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


February 2018
Wednesday February 28th 2018
A new lawsuit has been filed. Owl Creek v. U.S., click here to view.
Peter Chapman writes, "Owl Creek filed a lawsuit against the government in the U.S. Court of Federal Claims late last week. Owl Creek is represented by a team of corporate restructuring lawyers led by Bruce Bennett at Jones Day. Owl Creek owned approximately $2 billion of junior preferred stock in the GSEs acquired post-conservatorship and prior to imposition of the Net Worth Sweep. Count III of the complaint, at pp. 43-44, says HERA's succession clause imposed duties on the government to honor the GSEs' contracts and look out for non-controlling shareholders' interests, and the government breached those duties. Count IV of the Complaint, at pp. 44-47, says the government breached its implied-in-fact contract with Owl Creek and other junior preferred shareholders."
Peter Chapman further writes, "Owl Creeks' team of lawyers at Jones Day has requested access to non-public discovery materials, and an updated chart showing who has access to those materials is (linked here)."
New note in the Collins case.
Peter Chapman writes, "Chief Judge Stewart and Judges Haynes and Willett are the three-judge panel who will hear argument in the Collins case before the Fifth Circuit one week from today in Fort Worth. See
http://www.ca5.uscourts.gov/clerk/calendar/1803/27.cthse.htm
"ICBA's @HaynieRon on GSE reform: There are modifications and reforms that need to happen..." via @ICBA - Twitter
Get the Housing Industry Out of the U.S. Tax Code - Bloomberg View
The GSEs are not mentioned.
End of Watt’s Term as FHFA Director Seen as Leverage for Republicans in Congress - Inside Mortgage Finance
Freddie Mac Portfolio Up $2.4 Billion - The MReport
Fannie & Freddie Bailout Request Highlights Need for Housing Finance Reform - atr.org
From February 19th.

Tuesday February 27th 2018
New filing in the Jacobs and Hindes case, click here to view.
Peter Chapman writes, "Messrs. Jacobs and Hindes filed their opening brief in the Third Circuit today. "The Net Worth Sweep is an absurdity under state corporate law, as it gives Treasury a perpetual quarterly 'dividend' equal to the entire positive net worth of Fannie and Freddie," Messrs. Jacobs and Hindes tell the Third Circuit. "Preferred stock of a Delaware or Virginia corporation cannot be given a cumulative dividend right committing the corporation to pay all profits every quarter, no matter how great, to the holder for all time to the absolute, permanent exclusion of dividends to all other stockholders," they explain. Accordingly, they argue, Judge Sleet goofed when he concluded HERA insulates FHFA's illegal actions from judicial review. Messrs. Jacobs and Hindes want the Third Circuit to vacate Judge Sleet's flawed ruling."
Eliminating Fannie Mae and Freddie Mac without legislation - Youtube
Courtesy of AEI
AEI Advocates for Trump to Solve the GSE Conundrum, Wants Private Sector to Take Control of the Housing Market - Inside Mortgage Finance
Could Fannie and Freddie Be Eliminated Without Legislation? - DS News
Eliminate Fannie Mae and Freddie Mac - U.S. News
Over-reserving reduced Fannie/Freddie profits - ft.com
By Bruce Berkowitz. "Follow the cash and you will see the truth."
Fannie and Freddie Return - housingfinance.com
Freddie Mac Monthly Volume Summary January 2018 - freddiemac.com

Monday February 26th 2018
Conservatives release blueprint for Trump to 'eliminate' Fannie Mae, Freddie Mac - Washington Examiner
"@PatrickMcHenry is downplaying housing finance reform getting done..." via @Zachary - Twitter
Trade group: America doesn’t need multiple GSEs - Scotsman Guide
"@NewYorkFed lists #GSE reform proposals in CRT study but leaves out the most comprehensive Moelis proposal just because" via @presvnconsv - Twitter
SFIG Agenda - imn.org
Click the 'Tuesday, February 27th 2018' tab and scroll down to 'State of GSE Reform: Discussion of Current Reform Models in Play and Their Relative Merits' at 1:30 pm. Landon Parsons of Moelis & Company is listed as a speaker.
Mortgage Comparison Tool: A Glimpse at Life Without the 30-Year Fixed-Rate Mortgage - Zillow
Credit unions want to keep GSEs, but with an explicit guarantee - National Mortgage News
Break's over: Congress returns to full banking-policy plate - American Banker
GSE Reform is discussed on slide 3.

Sunday February 25th 2018
GSE Stuff, Mueller, Russia, the NRA, and President Donald J. Trump - Bill Maloni's GSE Blog

Friday February 23rd 2018
New filing in the Roberts case, click here to view.
Peter Chapman writes, "FHFA sent the Seventh Circuit a letter yesterday advising that the U.S. Supreme Court declined to review the Perry decision from the D.C. Circuit."
Rising drumbeat for Trump to deal with Fannie and Freddie himself - Washington Examiner
Washington Dithers on GSE Reform as Housing Impedes Economic Growth - Investors Unite
What We’re Hearing: An ‘Administrative’ Solution for the GSEs More Likely? / Pac-Men? / Craig Phillips, a Candidate for the FHFA Job?... - Inside Mortgage Finance
Access to Safe, Decent and Affordable Housing Threatened - Los Angeles Sentinel
Experts: Changes to GSE Affordable Housing Goals Likely to Reduce Lending to Underserved Groups - Zillow
Why Fannie Mae Will Likely Fall to $0 - realmoney.thestreet.com
Eliminating Fannie Mae and Freddie Mac without legislation - AEI
Occurs Tuesday, February 27, 2018, 9:00 am - 11:30 am
Karen Petrou on How Mr. Mnuchin's Money Led to Treasury's Hard-Nosed Resolution Policy - fedfin.com
Jack Guttentag: Remove barriers to competitive home mortgage market - vcstar.com
Freddie Mac's (FMCC) CEO Don Layton on Q4 2017 Results - Earnings Call Transcript - Seeking Alpha

Thursday February 22nd 2018
New filings in the Fisher case.
13-608-0034
13-608-0035
Peter Chapman writes, "The Fisher Plaintiffs sought and obtained a two-week extension of the deadline to file their amended complaint and for the government to file its motion to dismiss."
New filings in the Reid case.
14-152-0020
14-152-0021
Peter Chapman writes, "The Reid Plaintiffs sought and obtained a two-week extension of the deadline to file their amended complaint and for the government to file its motion to dismiss."
New filing in the Washington Federal case, click here to view.
Peter Chapman writes, "Judge Sweeney's order granting the two-week extension is (linked above)."
New filing in the Fairholme case, click here to view.
Peter Chapman writes, "Judge Sweeney's order granting the two-week extension is (linked above)."
New filing in the Cacciapalle case, click here to view.
Peter Chapman writes, "Judge Sweeney's order granting the two-week extension is (linked above)."
New filing in the Rafter case, click here to view.
Peter Chapman writes, "Judge Sweeney's order granting the two-week extension is (linked above)."
New filing in the Arrowood case, click here to view.
Peter Chapman writes, "Judge Sweeney's order granting the two-week extension is (linked above)."
New filing in the Sammons case (W.D. of Texas), click here to view.
Peter Chapman writes, "The Solicitor General filed its brief yesterday urging the High Court to decline Mr. Sammon's invitation to explore the validity of the Tucker Act, the United States' sovereign immunity, the Constitution's Just Compensation Clause, or any other topic he raises in his petition for review."
Santelli Exchange: Former Treasury counsel on a ‘rogue Treasury... - CNBC Video
Treasury Doubling Down on Financial Crisis Mistakes? - The MReport
America’s taxpayers shoulder too much housing risk - The Economist
Making Sure the Senate’s Access and Affordability Proposal Works - Urban Institute
FHFA Establishes ‘Minimum’ Return on Equity Goals for Fannie and Freddie, Sparking New Speculation - Inside Mortgage Finance
PIMCO Points to the Benefits of Having the GSEs in Conservatorship - Inside Mortgage Finance
GSE and Housing Finance Reform Outlook via @DoNotLose - Twitter

Wednesday February 21st 2018
New filing in the Washington Federal case, click here to view.
Peter Chapman writes, "Washington Federal has asked Judge Sweeney to extend the deadline for it to file an amended complaint by two weeks to Mar. 8, and that the government's deadline to file a renewed motion to dismiss be extended to June 29."
New filing in the Fairholme case, click here to view.
Peter Chapman writes, "To keep the briefing schedule in all of the cases pending before Judge Sweeney, Fairholme is asking her to extend the deadline for it to file an amended complaint by two weeks to Mar. 8, and that the government's deadline to file a renewed motion to dismiss be extended to June 29."
New filing in the Rafter case, click here to view.
Peter Chapman writes, "The Rafter Plaintiffs want a two-week extension too."
New filing in the Arrowood case, click here to view.
Peter Chapman writes, "Arrowood also wants a two-week extension."
New filing in the Cacciapalle case, click here to view.
Peter Chapman writes, "The Cacciapalle Plaintiffs want a two-week extension as well."
Fannie and Freddie aren’t broken, so stop tinkering, Pimco tells Congress - MarketWatch
Short Takes: IU Chief Pagliara Weighs in on Supreme Court Decision / Bill Ackman is Now Underwater on his GSE Bets... - Inside Mortgage Finance
Fannie falls further from its ’10 Percent Moment’ - rstreet.org
Your IPO Can't Fail If It's Not an IPO - Bloomberg
Scroll down to 'Fannie and Freddie'

Tuesday February 20th 2018
Certiorari denied for the GSE court cases - supremecourt.gov
Supreme Court Rejects Hedge Funds on Fannie, Freddie Suits - bloomberg.com
U.S. top court rejects investor appeals over Fannie Mae, Freddie Mac - Reuters
Supreme Court won't hear Fannie-Freddie shareholder case - MarketWatch
Hedge funds find no help from Supreme Court on Frannie suits - Seeking Alpha
Statement by Investors Unite Executive Director Tim Pagliara on U.S. Supreme Court’s Declining to Take up Shareholder Suits Stemming from Net Worth Sweep - Investors Unite
Tim Howard comments on the Supreme Court decision - Howard on Mortgage Finance
Fannie and Freddie Died But Were Reborn, Profitably: QuickTake - The Washington Post
Community bankers say Fannie and Freddie need stronger capital buffers - financialregnews.com
The Mel Watt Factor Looms Large as GSE Reform Sags - Inside Mortgage Finance
HFSC Chairman Hensarling Demands Explanation from Watt on Housing Trust Fund Payments - Inside Mortgage Finance
GSEs' loan counts fall in 2017 - Scotsman Guide
GSE Reform Impact on Communities - DS News
Lenders advocate ‘guarantor-based’ GSE reform - doddfrankupdate.com
Subscription required for access.
The Future of Fannie and Freddie - American Affairs Journal

Monday February 19th 2018
Plaintiffs Say Letter Agreement Ensures Shareholders Get Nothing - Seeking Alpha by Glen Bradford
Private Efforts For Affordable Mortgage Lending Before Fannie And Freddie - Talk Markets
Housing Trust Fund, Capital Magnet Fund Continue to See Increased Contributions from the GSEs - novoco.com
Exploring the Impact of Proposed Housing Finance Reform - The MReport
Orders of the Court - Term Year 2017 - supremecourt.gov
Supreme Court orders are posted here.

Saturday February 17th 2018
New filing in the Fairholme case, click here to view.
Peter Chapman writes, "Fairholme and Arrowood delivered their response to FHFA, Fannie and Freddie's motion to dismiss (Doc. 66 filed on Jan. 10, 2018, in Case No. 13-mc-01288) to Judge Lamberth yesterday evening. Fairholme and Arrowood tell Judge Lamberth that while FHFA argues shareholders' contract claims aren't ripe, they are because the D.C. Circuit said they are in the Perry decision. Further, while HERA and the PSPAs presumably could have eliminated public shareholders' interests in the GSEs, Congress and the PSPAs didn't do that. As a result, shareholders are entitled to damages and restitution."
New filing in the Fairholme case, click here to view.
Peter Chapman writes, "Counsel to the Rafter Plaintiffs sent Judge Sweeney a letter yesterday disclosing an inadvertent breach of the Protective Order entered in Fairholme v. U.S. Apparently, one sentence from one still-sealed document FHFA produced was included in a draft of the Rafter Plaintiffs' amended complaint to be filed later this month, and that draft containing that secret sentence found its way to David Klafter at Pershing Square. Pershing Square has done everything it knows to do to contain the leak."
New filing in the Fannie Mae/Freddie Mac Senior Preferred Stock Purchase Agreement Class Action Litigations case, click here to view.
Peter Chapman writes, 'The Class Plaintiffs delivered their response to FHFA's motion to dismiss to Judge Lamberth yesterday evening. "Some might think that private shareholders had no right to receive anything even before the Third Amendment was agreed to on August 17, 2012 -- or that they did not 'deserve' to receive anything given that they were owners in distressed entities that Treasury 'bailed out' through its funding commitments," the Class Plaintiffs tell Judge Lamberth, "[b]ut that is neither legally correct nor fair." The Class Plaintiffs urge Judge Lamberth "to recognize the basic fairness underlying Plaintiffs' claims not because the law is against us, but because the law is overwhelmingly with us. The only thing that could be against us is an instinct to favor the Government based on the perception that it stepped into the breach during a crisis. But even if that perception were fully accurate, it is not the whole story, and it cannot justify what happened in August 2012."'
JACK GUTTENTAG: Finding a credible solution to political gridlock over Fannie and Freddie - heraldtribune.com

Friday February 16th 2018
New filings in the Rop case.
17-cv-00497-0041
17-cv-00497-0042
17-cv-00497-0043
Peter Chapman writes, "Treasury shared a copy of the Delaware Supreme Court's recent decision in California v. Alvarez earlier this month to Judge Maloney. Yesterday, the Rop Plaintiffs responded to FHFA and Treasury's submissions of the California and PHH decisions. The Rop Plaintiffs tell Judge Maloney that its claims can't be derivative if HERA's succession provision is valid, and he should follow Judges Henderson and Kavanaugh's dissenting opinions saying CFPB (like FHFA) is unconstitutionally structured."
Don’t reinvent the wheel on housing finance: Restore Fannie and Freddie - American Banker
What We’re Hearing: Death, Taxes and the GSEs / Sweet Tax Cows / Not a Peep Out of Pershing Square and Fairholme / The Wrath of Jeb... - Inside Mortgage Finance
Hensarling Demands Watt Explain GSE Payments  - house.gov
Link to Letter
Jeb Hensarling challenges Fannie, Freddie regulator for allowing affordable housing payouts after bailout - Washington Examiner
Hensarling blames Watt for GSEs needing Treasury money, demands answers - HousingWire
Fannie and Freddie Seek Cash Infusions, Elevating Reform Agenda and Its Affordable Housing Hang-Up - Forbes
Treasury’s Take on Housing Finance Reform - refinblog.com
Access To Safe, Decent And Affordable Housing Threatened - eurweb.com
Freddie Mac Announces First NPL Sale of 2018 - marketwired.com

Thursday February 15th 2018
Freddie Mac 2017 Full Year Financial Results and 2017 Fourth Quarter Financial Results - freddiemac.com
Freddie Mac Reports Full Year and Fourth Quarter 2017 Financial Results - marketwired.com
Freddie Mac reports $3.3 billion loss in Q4 - HousingWire
Freddie Mac joins Fannie Mae in needing federal funds because of accounting losses - Washington Examiner
Freddie Mac Reports $3.3B Q4 Loss - National Mortgage Professional
Freddie, Like Fannie, Sees 4Q Results Get Smacked Around Because of Tax Changes, Will Need a $312 Million Check from Treasury - Inside Mortgage Finance
Fannie/Freddie Need Your Money Again, But Not Like They Used To - Mortgage News Daily
Fannie Mae And Freddie Mac Q4 Earnings Recap - benzinga.com
Fannie, Freddie rear ugly heads from 10-year limbo - breakingviews.com
Fannie and Freddie Seek Cash Infusions, Elevating Reform Agenda and Its Affordable Housing Hang-Up - Forbes
Hill Responds to Fannie Mae and Freddie Mac Bailout Request - house.gov
Entirely Preventable GSE Bailout Not Prevented - Seeking Alpha by Glen Bradford
GSE reform isn't dead, but it isn't going anywhere either - American Banker
Civil rights advocates oppose returning secondary mortgage market to Wall Street - The St. Louis American
Another Plea From Fannie Mae - The Wall Street Journal
Subscription required for access.
At $600K a Year, Fannie Mae CEO Tim Mayopoulos is Underpaid. GSE Worries About CEO ‘Succession’ Planning - Inside Mortgage Finance
Fannie Mae's (FNMA) CEO Tim Mayopoulos on Q4 2017 Results - Earnings Call Transcript - Seeking Alpha
Short Takes: Is Mel Watt Dropping Hints? / A Utility Model for Fannie and Freddie?... - Inside Mortgage Finance

Wednesday February 14th 2018
Fannie Mae Full Year and Fourth Quarter 2017 Results - fanniemae.com
Fannie Mae Reports Fourth Quarter and Full-Year 2017 Financial Results - prnewswire.com
Happy Valentine’s Day Taxpayers! Instead of Chocolate, Here’s a Bill for $3.7 Billion. - Investors Unite
Fannie Needs First U.S. Aid Since 2012 After Tax-Cut Loss - Bloomberg
Fannie Mae needs $3.7 billion from the Treasury thanks to tax cuts - Washington Examiner
Fannie needs first bailout funds since 2012 after tax-cut loss - American Banker
Fannie Mae needs billions from Treasury for the first time since 2012. What happened? - HousingWire
Fannie Mae to turn to taxpayers after $6.5 billion loss - MarketWatch
New GOP Tax Law Blows a Hole in Fannie Mae’s 4Q17 Results, FHFA Expected to Ask Treasury for $3.7B in Cash to Eliminate the ‘Net Worth’ Deficit - Inside Mortgage Finance
"Hidden in Fannie 4Q: new ROE standards that turn GSEs into utilities" via @KarenPetrou - Twitter
Subscription required to read the article in the tweet.
Tim Howard comments on @KarenPetrou's tweet - Howard on Mortgage Finance
Sanders lauds continuation of affordable housing funding - vermontbiz.com
Fannie Mae CEO: We will return to profit in 2018 - HousingWire
ICBA Statement on Fannie Mae Quarterly Loss - icba.org
Hensarling Criticizes Fannie Mae Bailout Request  - house.gov
Jeb Hensarling rips Fannie Mae's request for a $3.7 billion 'bailout' - Washington Examiner
Fannie's $3.7B drawdown not as bad as it looks, CEO says - National Mortgage News
Is VIX Manipulated or Hedged? - Bloomberg
Why The U.S. Government Should Guarantee Your Mortgages - Seeking Alpha
127 Mortgage Banking Executives Sign ‘Open Letter’ to Congress on GSE Reform - Inside Mortgage Finance
An Open Letter to Congress on GSE Reform - mba.org
Obamacare & GSEs- Key Players Trading Hats - Scribd
Not sure on the date of this one.

Tuesday February 13th 2018
Sen. Cory Gardner questions Mick Mulvaney on the GSEs via @ethan2369 - Twitter
President’s FY 2019 Budget Proposal (Video) - senate.gov
GSEs come up at 01:12:15. This is the full video from the link above.
Washington is budgeting a $5.1 billion taxpayer bailout for Fannie and Freddie - MarketWatch
Subs: Interesting Treasury Budget Item for GSE’s - Valueplays
Short Takes: The Trump Budget and the GSEs (Not So Good) / No More GSE Money for Affordable Housing / Treasury Wants to ‘Right Size’ Federal Housing Programs... - Inside Mortgage Finance
Busted Preferred Showdown: PG&E Vs. Fannie/Freddy - Seeking Alpha
The Fed as a Piggy Bank?  Of Course! - rstreet.org
The article contains a brief GSE mention.
Fannie Mae hopes to shed more than $1 billion of delinquent loans - The Real Deal

Monday February 12th 2018
Treasury Strategic Plan 2018 - 2022 - treasury.gov
GSEs are discussed on pages 16 and 17.
The Budget for Fiscal Year 2019 - whitehouse.gov
Information on the GSEs on page 932.
Tim Howard comments on the White House budget - Howard on Mortgage Finance
Trump budget proposes to reduce deficit by raising g-fees - HousingWire
"Budget appears to include an extra $25.7 billion over 10 years from increasing guarantee fees charged by the GSEs..." via @joelight - Twitter
Fannie and Freddie Mortgages Face Higher Fees Under Trump Budget - Bloomberg
U.S. Housing Finance Reform: Why Fix What Isn’t Broken? - pimco.com
Could Mel Watt Save the Day? - Bill Maloni's GSE Blog
Housing Advocates Worried about Sen. Corker’s GSE Reform Draft - Inside Mortgage Finance
Trump Budget: DTA Hits Mean Treasury Draws for Fannie and Freddie. White House Wants to Cut Contributions to the Housing Trust Fund - Inside Mortgage Finance
Freddie Mac Announces Release Date for Fourth Quarter and Full-Year 2017 Financial Results - marketwired.com
"Freddie Mac announced today that it plans to report its fourth quarter and full-year 2017 financial results before the U.S. financial markets open on Thursday, Feb. 15, 2018."

Saturday February 10th 2018
Fannie Mae and Freddie Mac Stock Top Stocks to Buy 2018 - Youtube
The video references this National Review article from 05/04/2016.

Friday February 9th 2018
New notation in the Robinson case (U.S. Supreme Court).
Peter Chapman writes, "The Clerk made a notation on the court docket this week indicating that Justice Kagan granted Ms. Robinson's request."
Corker-Warner Bill Would Perpetuate Fannie and Freddie’s Limbo - Morning Consult
Fannie Mae and Freddie Mac Have a New ‘Duty’ to Serve Rural America – Daily Yonder
FHFA OIG Takes Issue with Regulator’s Handling of Potential Conflicts Involving Fannie Mae Executives - Inside Mortgage Finance
Conference on the Taxpayer Protection Housing Finance Plan - aei.org
Occurs Tuesday, February 27, 2018
Fannie and Freddie May Be Totally Revamped in the Blink of an Eye - National Mortgage Professional

Thursday February 8th 2018
New filing in the Voacolo case, click here to view.
Peter Chapman writes, "Mr. Voacolo's lawyers mailed a copy of their client's complaint to the U.S. Attorney in Newark, N.J., today, and a copy of the court filing memorializing that event is (linked above)."
What An Overhaul Of Fannie Mae And Freddie Mac Would Mean For Commercial Real Estate - Forbes

Wednesday February 7th 2018
New filing in the Collins case, click here to view.
Peter Chapman writes, "The Collins Plaintiffs responded yesterday to Treasury's letter directing the Fifth Circuit's attention to the Delaware Supreme Court's decision in California v. Alvarez. The Collins Plaintiffs tell the Fifth Circuit that their claims have to be direct rather than derivative -- especially if HERA says shareholders can't stand in the GSEs' shoes, as FHFA and Treasury repeatedly argue."
Karen Petrou on How to Love a Mortgage Monopoly - fedfin.com
Fannie Mae Announces Scheduled Release of Fourth Quarter and Full-Year 2017 Financial Results - prnewswire.com
"Fannie Mae today announced plans to report its fourth quarter and full-year 2017 financial results on Wednesday morning, February 14, 2018, before the opening of U.S. financial markets."
How FHFA could reform housing finance if Congress doesn't - American Banker
Subscription required for access.
Crisis looms in secondary mortgage market that could have harsh consequences for Cleveland home-buyers: Michael Pires (Opinion) - cleveland.com
Short Takes: The FHFA Version of Mick Mulvaney / Political Appointees at the FHFA? / Waiting on Hensarling’s GSE Draft... - Inside Mortgage Finance

Tuesday February 6th 2018
New filing in the Arrowood case, click here to view.
Peter Chapman writes, "Arrowood's first amended complaint was filed on Feb. 1 and docketed this morning."
New filings in the Collins case.
17-20364-00514334193
17-20364-00514337464
Peter Chapman writes, "FHFA provided the Fifth Circuit with a copy of the D.C. Circuit's decision in PHH v. CFBP late last week and the Collins Plaintiffs filed a response today. FHFA tells the appellate court that the PHH decision closely tracks the ruling from district court now under review. The Collins Plaintiffs urge the Fifth Circuit panel to carefully review and follow Judge Henderson and Kavanaugh's dissenting opinions in PHH because any government agency with no accountability to the President, Congress or the Courts can't be the right result."
New filing in the Robinson case (U.S. Supreme Court), click here to view.
Peter Chapman writes, "Ms. Robinson is asking the U.S. Supreme Court to extend her time to file a petition seeking review of the Sixth Circuit's decision to Mar. 22, 2018."
Chairman Hensarling’s False Choice on Affordable Housing and GSE Reform - Investors Unite
Statement of Secretary Steven T. Mnuchin Before the U.S. House Financial Services Committee - treasury.gov
Steven Mnuchin Mostly Meh on Market Drop - rollcall.com
Financial Stability Oversight (Full Video) - c-span.org
Chairman Hensarling and Treasury Secretary Steven Mnuchin discuss the next FHFA Director - c-span.org
Regulators will float proposal before revamping SIFI process: Mnuchin - American Banker
Tim Howard comments on Rep. Hensarling's new GSE strategy - Howard on Mortgage Finance
FHFA Finalizes 2018-2020 Housing Goals For Fannie Mae and Freddie Mac - fhfa.gov
Short Takes: ...Fretting Over Fannie-Freddie Common / The GSE Message from Jeb and Steve... - Inside Mortgage Finance
Chairman of House Financial Services Subcommittee Pondering GSE Reform - Inside Mortgage Finance
Tim Howard comments on David Stevens' latest blog post - Howard on Mortgage Finance
Las Vegas in need of housing, finance reform - Las Vegas Sun

Monday February 5th 2018
New filing in the Fairholme case, click here to view.
Peter Chapman writes, "Fairholme filed a copy of its amended complaint this afternoon."
New filing in the Fannie Mae/Freddie Mac Senior Preferred Stock Purchase Agreement Class Action Litigations, click here to view.
Peter Chapman writes, "The Class Plaintiffs filed their second amended complaint this afternoon."
Waiting for Mr. Corker - Howard on Mortgage Finance
Fannie Mae (FNMA) & Freddie Mac (FMCC) – Where Did The Money Go? - ValueWalk
Freddie, Fannie, Finis? - fxstreet.com
Short Takes: Ginnie is Good, but is it That Good? / Brunts Bolts Freddie for USB... - Inside Mortgage Finance
Open Mind on GSE Reform - davidhstevensblog.wordpress.com
GSE reform bill could be Congress' last chance - Scotsman Guide
The New Fannie and Freddie on the Way - The National Real Estate Post
Fairholme Funds (Bruce Berkowitz) 2017 Annual Report And Portfolio Manager's Letter - Seeking Alpha

Sunday February 4th 2018
The man had a VISION worth considering... - Bill Maloni's GSE Blog

Friday February 2nd 2018
Civil rights, affordable housing groups bash bipartisan Fannie, Freddie reform bill - Washington Examiner
Clock running out to get housing finance reform moving - American Banker
Subscription required for access.
What We’re Hearing: ...Investors Unite Weighs in on the Corker Bill (Not Happy) / Mnuchin’s GSE Plan - Inside Mortgage Finance
GSE Credit-Risk Transfers Slowed Significantly in 4Q17 - Inside Mortgage Finance
NAR Wants FHFA to Reduce G-Fees, LLPAs - Inside Mortgage Finance
“Thus far, this legislative proposal was developed with little to no input from civil rights groups and affordable housing advocates..." via @RobTVDC - Twitter

Thursday February 1st 2018
New filings in the Fannie Mae/Freddie Mac Senior Preferred Stock Purchase Agreement Class Action Litigations.
13-mc-01288-0068
13-mc-01288-0069
13-mc-01288-0070
Peter Chapman writes, "Judge Lamberth entered orders this morning approving the parties' plan to wrap up briefing on the amended complaints by Mar. 16."
New filing in the Collins case, click here to view.
Peter Chapman writes, "The Department of Justice provided the Fifth Circuit with a copy of a decision from the Delaware Supreme Court last week saying that issue preclusion bars shareholders pursuing derivative claims from relitigating issues that were decided against other shareholders in an earlier derivative suit. The decision, the government says, provides further support to Treasury's argument that issue preclusion bars the Collins Plaintiffs from relitigating issues that were decided against GSE shareholders by Judge Lamberth and upheld by D.C. Circuit."
New filing in the Bhatti case, click here to view.
Peter Chapman writes, "FHFA delivered a copy of yesterday's 6-3 decision from the D.C. Circuit in PHH v. CFPB finding no constitutional defect in the way Congress structured that bureau."
New filing in the Rop case, click here to view.
Peter Chapman writes, "FHFA delivered a copy of yesterday's decision in PHH v. CFPB Judge Maloney today."
Can Bob Corker Pass Housing Reform? - Seeking Alpha by Glen Bradford
Corker-Warner Bill Again Negates Shareholder Rights - Investors Unite
Fairholme 2017 Annual Report - fairholmefundsinc.com
Berkowitz: On Fannie Mae “I expect further gains from any Trump Administration-led initiative” - ValueWalk
Trump White House Working on a ‘Short List’ to Replace FHFA Director Mel Watt? - Inside Mortgage Finance
Housing Finance Reform Waits for the Democrats to Show Up. (Don’t Hold Your Breath) - Inside Mortgage Finance
The Fairholme case before the U.S. Supreme Court has been Distributed for Conference of 2/16/2018 - supremecourt.gov
Why Fannie May and Freddie Mac Should be Subject to FOIA, and How it Could Happen - San Diego Free Press
The Epic Story of Fannie and Freddie: Is There an End in Sight? - richardmbowen.com
FHFA’s 2018 Goals: Liquidity, Stability, Access in Housing Finance - The MReport
GSE bill would expand competition and Ginnie Mae - Scotsman Guide
Rethinking the Mortgage Industry: Is There a Better Way to Subsidize? - upenn.edu
Secy Mnuchin: Congress Should Tackle Fannie, Freddie Or Treasury Will - oann.com








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