GSE Links

Thursday November 15 2018

New filing in Washington Federal vs. U.S., click here to view.

Peter Chapman writes, “Washington Federal filed a redacted copy of its amended complaint this afternoon for public consumption. Washington Federal continues to tell Chief Judge Sweeney the conservatorship proceedings were a sham from the beginning.”

New filing in Bhatti vs. FHFA.

Peter Chapman writes, “Treasury and FHFA delivered their briefs to the Eighth Circuit yesterday, urging it to affirm Judge Schiltz’s decision dismissing the Bhatti Plaintiffs’ lawsuit complaining about the constitutionality of FHFA’s structure in an attempt to undo the Net Worth Sweep.”

Click here to view Treasury’s brief.

Click here to view FHFA’s brief.

New filing in Jacobs vs. FHFA, click here to view.

Peter Chapman writes, “The Third Circuit released its opinion this morning, “reject[ing] the shareholders’ challenge on all fronts” because it “would restrain or affect [FHFA]’s exercise of its powers as conservator.”

Reuters: U.S. court rejects challenge over Fannie Mae, Freddie Mac profits

Wednesday November 14, 2018

New filing in Collins vs. FHFA, click here to view.

Peter Chapman writes, “The Fifth Circuit entered an order yesterday granting the parties’ rehearing requests and permitting oral argument.  Appellant briefs are due by Dec. 12, 2018, and responsive briefs are due by Jan. 11, 2019.”

DS News: An Update on GSE Conservatorship

Tuesday November 13, 2018

The Real Deal: Trump likely to take lead on Fannie/Freddie reform now that Dems control the House

Monday November 12 2018

Blueprint for Restoring GSEs to Safety and Soundness: One Year Later

Wall Street Journal: Mortgage Industry Braces for Trump Administration to Make Changes at Fannie, Freddie

American Banker: Firm advising GSE investors updates plan to end conservatorships

Inside Mortgage Finance: What We’re Hearing: The ‘Hensarling Effect’ / Team Trump, Not Congress, Will Reshape Read More

Friday August 31 2018

New filing in Collins vs. FHFA, click here to view

Peter Chapman writes, “FHFA filed a rehearing petition in the Fifth Circuit yesterday asking a larger panel of judges to take another look at whether the Collins Plaintiffs have Article III standing to bring their separation-of-powers claim and whether FHFA’s structure violates Article II of the Constitution.”

New filing in Cacciapalle vs. U.S., click here to view

Peter Chapman writes, “Judge Sweeney placed her stamp of approval on the parties’ request to delay briefing on class certification.”

New filing in Fairholme vs. U.S., click here to view

Peter Chapman writes, “The government responded to Fairholme’s request. The government wants Judge Sweeney to bring an end to the filing of amended complaints and asks her to set Sept. 12 as that deadline.  The government says it will file a fresh omnibus motion to dismiss amended complaints filed on or before Sept. 12 by Oct. 1.  Fairholme, in turn, respond by Oct. 23, and the government will file its reply by Jan. 22.”

Thursday August 30 2018

New filing in Jacobs vs. FHFA, click here to view

Peter Chapman writes, “FHFA notified the Third Circuit about the Saxton decision in a letter dated yesterday.”

New filing in Cacciapalle vs. U.S., click here to view

Peter Chapman writes, “The parties want Judge Sweeney to place her stamp of approval on their agreement to delay further briefing about class certification until after she’s ruled on the government’s omnibus motion to dismiss.”

Curbed: 10 years after the financial crisis, is the housing market still at risk?

Wall Street Journal: Banks Looking for Growth Not Helped by Housing

Wednesday August 29 2018

DS News: The Impact of Privatizing the GSEs

Tuesday August 28 2018

American Banker: GSE reform could increase costs to Read More