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


Message Boards
Google Groups
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
timhoward717.com
Seeking Alpha - FNMA
Seeking Alpha - FMCC
GlenBradford.com
Investors Unite
Restore Fannie Mae
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)
@timhoward717 @DavidFaber (CNBC)
@JoshRosner @CarlQuintanilla (CNBC)
@fanofred_ @AndrewSorkin (CNBC)
@led253 @GMorgenson (NY Times)
@hill_matt @CleaBenson (Politico)
@SleipnirPerkins @NickTimiraos (WSJ)
@_InvestorsUnite @CGasparino (Fox Business)
@RichardAEpstein @JonAPrior (Politico)
@pgray41 @theTreyGarrison
@FreeFannie @JoeLight (WSJ)
@nsintichakis @MarkCalabria (Cato Institute)
@D2_Duncan @levinsonc (Reuters)
@FannieGate101 Government
@mrfidlsticks @POTUS
@PTashner @BarackObama
@LetgoofmyFannie @SenShelby
@BuchmanCraig @MaxineWaters
@denverprinter @MikeCapuano
@WildTwins1 @RepHensarling
@cevoltz @FSCDems
@TrainReckt @FinancialCmte
@jeremycain_usc @SenBobCorker
@timpagliara
@Patswil
@30yrdream
@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
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.
06/21/2016 - Motion of Arnetia Joyce Robinson to Remove the "Protected Information" Designations From Documents Referred to in Amended Complaint…
06/10/2016 - Defendant's Notice of Filing of Declaration
07/09/2013 - Fairholme's Complaint

Perry v. Lew
08/18/2016 - Hamish Hume Letter
08/01/2016 - Judges' Order
07/27/2016 - Judges' Order
07/23/2016 - Class Plaintiffs’ Motion for Leave to File Response to FDIC’s Untimely Amicus Brief
07/23/2016 - Brief of Class Plaintiffs in Reply to Amicus Bried Filed by FDIC
09/30/2014 - Judge Lamberth's Decision dismissing Shareholders' Complaints

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

Saxton v. FHFA (Iowa)
08/01/2016 - Department of the Treasury’s Reply Memorandum in Support of its Motion to Dismiss the Amended Complaint
08/01/2016 - Reply in Support of Motion to Dismiss by Defendants 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.
03/11/2016 - Joint Status Report
02/26/2016 - Judge Sweeney Order
06/10/2013 - Washington Federal Original Complaint

Rafter v. U.S.
02/25/2016 - Joint Motion for Enlargement of Time to Respond to Amended Complaint, to Permit Plaintiffs to Further Amend the Complaint, and the Adoption Of Schedule
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.
02/25/2016 - Joint Motion for Enlargement of Time to Respond to Complaint and Adoption of Briefing Schedule
09/18/2013 - Arrowood Indemnity Initial Complaint

Jacobs and Hindes v. FHFA (Delaware)
07/13/2016 - Judge Sleet Order
06/03/2016 - Notice to Judge Sleet
03/30/2016 - Judge Sleet Order
08/17/2015 - Class Action and Derivative Complaint

Piszel v. U.S.
08/18/2016 - US Court of Appeals Decision
05/11/2016 - Supplemental Brief on Behalf of Amicus Curiae National Black Chamber of Commerce in Support of Neither Party
05/11/2016 - Order
06/12/2015 - Memorandum Opinion and Order 

Robinson v. FHFA (Kentucky)
07/11/2016 - Judge Thapar Order
07/08/2016 - Minute Entry Order
07/08/2016 - Motion for Leave to File Memorandum Addressing Court's Disclosure
10/23/2015 - Plaintiff’s Complaint for Declaratory and Injunctive Relief

Roberts v. FHFA (Illinois)
08/17/2016 - Attorney Appearance Form
08/12/2016 - Plaintiffs’ Consolidated Response in Opposition to Defendants’ Motions to Dismiss
08/08/2016 - Notification of Docket Entry
04/05/2016 - Plaintiffs` Amended Complaint for Declaratory and Injunctive Relief
02/10/2016 - Plaintiffs’ Complaint for Declaratory and Injunctive Relief

Reid v. U.S.
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
08/17/2016 - Notice of Pending, Refiled, Related or Similar Actions
08/17/2016 - Plaintiffs' Rule 7.1 Disclosure Statement
08/16/2016 - Joint Motion to Extend or Stay Briefing Schedule and Deadline to Respond to Complaint
08/15/2016 - Plaintiffs' Motion for Remand
08/02/2016 - The Federal Housing Finance Agency's Unopposed Motion for Enlargement of Time to File Reply Memorandum
08/01/2016 - Plaintiffs’ Response in Opposition to the Federal Housing Finance Agency’s Renewed Motion to Substitute as Plaintiff and Incorporated Memorandum of Law
03/01/2016 - Initial Complaint

Edwards v. PricewaterhouseCoopers
08/18/2016 - Order Granting in Part Joint Motion to Extend Deadlines
08/17/2016 - The Federal Housing Finance Agency's Renewed Motion to Substitute as Plaintiff and Supporting Memorandum of Law
08/17/2016 - Notice of Pending, Refiled, Related or Similar Actions
08/17/2016 - Plaintiffs' Rule 7.1 Disclosure Statement
08/16/2016 - Joint Motion to Extend Deadlines
08/16/2016 - Notice of Appearance
08/15/2016 - Plaintiffs' Motion for Remand
08/09/2016 - Order Granting Defendant's Unopposed Motion to Reopen Case and Setting Deadline for Defendant to Respond to the Complaint
07/19/2016 - Order Granting Motions to Appear Pro Hac Vice
03/09/2016 - Initial Complaint

Pagliara v. Fannie Mae
08/23/2016 - Plaintiff Timothy J. Pagliara's Request for Oral Argument
08/18/2016 - Declaration of Zi-Xiang Shen in Support of Defendant Federal National Mortgage Association’s Response Brief Opposing Plaintiff’s Motion to Remand
08/18/2016 - Defendant Federal National Mortgage Association’s Response Brief Opposing Plaintiff’s Motion to Remand
08/18/2016 - Opposition of Proposed Substitute Plaintiff, the Federal Housing Finance Agency as Conservator of Fannie Mae, to Plaintiff’s Motion to Remand
03/14/2016 - Verified Complaint

Pagliara v. Freddie Mac
08/23/2016 - Order
08/23/2016 - Memorandum Opinion
08/04/2016 - Civil Motion Minutes
08/02/2016 - Notice of Appearance
03/14/2016 - Complaint for Inspection of Corporate Records

Judicial Panel on Multidistrict Litigation
06/02/2016 - Order Denying Transfer
03/15/2016 - Federal Housing Finance Agency’s Motion for Transfer of Actions to the U.S. District Court for the District of Columbia

Voacolo v. Fannie Mae, FHFA, and Treasury
08/16/2016 - Appearance of Counsel
08/16/2016 - Stipulation to Set Deadlines
08/16/2016 - Appearance of Counsel
08/16/2016 - Appearance of Counsel
08/10/2016 - Notice of Related Cases
08/10/2016 - Notice of Appearance
07/26/2016 - Motion to Withdraw
07/01/2016 - Summons in a Civil Action
06/26/2016 - Complaint

Archives
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
Tuesday August 23rd 2016
New filing in the Pagliara v. Freddie Mac case, click here to view.
2nd filing in the Pagliara v. Freddie Mac case, click here to view.
Peter Chapman writes, "Judge Cacheris entered an order this afternoon granting Freddie Mac's motion to dismiss, determining that FHFA's motion to substitute is moot, and dismissing Mr. Pagliara's books and records complaint. Copies of Judge Cacheris' order and written opinion are (linked above). Judge Cacheris says that HERA destroyed Mr. Pagliara's right to inspect Freddie's corporate records."
New filing in the Pagliara v. Fannie Mae case, click here to view.
Peter Chapman writes, "Mr. Pagliara has requested that Judge Sleet hear oral arguments on his motion to remand and FHFA's motion to substitute."
Consensus for Johnson-Crapo Exists Only Among Big Banks - Investors Unite
Fannie and Freddie Need Another Bailout? - The National Real Estate Post
GSE talk starts at 4:47.
Federal court tosses #Fanniegate suit seeking to inspect Freddie Mac's records - HousingWire
In A Blow to Fannie and Freddie Shareholders, Court Tosses Out Another Lawsuit - WSJ
Tim Pagliara tweets about the recent court ruling - Twitter
Fannie, Freddie revise mortgage app form for first time in 20 years - HousingWire
Statement of FHFA Director Melvin L. Watt on Redesigned, More Consumer-Friendly Uniform Residential Loan Application Form - fhfa.gov
Short Takes: A 25 Percent Chance Uncle Sam Will Lose the GSE Lawsuits... - Inside Mortgage Finance
A New Chance For Housing Finance Reform - Valuewalk
08-23-16 - Doug Ryan w. Tim Farley - Box.com (audio)
Tim Howard comments on the CSP - Howard on Mortgage Finance

Monday August 22nd 2016
New order in the Deloitte case. Visit glenbradford.com to view.
With Homeownership at an All-Time Low, Why Is the Federal Government Tying its Own Hands? - cfed.org
"Risk-sharing creates market distortions and instability. It is a much better investment for the American people to make additional fixes to Fannie and Freddie, allow them to recapitalize, and update their structure and regulatory oversight..."
Howard, Rightfully, PO’d; Exposes Phony FHFA Tests - Bill Maloni's GSE Blog
Former Fannie Mae CEO settles crisis-related lawsuit with SEC - Reuters
David Fiderer wrote about this on 03/12/2016.
Fannie Reclaims (Some of the) Share it Lost in First-Time Homebuyer Market - Inside Mortgage Finance
Net Worth Sweep: Government Theft Of $100B+ Of Cash Money - Amazon
A new book by G. Richard Bradford III.
Freddie Mac Preps for Issuance of Securities Under CSP - DS News

Friday August 19th 2016
New filing in the Perry case, click here to view.
Peter Chapman writes, "Hamish Hume, Esq., representing the Class Plaintiffs, sent the D.C. Circuit a letter yesterday advising it about the Federal Circuit's decision in Piszel v. U.S. and explaining how the Federal Circuit's decision supports the Class Plaintiffs' position."
FHFA Fails the Stress Test - Howard on Mortgage Finance
Federal Circuit in Piszel Guides D.C. Circuit on “Takings” - Valueplays
Nightmare on Main Street - The Economist
'navycmdr' emails Judge Steele - Investors Hub
Fannie, Freddie will run out of money by Jan. 1, 2018 - mpamag.com

Thursday August 18th 2016
New filing in the Piszel case, click here to view.
Peter Chapman writes, "The U.S. Court of Appeals for the Federal Circuit issued its decision today affirming dismissal of the lawsuit filed by Mr. Piszel, Freddie's former CFO, in the Court of Federal Claims. The Federal Circuit agrees with Mr. Piszel that the rights under his employment contract were a cognizable Fifth Amendment property interest. The Federal Circuit disagrees with the government's position that a breach of contract suit was a prerequisite to asserting a takings claim. The Federal Circuit faults Mr. Piszel for not filing a breach of contract suit against Freddie Mac in Virginia state court before the statute of limitation expired and for not alleging in his complaint filed in the Court of Federal Claims that a lawsuit in Virginia would have been futile."
New filing in the PricewaterhouseCoopers case, click here to view.
Peter Chapman writes, "FHFA renewed its request to displace the shareholders suing PwC, and a copy of the agency's renewed motion to substitute is (linked above). FHFA reworked its argument that the Edward Plaintiffs' aiding and abetting breach of fiduciary duty claims are derivative at pages 10-12 and FHFA enhanced its "all means all" argument at pages 14-16."
2nd filing in the PricewaterhouseCoopers case, click here to view.
Peter Chapman writes, "Judge Moreno entered an order this afternoon directing that:
-- PwC file its response to the Edwards Plaintiffs' remand request by Sept. 14;
-- the Edwards Plaintiffs file any reply in support of their remand request by Sept. 30; and
-- all motions to dismiss and answers be filed by Oct. 24."
New filing in the Pagliara v. Fannie Mae case, click here to view.
Peter Chapman writes, "FHFA delivered its Opposition to Mr. Pagliara's remand request to Judge Sleet this afternoon. FHFA urges Judge Sleet to decide its substitution motion before considering the remand request. FHFA tells Judge Sleet that he has to determine the identity of proper plaintiff before he can decide which court should hear the case."
2nd filing in the Pagliara v. Fannie Mae case, click here to view.
Peter Chapman writes, "Fannie Mae delivered a response opposing remand to the Delaware Chancery Court to Judge Sleet this afternoon. Fannie Mae says the federal court is the right court to hear -- and dismiss -- Mr. Pagliara's books and records demand. Fannie Mae says that it elected to follow Delaware's corporate governance practices, but never made Delaware its home.
Fannie Mae tells Judge Sleet that it wants FHFA's substritution request decided before the court acts on the remand request.
3rd filing in the Pagliara v. Fannie Mae case, click here to view.
Peter Chapman writes, "A Declaration by Zi-Xiang Shen, Esq., one of Fannie Mae's Delaware lawyers, in support of Fannie Mae's response (is linked above)."
Fannie Mae And Freddie Mac's Coup D'état - Seeking Alpha by Glen Bradford
Everybody Has a Plan for Fannie and Freddie But Nothing Gets Done - Bloomberg
Comradely capitalism - The Economist
Tim Howard discusses Fannie Mae's charter - Howard on Mortgage Finance
FHFA Further Adjusts Multifamily Lending Caps for Fannie Mae and Freddie Mac - fhfa.gov
Appeals Court Rules In GSE Case–But Not That GSE Case - WSJ

Wednesday August 17th 2016
New filing in the Roberts case, click here to view.
Peter Chapman writes, "Deepthy Kishore entered her appearance today on behalf of the U.S. Treasury."
New filing in the Deloitte case, click here to view. (Joint Motion)
2nd filing in the Deloitte case, click here to view. (Disclosure Statement)
3rd filing in the Deloitte case, click here to view. (Notice of Similar Actions)
Peter Chapman writes, "The Edwards Plaintiffs and Deloitte have agreed:
-- Deloitte will respond to the Edwards Plaintiffs' remand motion by Sept. 14;
-- the Edwards Plaintiffs will file their reply in support of remand by Oct. 12; and
-- if the remand request is denied, Deloitte will respond to the Edwards Plaintiffs' Complaint within 30 days following that decision;
and ask Judge Scola to place his stamp of approval on that briefing schedule.
Additionally, the Edwards Plaintiffs delivered a disclosure document to the court today confirming that none of them has a parent corporation and that no publicly held corporation owns more than 10% of its stock.
Further, the Edwards Plaintiffs delivered a notice to Judge Scola today advising him that their case is related to Edwards v. PwC.
New filing in the PricewaterhouseCoopers case, click here to view. (Disclosure Statement)
2nd filing in the PricewaterhouseCoopers case, click here to view. (Notice of Similar Actions)
Peter Chapman writes, " The Edwards Plaintiffs delivered a disclosure document to the court today confirming that none of them has a parent corporation and that no publicly held corporation owns more than 10% of its stock.
Additionally, the Edwards Plaintiffs delivered a notice to Judge Moreno today advising him that their case is related to Edwards v. Deloitte."
GSE reform is a philosophical posture, not a policy - Global Capital
@micah_morrison tweets about #FannieGate again - Twitter
'Ron' emails Judge Steele - timhoward717.com
Freddie Mac officially offers forbearance to Louisiana flood victims - HousingWire
Fannie Mae Prices New Issue 5-Year Benchmark Notes® due August 17, 2021 - fanniemae.com

Tuesday August 16th 2016
New filing in the Voacolo case, click here to view. (Notice of Appearance)
2nd filing in the Voacolo case, click here to view. (Notice of Appearance)
3rd filing in the Voacolo case, click here to view. (Stipulation)
Peter Chapman writes, "Howard Cayne and Asim Varma at Arnold & Porter entered their appearance on behalf of FHFA today, and presented the Court with a stipulation providing that (i) Fannie, FHFA and Treasury will file dispositive motions by Sept. 20, (ii) responses will be due Oct. 20, and (iii) replies will be due Nov. 18. Copies of the notices of appearance and stipulation are (linked above)."
4th filing in the Voacolo case, click here to view.
Peter Chapman writes, "David Bergman at Arnold & Porter also entered his appearance on behalf of FHFA today."
Peter Chapman continues, "FYI -- This case has been assigned to the Honorable Rudolph Contreras, whose bio is posted at http://www.dcd.uscourts.gov/content/district-judge-rudolph-contreras and https://en.wikipedia.org/wiki/Rudolph_Contreras and who was annoyed earlier this year by the State Department's delays in releasing Mrs. Clinton's e-mail."
New order in the Voacolo case. Peter Chapman writes, 'Judge Contreras entered a Minute Order this afternoon saying: "The Court construes the parties' filing as a joint motion and reminds the parties that they cannot 'stipulate' to the issuance of a court order. It is hereby ORDERED that Defendants shall file their dispositive motions on or before September 20, 2016; Plaintiff shall respond to Defendants' dispositive motions on or before October 20, 2016; and Defendants shall file replies in support of their dispositive motions on or before November 18, 2016. It is FURTHER ORDERED that Plaintiff shall respond to [Doc.] 6 Defendants' Notice of Related Cases on or before August 26, 2016. It is FURTHER ORDERED that replacement counsel for Plaintiff shall enter an appearance on or before August 26, 2016. At that time, Plaintiff shall proceed pro se unless and until he obtains replacement counsel. SO ORDERED."'
New filing in the PricewaterhouseCoopers case, click here to view.
2nd filing in the PricewaterhouseCoopers case, click here to view.
Peter Chapman writes, "Michelle Holmes Johnson at White & Case entered her appearance on behalf of PwC today.
Additionally, the Edwards Plaintiffs and PwC have agreed:
-- PwC will respond to the Edwards Plaintiffs' remand motion by Sept. 14;
-- the Edwards Plaintiffs will file their reply in support of remand by Oct. 12; and
-- if the remand request is denied, PwC will respond to the Edwards Plaintiffs' Complaint within 30 days following that decision."
New GSE Accounting Fraud Lawsuit Legal Filing Great For Shareholders - Seeking Alpha by Glen Bradford
Why The Government's Wall Of Secrecy Must Fall - Google Groups via Law360
Clinton hires former Fannie Mae lobbyist to transition team - NY Post
Interesting tweet from @timpagliara - Twitter
@micah_morrison seems interested in #FannieGate - Twitter
Mr. Morrison is a Chief Investigative Reporter for Judicial Watch.

Monday August 15th 2016
New filing in the PricewaterhouseCoopers case, click here to view.
Peter Chapman writes, "The Edwards Plaintiffs are asking Judge Moreno to remand their lawsuit against PwC to state court."
New filing in the Deloitte case, click here to view.
Peter Chapman writes, "The Edwards Plaintiffs are asking Judge Scola to remand their lawsuit against Deloitte to state court."
New filing in the Pagliara v. Fannie Mae case, click here to view.
Peter Chapman writes, "FHFA repeats is "all means all" argument in a Reply delivered to Judge Sleet today. FHFA argues that it -- and it alone, according to HERA -- stands in Mr. Pagliara's shoes to inspect Fannie Mae's books and records, and urges Judge Sleet to substitute it for Mr. Pagliara in the lawsuit he filed in Delaware."
Cats and Dogs (Summer is s-l-o-w, but I still have GSE opinions) - Bill Maloni GSE Blog
How Much Capital Is Enough? - Bipartisan Policy Center
The Return of the $2 Trillion Mortgage Market - freddiemac.com
Freddie Mac: Mortgage lending will top $2 trillion this year - HousingWire
Why The Government's Wall Of Secrecy Must Fall - Law 360
Subscription required for full access
@CEOsenson tweets about US government market manipulation - Twitter
Freddie Mac August 2016 Outlook - Yahoo

Sunday August 14th 2016
Government's 2011 Plan To Deal With GSE Public Preferreds Exposed - Seeking Alpha by Glen Bradford
PwC faces 3 major trials that threaten its business - MarketWatch
GSEs are not mentioned.

Friday August 12th 2016
New filing in the Roberts case, click here to view.
Peter Chapman writes, "The Roberts Plaintiffs delivered their Response to FHFA and Treasury's motions to dismiss their amended complaint to the Court in Chicago this evening, countering the government's legal arguments in support of tossing the Roberts Litigation at this early juncture. FHFA and Treasury have until Sept. 14 to file their replies."
Awaiting Further Developments: Critical Events, Discovery, History Lessons, Fannie And Freddie, And The Endless Summer - Seeking Alpha by Wayne Olson
Opinions - U.S. Court of Appeals for the D.C. Circuit - uscourts.gov
Bookmark this link. The Perry appeal decision, when released, will probably show up here.
The Mandate Continues: GSE Mortgage Portfolios Down to $637 Billion - Inside Mortgage Finance

Thursday August 11th 2016
Tim Rood on Fox Business - Youtube
Brace Yourselves, America: The Next Huge Housing Bailout Could Be Coming - Zero Hedge
Romantic Relationship With Fannie Mae CEO Prompted Firing of Fifth Third Lawyer - WSJ

Wednesday August 10th 2016
New filing in the Voacolo case, click here to view.
Peter Chapman writes, "Thomas D. Zimpleman entered his appearance on behalf of the U.S. Treasury today, presumably getting ready to get ready to file a motion to dismiss on or before Aug. 25."
2nd filing in the Voacolo case, click here to view.
Peter Chapman writes, "The government advised the court today that Mr. Voacolo's case is related to Perry v. Lew, Case No. 13-cv-1025 (D.D.C.), which is now under appeal."
GSE Investors Battle To Expose Kangaroo Courts And Potemkin Villages - Seeking Alpha by Glen Bradford
Housing moves into the campaign spotlight - The Hill
Corker urges Congress to refocus on housing finance reform - The Hill
BRIEF-Freddie Mac announces issuance of a new five-year reference notes security - Reuters

Tuesday August 9th 2016
New filing in the PricewaterhouseCoopers case, click here to view.
Peter Chapman writes, "Judge Moreno entered an order today reopening the Edwards Plaintiffs' lawsuit against PwC and directing PwC to file a response to the Edwards Plaintiffs' complaint by Aug. 23, 2016."
A long overdue decision: a continued call for the DC Circuit to invalidate the Net Worth Sweep - Valuewalk
JPMorgan Gives Fannie, Freddie a $4.6 Billion Run for Their Money - The Street
Corker Says Fannie And Freddie Stress Test Highlights Need For Housing Finance Reform - The Chattanoogan
A few changes by Congress could make housing more affordable: A letter to the editor - nola.com
July Brings a Surge in New GSE Business, Thanks to Strong Purchase Market - Inside Mortgage Finance

Monday August 8th 2016
New filing in the Roberts case, click here to view. (Amended Complaint)
2nd filing in the Roberts case, click here to view. (Judges Order)
Peter Chapman writes, "Judge Change entered an order today unsealing the Roberts Plaintiffs' Amended Complaint."
The DC Circuit Should Invalidate The Net Worth Sweep Of Fannie/Freddie Assets - Forbes
By Richard Epstein
Far Less Than Meets the Eye - Howard on Mortgage Finance
Tick Tock: Time Dwindles Before GSE Legal Ruling In Appeals Case - Seeking Alpha by Glen Bradford
With High Voter Anxiety, Party Platforms Find Agreement on Increased Homeownership - Inside Sources
Fannie and Freddie Will Be Profitable After Their Next Bailouts, Too - Bloomberg
FHFA Announces Results of Fannie Mae and Freddie Mac Dodd-Frank Act Stress Tests - fhfa.gov
Fannie, Freddie Could Need as Much as $126 Billion in Crisis - Bloomberg
Fannie Mae, Freddie Mac would need another bailout in severe economic crisis - HousingWire
Fannie Mae Board of Directors Resignations - conferencecalltranscripts.org
LendingClub’s Quarterly Loss Widens; CFO Dolan Steps Down - Bloomberg
"Fannie Mae Chief Executive Officer Timothy Mayopoulos, whose resume includes stints at some of the world’s largest banks, will join the board."
Don't Free Freddie and Fannie - US News & World Report

Friday August 5th 2016
Without Freddie and Fannie, could 30-year mortgage be a thing of the past? - Miami Herald
What could replace Freddie Mac and Fannie Mae? - Miami Herald
Fannie And Freddie: Analysis Of Q2 Earnings - Seeking Alpha by Leslie Luk
The Endless Summer, Fannie And Freddie, Recent Developments, And Frequently Asked Questions - Seeking Alpha by Wayne Olson
What We’re Hearing: Killing the GSEs Is Not an Option, Really... - Inside Mortgage Finance
Maybe it’s my deodorant?? - Bill Maloni's GSE Blog
Move over FHA: Dallas home buyers offered new low-down mortgages - Dallas Business Journal
Are Nonprofit Loan Buyers Really Good for the Mortgage Market? - National Mortgage News
Brue Berkowitz: Without Fannie and Freddie, goodbye fixed rate mortgages - Valuewalk

Thursday August 4th 2016
New filing in the Pagliara v. Fannie Mae case, click here to view.
2nd filing in the Pagliara v. Fannie Mae case, click here to view.
Peter Chapman writes, "Mr. Pagliara delivered a brief opposing FHFA's motion to substitute to Judge Sleet in Delaware this afternoon. Additionally, a declaration by one of Mr. Pagliara's Delaware lawyers is posted at (bankrupt.com, first link above) because it's a large compilation of scanned documents. Mr. Pagliara challenges and points out the illogic of FHFA's "all means all" position that HERA intended that the regulator stepped into shareholders' shoes.
New filing in the Pagliara v. Freddie Mac case, click here to view.
Peter Chapman writes, "Judge Cacheris entertained oral arguments this morning.
At today's hearing before Judge Cacheris, Mr. Cayne, representing FHFA, stressed "all means all" when HERA says FHFA acquired shareholders' rights. Mr. Connally, representing Mr. Pagliara, said that "all" is less than everything because otherwise FHFA would have cancelled the shares and executed a release of all shareholder claims. So "all" means something and the additional phrase in HERA about affecting the GSE assets means something as well. Judge Cacheris suggested this is a matter of first impression for the Court to decide (indicating he's being asked to interpret rather than read the statute). Judge Cacheris asked about the Delaware proceedings and was told they are moving in slow motion. Freddie's lawyers from King & Spalding said nothing at today's hearing."
New filing in the Roberts case, click here to view.
Peter Chapman writes, "According to the filing (linked above), the Roberts Plaintiffs will present their unopposed motion to unseal their amended complaint to Judge Chang at 8:30 a.m. on Tues., Aug. 9, 2016, in Chicago."
Physician, Heal Thyself - The Delaware Bay Company
By Gary E. Hindes
Fannie Mae Reports Net Income of $2.9 Billion and Comprehensive Income of $2.9 Billion for Second Quarter 2016 - fanniemae.com
Fannie Mae to pay $2.9B to Treasury next month - Seeking Alpha
Fannie Mae misses by $0.44, beats on revenue - Seeking Alpha
Fannie Mae's (FNMA) CEO Timothy Mayopoulos on Q2 2016 Results - Earnings Call Transcript - Seeking Alpha
Fannie Mae Results Cast Pall on Shareholder Lawsuits - WSJ
Trouble Looms Ahead for Fannie After Strong 2Q - National Mortgage News
FannieGate In Court Of Appeals: Excursus 1 - Profitability Of GSEs - Seeking Alpha by Jeremy Cain
GSE Upside: PricewaterhouseCoopers Showed FHFA How To Implement Capital Draws - Seeking Alpha by Glen Bradford
The Time Has Come to Turn the GSEs into Utilities - American Banker
A Quiet Surprise: FHFA Sets ‘Minimum Base’ G-Fee for Fannie Mae and Freddie Mac - Inside Mortgage Finance

Wednesday August 3rd 2016
New filing in the Saxton case, click here to view.
Peter Chapman writes, "Treasury also delivered its Reply in support of its motion to dismiss the Saxton Plaintiffs to the Iowa court this week. Treasury likes many of FHFA's reasons about why the Saxton Plaintiffs' should be dismissed and disputes the Saxton Plaintiffs' arguments about why it should be dragged into litigation."
New order in the Deloitte case.
Peter Chapman writes, Judge Scola entered a paperless order this afternoon granting FHFA's request to delay filing of its Reply Memorandum to Aug. 29."
@FreddieMac’s Earning Surprise - collingwoodllc.com
@RepMikeCapuano comments on Freddie Mac's earnings - Twitter
Building on the Johnson-Crapo Consensus - Bipartisan Policy Center
By Michael A. Stegman
Law school dean: U.S. Supreme Court decision to take up Fannie Mae case not surprising - Northern California Record

Tuesday August 2nd 2016
New filing in the Roberts case, click here to view.
Peter Chapman writes, "The Roberts Plaintiffs advised Judge Chang that they will appear before him on Wed., Aug. 17, in Chicago, to ask him to place his stamp of approval on their request to unseal their Amended Complaint."
New filing in the Pagliara v. Freddie Mac case, click here to view.
Peter Chapman writes, "Michael Kientzle at Arnold & Porter entered his appearance in Pagliara v. Freddie Mac today on behalf of FHFA."
New filing in the Deloitte case, click here to view.
Peter Chapman writes, "FHFA tells Judge Scola it needs more time to file a Reply Memorandum to the Edwards Plaintiffs' Response filed yesterday. FHFA says it needs until Aug. 29 to file its Reply. A copy of FHFA's unopposed request for 18 additional days to file its Reply is (linked above)."
Freddie Mac Reports Net Income of $1.0 Billion for Second Quarter 2016; Comprehensive Income of $1.1 Billion - freddiemac.com
Freddie Mac to pay another $1B to Treasury - Seeking Alpha
Freddie Mac's (FMCC) CEO Don Layton on Q2 2016 Results - Earnings Call Transcript - Seeking Alpha
Hopes Dim For Freddie Mac Shareholders - WSJ
Freddie Mac Profit Declines on Rates - WSJ
Freddie Mac’s Income Swings Back Up - DS News
GSE Conservatorship: Looks Like A Nationalization, Smells Like A Nationalization - Seeking Alpha by Glen Bradford
Freddie Mac Profit Shows Taxpayer Bailout Risk Is More Remote - Bloomberg
Average G-Fee for 2015: 59 BPs. FHFA Chief Tells Industry Agency is Consistently ‘Re-Evaluating’ the Charges - Inside Mortgage Finance
Newly Unsealed Documents Show How Treasury Violated HERA - Investors Unite
Fannie and Freddie Secrets
New documents posted. Click on the August 2, 2016 link.
Section 4617(b)(2) Does Not Apply to Direct Claims - th717.wordpress.com
Parrot Admits Net Worth Sweet “A Treasury-Driven Process” - Valueplays

Monday August 1st 2016
New filing in the Deloitte case, click here to view.
Peter Chapman writes, "The Edwards Plaintiffs delivered their Response to Judge Scola today opposing FHFA's renewed substitution motion. The Edwards Plaintiffs argue tht (i) their claims are direct claims against Deloitte, (ii) FHFA has a debilitating conflict of interest, and (iii) shareholders suing Deloitte doesn't restrain or affect FHFA's exercise of powers or functions as conservator."
New filing in the Pagliara v. Fannie Mae case, click here to view. (Motion to Remand)
2nd filing in the Pagliara v. Fannie Mae case, click here to view. (Opening Brief in Support of Motion to Remand)
Peter Chapman writes, "In response to FHFA's motion to substitute, Mr. Pagliara asks Judge Sleet to send his lawsuit requesting access to Fannie Mae's books and records back to the Delaware Chancery Court. Mr. Pagliara says removal of his lawsuit to federal court was improper and Judge Sleet lacks jurisdiction to do anything except send the case back to the Chancery Court. Copies of that motion and a memorandum in support of that request are (linked above)."
New filing in the Perry case, click here to view.
Peter Chapman writes, "The D.C. Circuit entered an order this afternoon accepting the Class Plaintiffs' Brief in Reply to the FDIC's Amicus Brief."
New filing in the Saxton case, click here to view.
Peter Chapman writes, "FHFA delivered its Reply in support of its motion to dismiss the Saxton Complaint to the Iowa court today. The GSEs' regulator's arguments don't deviate from those we've read before."
Fannie Mae and Freddie Mac - Bloomberg
Motive? - The Truth about Fannie and Freddie
The hidden risk in Ginnie Mae mortgage-backed securities - Valuewalk
Mortgage Principal Forgiveness Policy Is a Bad Idea - The Heritage Foundation
Fannie Mae and Freddie Mac Single-Family Guarantee Fees in 2015 - FHFA.gov
Mel Watt Letter to Consumer groups via @joelight - Twitter
Republicans vs. Democrats: what each party says about housing finance reform - HousingWire
Fairholme 2016 Semi-Annual Report - fairholmefundsinc.com





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