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


August 2017
Thursday August 24th 2017
New filing in the Fairholme case.
Peter Chapman writes, "Under seal, Fairholme delivered a reply (Doc. 387) to the government's still-sealed response to Fairholme's second motion to compel to Judge Sweeney this evening. A redacted copy should be filed in the coming days or weeks."
Paulson Merger Arbitrage - schroders.com
GSEs are discussed on the top of page 2.
U.S. Fed buys $6.7 bln of mortgage bonds, sells none - nasdaq.com

Wednesday August 23rd 2017
Everything you need to know about Fannie, Freddie appraisal-free purchase mortgages - HousingWire

Tuesday August 22nd 2017
NAFCU CUs, staff meet with Mnuchin at Treasury today on CU issues - nafcu.org
Housing Finance Reform Principles - nafcu.org
MBA Housing Finance Reform Plan Would Address MA Affordable Housing Crisis - prnewswire.com

Monday August 21st 2017
New filing in the Roberts case, click here to view.
Peter Chapman writes, "The Roberts Plaintiffs delivered their reply brief to the Seventh Circuit today. The Roberts Plaintiffs urge the Seventh Circuit to tell Treasury it exceeded its authority under HERA and say that sec. 4617(f) of HERA doesn't insulate Treasury and FHFA from GSE shareholder litigation."
Tim Howard offers his perspective on yesterday's article by Alex Pollock - Howard on Mortgage Finance
Five simple ways GSE reform can narrow the homeownership gap - American Banker
Short Takes: Treasury Secretary Mnuchin is Staying Put / Bet on an ‘Administrative’ Fix for the GSEs?... - Inside Mortgage Finance
Watt Hinted He Won’t Alter the Dividend Payment Soon but That Doesn’t End the Debate - Inside Mortgage Finance

Sunday August 20th 2017
Treasury Should Not Bail Out Fannie’s and Freddie’s Subordinated Debt - economics21.org
By Alex J. Pollock

Friday August 18th 2017
The US government is still propping up its mortgage market - ft.com
What We’re Hearing: The Nation’s Volume Leader in the ‘New’ Nonconforming Is… / Sales Executive Departs / Don’t Stop Believin’ (in Fannie and Freddie)? / ‘Contract Law’ and GSE Common Shares... - Inside Mortgage Finance
Bill Ackman Comments on Fannie Mae, Freddie Mac - gurufocus.com

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
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.








submit a link - whiteghost@mail.com