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
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.
11/17/2017 - Freddie Mac Waiver
11/17/2017 - Fannie Mae Waiver
11/15/2017 - Letter from the Solicitor General
07/09/2013 - Fairholme's Complaint

Perry v. Mnuchin
11/17/2017 - Freddie Mac Waiver
11/17/2017 - Fannie Mae Waiver
11/17/2017 - Brief of Investors Unite as Amicus Curiae in Support of Petitioners
07/17/2017 - Order

Cacciapalle v. U.S.
11/17/2017 - Freddie Mac Waiver
11/17/2017 - Fannie Mae Waiver
11/17/2017 - Brief of Amici Curiae Louise Rafter, Josephine and Stephen Rattien, and Pershing Square Capital Management, L.P. in Support of Petitioners
03/14/2016 - Joint Status Report
06/13/2013 - Class Action Complaint

Saxton v. FHFA (Iowa)
10/11/2017 - Letter to the Court
10/10/2017 - Letter to the Court
07/12/2017 - Reply Brief of Plaintiffs-Appellants
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.
11/09/2017 - Stipulation
11/01/2017 - Motion for Leave to Amend Complaint
02/09/2017 - Order
09/18/2013 - Arrowood Indemnity Initial Complaint

Jacobs and Hindes v. FHFA (Delaware)
09/29/2017 - Plaintiffs’ Reply in Support of Their Motion for Judicial Notice of Documents…
09/22/2017 - FHFA, Fannie Mae, and Freddie Mac’s Opposition to Plaintiffs’ Motion for Judicial Notice or, in the Alternative, to Strike
09/22/2017 - Department of the Treasury’s Response in Opposition to Plaintiffs’ Motion for Judicial Notice or, in the Alternative, to Strike
08/17/2015 - Class Action and Derivative Complaint

Piszel v. U.S.
08/22/2017 - Reply Brief of Petitioner
08/11/2017 - Brief for the United States in Opposition
06/12/2015 - Memorandum Opinion and Order 

Robinson v. FHFA (Kentucky)
11/22/2017 - Opinion
10/06/2017 - Letter to the Court
10/23/2015 - Plaintiff’s Complaint for Declaratory and Injunctive Relief

Roberts v. FHFA (Illinois)
11/06/2017 - Letter to the Court
10/16/2017 - Letter to the Court
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
10/25/2017 - Clerk's Entry of Dismissal
10/23/2017 - Plaintiffs-Appellants’ Unopposed Motion to Dismiss Appeal With Prejudice
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
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
09/22/2017 - Reply Brief of Plaintiffs-Appellants
10/20/2016 - Plaintiffs’ Complaint for Declaratory and Injunctive Relief

Rop v. FHFA
11/06/2017 - Brief of FHFA Defendants in Opposition to Plaintiffs’ Motion for Summary Judgment…
11/06/2017 - The Department of the Treasury’s Brief in Opposition to Plaintiffs’ Motion for Summary Judgment
11/06/2017 - The Department of the Treasury’s Reply Brief in Support of its Motion to Dismiss
06/01/2017 - Plaintiffs’ Complaint for Declaratory and Injunctive Relief

Bhatti v. FHFA
11/16/2017 - FHFA Defendants’ Memorandum of Law in Opposition to Plaintiffs’ Motion for Summary Judgment and in Reply Supporting FHFA Defendants’ Motion to Dismiss
11/16/2017 - Memorandum in Opposition to Plaintiffs’ Motion for Summary Judgment and in Reply Supporting The Department of the Treasury’s Motion to Dismiss
11/15/2017 - Amended Local Rule 7.1 Word Count Compliance Certificate for FHFA Defendants’ Memorandum of Law in Support of Their Motion to Dismiss
08/04/2017 - Plaintiffs’ First Amended Complaint for Declaratory and Injunctive Relief

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

Archives
November 2017
October 2017
September 2017
August 2017
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 November 23rd 2017
John Berlau, Competitive Enterprise Institute: Risking Taxpayers’ Money at Freddie Mac – heartland.org

Wednesday November 22nd 2017
New filing in the Robinson case, click here to view.
Peter Chapman writes, "The Sixth Circuit entered its opinion and order today affirming Chief Judge Caldwell's decision dismissing Ms. Robinson's complaint filed in the Eastern District of Kentucky."
FHFA Updates Progress on Fannie Mae and Freddie Mac Credit Risk Transfer Programs - fhfa.gov
Fannie Mae sells $124 million in non-performing loans to nonprofits - HousingWire
Fannie, Freddie Transfer $60 Billion in Credit Risk Through Q2 2017 - ABA Banking Journal

Tuesday November 21st 2017
A 40-Page GSE ‘Draft’ Bill is Circulating in the Senate - Inside Mortgage Finance
7th Cir. Holds State, Local Transfer Taxes Apply to Private Entities Doing Business With GSEs - Lexology
Mulvaney as CFPB head? Five things to know - National Mortgage News
Fannie Mae CEO Talks Fintech, Social Justice, Corporate Taxes - benzinga

Monday November 20th 2017
Corporate Tax Cut Could Expose Net Worth Sweep Folly - Investors Unite
Bill Ackman: Fannie, Freddie Have Increasing Odds Of A Positive Resolution - benzinga
Freddie Says 2017 on Track to be Best Year in a Decade - The MReport
Recap of 2017: The Best Year in a Decade - freddiemac.com

Saturday November 18th 2017
New filings in the Cacciapalle case (U.S. Supreme Court).
17-578-0002
17-578-0003
17-578-0004
Peter Chapman writes, "The Rafter Plaintiffs and Pershing Square filed an amicus brief urging the High Court to accept the three petitions and reverse the D.C. Circuit's decision, and a copy is attached to this e-mail message. "This Court's intervention is necessary," Pershing Square's legal team at Jones Day says, "both to police the separation of powers and to protect private property from the grasping hand of the federal government, which seeks to insulate its lawless conduct from any judicial review." The shareholders tell the Justices that FHFA's reading of HERA making preserving and conserving optional and allowing dissipation if that's what FHFA wants to do makes no sense and is contrary to what more than 100 years of legal tradition describes a conservator's proper
role.
Fannie Mae and Freddie Mac have elected to not to respond to respond to the Cacciapalle Plaintiffs' petition."
New filings in the Perry case (U.S. Supreme Court).
17-580-0004
17-580-0006
17-580-0007
Peter Chapman writes, "Investors Unite filed an amicus brief in support of Perry's petition, and a copy is attached to this e-mail message. Michael Krimminger at Cleary Gottlieb forcefully tells the High Court, based on his experience at the FDIC and his participation in drafting HERA, that nobody ever imagined FHFA would take every step possible to prevent rehabilitation of its wards and then hide behind sec. 4617(f) to argue that nobody can question that improper action.
Fannie Mae and Freddie Mac have elected to not to respond to respond to Perry's petition."
New filings in the Fairholme case (U.S. Supreme Court).
17-591-0005
17-591-0006
Peter Chapman writes, "Fannie Mae and Freddie Mac have elected to not to respond to respond to Fairholme's petition."
Ackman's Positive Look Over Fannie Mae - thebeartrapsreport.com

Friday November 17th 2017
Financial Services & E-Commerce: Financial Reg.: The Apotheosis of the Admin. State? - YouTube
Prof. Richard Epstein discusses the GSE takings case.
Housing finance reform next on to-do list for Trump and Congress - National Mortgage News
What to do with Fannie Mae and Freddie Mac? - floridarealtors.org
Watt Likely Won’t Act on Zero Capital Buffer This Year, but Consensus Forming on a GSE Bill? - Inside Mortgage Finance
A duopsony built around rent-seeking - aei.org
How Fannie and Freddie Weathered 2017 - DS News
11/06/2017 - Steven Eisman // Will Technology Prevent the Next Economic Bubble ? - YouTube
Steven Eisman discusses the GSEs.

Thursday November 16th 2017
New filing in the Bhatti case, click here to view.
Peter Chapman writes, "While getting ready to file its reply and objection due later today, FHFA's local counsel discovered that it under-reported the number of words contained in its motion to dismiss filed in September. The original tabulation excluded 400 words appearing in the footnotes."
2nd filing in the Bhatti case, click here to view.
Peter Chapman writes, "Treasury filed its objection and reply this afternoon in Minneapolis. Treasury maintains its position that the Bhatti Plaintiffs' complaint should be dismissed."
3rd filing in the Bhatti case, click here to view.
Peter Chapman writes, "FHFA filed its objection and reply this evening in Minneapolis. FHFA concedes nothing and forcefully advances its arguments that it's 100% right and agitated shareholders are 100% wrong."
New order in the Fairholme case (U.S. Supreme Court).
Peter Chapman writes, "The Court entered an order today extending the time for parties to respond to Fairholme's petition through Dec. 20, 2017."
Fannie Mae, Freddie Mac conservatorship takes center stage - Florida Weekly
FHFA Announces Fannie Mae and Freddie Mac Will Re-enter LIHTC Market - fhfa.gov
Through Fannie Mae, US taxpayers provide backing for some rental home giants - ABC News

Wednesday November 15th 2017
New filing in the Fairholme case (U.S. Supreme Court), click here to view.
Peter Chapman writes, "The Solicitor General wants the U.S. Supreme Court to extend the deadline for the government to respond to Fairholme's petition to Dec. 20, 2017."
Calling No Legislative GSE Reform In 30 Days A Failure - Seeking Alpha by Glen Bradford
"Treasury’s Chris Campbell at a conference said UST plans to work with Congress..." via @joelight - Twitter
GSE reform in 2018? Mortgage finance positions of power in Washington up for grabs - HousingWire
Ackman Q3 Letter: Corker Resignation Is Bullish For Fannie - Valuewalk

Tuesday November 14th 2017
Pershing Square Capital Management, L.P. 3Q 2017 Quarterly Conference Call - webcaster4.com
GSE talk starts at 27:28.
Things I am Thinking!! - Bill Maloni's GSE Blog

Monday November 13th 2017
Treasury Secretary Mnuchin discusses the GSEs at the WSJ CEO Council (video) - Facebook
Start watching at 30:35.
Tweets about Treasury Secretary Mnuchin's GSE discussion.
Tweet #1 via @WSJPolitics
Tweet #2 via @WSJPolitics
Tweet #3 via @Fanniegate101
Tweet #4 via @Fanniegate101
The Net Worth Sweep’s Moral and Practical Deficiencies - Investors Unite
Epic Congress Fail on Fannie and Freddie - The National Real Estate Post
Click the white play arrow to start the video.
KBW: A Change to the GSE Dividend Sweep ‘Unlikely’ - Inside Mortgage Finance
What The New GOP Tax Plan Could Mean For Fannie Mae, Freddie Mac - benzinga
Fannie Mae announces winner of fifth reperforming loan sale transaction - HousingWire
Fannie Mae planning affordable-housing initiatives - mpamag.com

Saturday November 11th 2017
New order in the Perry case (U.S. Supreme Court).
Peter Chapman writes, "The Court entered an order this past week extending the time for parties to respond to Perry Capital's petition through Dec. 18, 2017."
New order in the Cacciapalle case (U.S. Supreme Court).
Peter Chapman writes, "The Court entered an order this past week extending the time for parties to respond to the Cacciapalle Plaintiffs' petition through Dec. 18, 2017."

Friday November 10th 2017
What We’re Hearing: The Wilbur Ross Story / Tapping Mortgage Expertise - Inside Mortgage Finance
As Promised: If the GOP Lowers the Corporate Tax Rate, the GSEs are in Deep Trouble - Inside Mortgage Finance
Winner Announced: Fannie Mae’s Non-Performing Loan Sale - DS News

Thursday November 9th 2017
New filing in the Fairholme case, click here to view.
Peter Chapman writes, "The parties presented Judge Sweeney with a proposed order establishing a quick peek protocol that, within the next 60 days, will bring jurisdictional discovery to an end or result in Fairholme filing a third motion to compel."
2nd filing in the Fairholme case, click here to view.
Peter Chapman writes, "Fairholme, Arrowood and Treasury entered present Judge Lambert with a stipulation for his stamp of approval that removes Treasury from this litigation at this time."
3rd filing in the Fairholme case, click here to view.
Peter Chapman writes, "Judge Sweeney entered an order this afternoon placing her stamp of approval on the parties' quick peek protocol."
New filing in the Arrowood case, click here to view.
Peter Chapman writes, "Fairholme, Arrowood and Treasury presented Judge Lambert with a stipulation for his stamp of approval that removes Treasury from this litigation at this time."
How home ownership could get whacked by Washington - CNBC
Mnuchin at the Economic Club of New York today said Fannie-Freddie reform...via @joelight - Twitter
As U.S.'s Lack of Homebuilding Nears Crisis, Fannie Offers Help - Bloomberg
Fannie Mae wants to make it easier to build a home - The Real Deal
Senate GOP plan would delay corporate tax cut until 2019, breaking with Trump - The Washington Post
It is unclear how this could affect the GSEs DTAs.
Wants permanent solution for Fannie + Freddie Mac.  Will be a priority next year. #ECNYMnuchin via @EconClubNY - Twitter
ICBA: GSE reform will be a heavy lift - Scotsman Guide
Fannie Mae selling $1.23bn in NPLs to Goldman Sachs subsidiary - HousingWire
Third hearing on housing finance reform focuses on increased competition - Financial Regulation News

Wednesday November 8th 2017
New filing in the Roberts case, click here to view.
Peter Chapman writes, "David Thompson at Cooper & Kirk sent a letter to the Seventh Circuit this week pointing the judges to the section of the PSPAs that prevents the GSEs from paying down the liquidation preference on Treasury's senior preferred stock."
Property Rights of Fannie and Freddie Shareholders—Including Small Investors—Must Be Respected - cei.org
Fannie Mae and Freddie Mac Still Endanger U.S. Economy - cei.org
Blog: GSE debate inches forward - Scotsman Guide
Treasury’s GSE Plan Still a ‘Work in Progress.' No Balance Sheet Allowed? - Inside Mortgage Finance
Mapping the Course Toward Housing Finance Reform - mba.org
Backing Fannie and Freddie with funny money - The Washington Times

Tuesday November 7th 2017
New filing in the Rop case, click here to view.
Peter Chapman writes, "FHFA submitted its brief yesterday evening in opposition to the Rop Plaintiffs' motion for summary judgment and in support of the agency's motion to dismiss the Rop Plaintiffs' complaint. FHFA says the agency is constitutionally structured and urges Judge Maloney to find that the Rop Plaintiffs' claims lack merit."
Sustainable Housing Finance, Part III - Youtube
Sustainable housing finance - AEI
By Peter J. Wallison
Long-Time GSE Critic Peter Wallison Doesn’t Disappoint: Kill Fannie and Freddie, He Urges - Inside Mortgage Finance
Under Review: The Need for Housing Finance Reform - DS News

Monday November 6th 2017
New filings in the Rop case.
17-cv-00497-0034
17-cv-00497-0035
Peter Chapman writes, "Treasury filed a reply brief in support of its motion to dismiss the Rop Plaintiffs' complaint and a brief opposing the Rop Plaintiffs' summary judgment request. Treasury tells Judge Maloney that it did nothing wrong and he, like every other court to date, should block shareholder challenges to the Net Worth Sweep. Treasury maintains its position that the constitutional infirmities the Rop Plaintiffs see concerning FHFA don't hold water and provide no basis to invalidate the Third Amendment. Treasury urges Judge Maloney to grant its motion to dismiss and deny the Rop Plaintiffs' motion for summary judgment."
GSE Jumpstart Expires In Less Than 60 Days - Seeking Alpha by Glen Bradford
Federal Taxpayers Should Not Cover Guarantees in Any Future Mortgage-Backed Securities Market - The Daily Signal
House subcommittee examines need for housing finance reform - Financial Regulation News
Fannie, Freddie Conservatorship Takes Center Stage as Next Housing Finance Regime Comes Into Focus - RIS Media
Fairholme Funds, Inc. v. United States: Court Compels Production for Plaintiffs' Quick Peek over Defendant's Objection - The National Law Review





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