinion, and the D.C. Circuit tells Judge Lamberth at page 69 of the reissued opinion that he may need to hear more from the parties about GSE shareholders' reasonable expectations as he revisits GSE shareholder' claims for breach of contract and breach of the implied covenant of good faith and fair dealing regarding liquidation preferences and the claim for breach of the implied covenant with respect to dividend rights."
New filing in the Jacobs and Hindes case, click here to view.
Peter Chapman writes, "Treasury delivered its reply brief to Judge Sleet today. Our government sings its favorite "shareholders can't sue us" and "Delaware corporate law is irrelevant" ditties."
2nd filing in the Jacobs and Hindes case, click here to view.
Peter Chapman writes, "FHFA and Fannie Mae delivered their reply brief to Judge Sleet today. FHFA and Fannie Mae repeat their 4617(f) anti-injunction and shareholder succession arguments, say federal law controls, and add that even if Delaware and Virginia law were applicable, the Net Worth Sweep is permissible."
Pursuit of Shareholder Rights Alive and Well as Sixth Circuit Considers Appeal - Investors Unite
Opinion: MBA’s reform plan works - Scotsman Guide
UI: Single-Security Efforts Alleviated GSE Pricing Disparities - Inside Mortgage Finance

Friday July 14th 2017
New filings in the Rop case.
17-cv-00497-0011
17-cv-00497-0012
17-cv-00497-0013
Peter Chapman writes, "The Rop Plaintiffs filed a motion this afternoon asking the Court for permission to file its amended complaint under seal. Copies of the Rop Plaintiffs' motion, brief in support, and a related certificate are (linked above). The Rop Plaintiffs also filed a copy of their amended complaint under seal."
The Fed's Notion of Normalcy Is Hardly Normal - Bloomberg Quint
Governor Powell's Housing Speech Markup by Josh Rosner - Scribd
What We’re Hearing: Fairholme’s Berkowitz: Watt Will Fix the GSE ‘Zero Capital’ Problem... - Inside Mortgage Finance
Mortgage investors unfazed as Fed balance sheet plan looms - Reuters





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