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"Ultimately, Truth Prevails"


January 2017
Tuesday January 31st 2017
New filing in the Perry case, click here to view.
Peter Chapman writes, "Fairholme's lawyers alerted the D.C. Circuit to the Federal Circuit's decision upholding most of Judge Sweeney's discovery-related rulings. Fairholme tells the D.C. Circuit that it is now obvious that the administrative record on which Judge Lamberth based his opinion dismissing the District Court litigation was incomplete."
New filing in the Fairholme case, click here to view.
Peter Chapman writes, "Judge Sweeney entered an order this afternoon confirming that the government can withhold production of eight of the 56 allegedly privileged documents she reviewed in her chambers at Fairholme's request. A copy of Judge Sweeney's order entered this afternoon is (linked above). A chart identifying the eight secret documents and the 48 documents the government needs to provide to Fairholme's lawyers is (linked here)."
2nd filing in the Fairholme case, click here to view.
Peter Chapman writes, "Judge Sweeney entered a second order today directing the parties to file a joint status report on or before Mon., Feb. 21, 2017 (which is a non-existent date, but why quibble?) how they want to proceed to complete jurisdictional discovery and briefing of the government's motion to dismiss."
In the Fairholme case, Peter Chapman notes, "According to Judge Sweeney's order (Doc. 351) dated Dec. 13, 2016, the government is scheduled to provide its explanation about why it shouldn't be required to pay Fairholme's legal fees required to obtain access to the 48 documents that the Federal Circuit said yesterday aren't privileged by Mon., Feb. 20."
New filing in the Pagliara v. Fannie Mae case, click here to view.
Peter Chapman writes, "FHFA sent Judge Sleet a letter this afternoon telling him that the U.S. Supreme Court's decision in Lightfoot v. Cendant is irrelevant."
New filing in the Jacobs and Hindes case, click here to view.
Peter Chapman writes, "Treasury sent Judge Sleet a letter this afternoon telling him that he should review the U.S. Supreme Court's decision in Lightfoot v. Cendant in connection with Messrs. Jacobs and Hindes' lawsuit pending in Delaware."
New filing in the Saxton case, click here to view.
Peter Chapman writes, "The Saxton Plaintiffs don't share FHFA's enthusiasm about the applicability of Judge Scola's decision in Edwards v. Deloitte to their case pending in Iowa. The Saxton Plaintiffs tell Chief Judge Reade that Edwards v. Deloitte is easily distinguishable and, most likely, inapplicable."
Government Loses Battle Over GSE Secrecy - Investors Want Discovery - Seeking Alpha by Glen Bradford
Tim Pagliara – Court orders Fed to turn over Fannie, Freddie documents - Valuewalk
Treasury must release Freddie and Fannie documents to investors, court says - Miami Herald
GSE Reform Principles and Guardrails - mba.org
Fannie Mae-Freddie Mac Should Become Utilities, Trade Group Says - Bloomberg
Step one: MBA reveals plans to reform Fannie Mae and Freddie Mac - HousingWire
Mortgage bankers group unveils GSE reform ideas - Seeking Alpha
Step one: MBA reveals proposal to reform Fannie Mae and Freddie Mac - HousingWire
Explicit Federal Guarantee Is Key to Ending GSE Conservatorship - National Mortgage News
MBA’s New GSE Plan Looks a Little Like Its Old Plan; Slams Door on ‘Recap and Release’ - Inside Mortgage Finance
Graham Fisher Initial Comments on MBA GSE Reform Principles Report - Scribd
Senate Democrats boycott Mnuchin and Price, delay confirmation vote - HousingWire
Senate Finance Democrats boycott Mnuchin, Price votes - Politico
Fairholme Funds 2016 Annual Report - fairholmefundsinc.com
BRIEF-Freddie Mac prices first STACR deal of 2017 - Reuters

Monday January 30th 2017
New filing in the Fairholme case, click here to view.
Peter Chapman writes, "The Federal Circuit entered its order this morning partially granting the government's mandamus petition. The Federal Circuit upheld Judge Sweeney's rejection of the Bank Examination Privilege, meaning Fairholme will get those documents. The Federal Circuit agreed with some of Judge Sweeney's Deliberative Process Privilege rulings and disagreed with others, so Fairholme will get some by not all of those documents. The Federal Circuit rejected Judge Sweeney's Presidential Communication Privilege analysis, so Fairholme won't get the White House documents it wanted."
New filing in the Roberts case, click here to view.
Peter Chapman writes, "The Roberts Plaintiffs tell Judge Chang that Judge Scola's decision in Edwards v. Deloitte isn't controlling, is easily distinguishable and, if anything, Judge Scola's analysis bolsters the Roberts Plaintiffs' position rather than FHFA's."
New order in the Deloitte case. Peter Chapman writes, 'Judge Scola entered a paperless order this afternoon saying "The Court substituted the Federal Housing Finance Agency as the Plaintiff in this action on January 18, 2017. By February 6, 2017, the parties shall inform the Court about the status of the case and the parties' proposed schedule for how to proceed."'
New filings in the Pagliara v. Freddie Mac case.
Appellees' Response to Motion to Dismiss...
Order
Rule 42(b) Mandate
Peter Chapman writes, "Freddie Mac and FHFA advised the Fourth Circuit today that they have no objection to Mr. Pagliara withdrawing his appeal and, without delay, the Fourth Circuit entered an order and mandate dismissing the proceeding. Copies of the documents memorializing today's action are (linked above)."
A One-Year Retrospective - Howard on Mortgage Finance
First Week Of February May Be Big For Fannie And Freddie - Seeking Alpha by Glen Bradford
Twists and Turns of GSE Life Inside the Beltway - Bill Maloni's GSE Blog
8 denied documents that the Government can keep... via @aspit - Twitter
Court Orders Justice Dept. to Release Fannie Mae and Freddie Mac Documents - NY Times
By Gretchen Morgenson
Court Affirms Burden on Government to Hand Over Most Documents in Fairholme Suit - Investors Unite
More Fannie, Freddie disclosures possible after U.S. court ruling - Yahoo
Appeals court rules against Treasury in GSE case - American Banker
Subscription required.
Mortgage-Backed Securities And What They Mean For The Market - Benzinga
Democrats declare opposition to Mnuchin, delay confirmation vote - HousingWire
Open Executive Session to Consider the Nomination of Steven Terner Mnuchin to be Secretary of the Treasury... - senate.gov
Now occuring Tuesday at 10 AM EST. Check back for live video of this hearing.
Citigroup exiting mortgage servicing business - MarketWatch
Alignment, Uncertainty Challenge GSE Single Security Initiative - GoRion
Fannie Mae Monthly Summary December 2016 - fanniemae.com

Sunday January 29th 2017
Steve Mnuchin - The Truth about Fannie and Freddie
Hatch Announces Executive Session to Consider Treasury Secretary Nominee - senate.gov

Saturday January 28th 2017
Mnuchin Dims Banks’ Hopes He Will Allow a Prop-Trading Revival - Bloomberg
Mnuchin wrote that “any solution will be dependent upon the GSEs being capitalized properly and other such controls that eliminate risk to taxpayers.”

Friday January 27th 2017
New filing in the Pagliara v. Fannie Mae case, click here to view.
Peter Chapman writes, "In a letter addressed to Judge Sleet today, Mr. Pagliara's lawyers in Delaware urge the Court, once again, to consider and decide Mr. Pagliara's remand request before addressing FHFA's substitution request, and, in the event that the Court wants to rule on substitution before remand, wait until a ruling comes from the D.C. Circuit in Perry v. Lew. Mr. Pagliara's lawyers also direct Judge Sleet's attention to a recent decision in Lightfoot v. Cendant that says federal courts aren't the only places where Fannie Mae can sue and be sued."
Kroll Rating Agency Frames GSE Reform Around Urban Myths - Fiderer on GSEs
H.R.491 - Let the GSEs Pay Us Back Act of 2017 - congress.gov
The text of the bill was released today.
H.R. 491 - Boom! - Reddit
Freddie Mac Portfolio Growth at 8 Year High - The MReport
Pershing Square: A Reformed Fannie And Freddie Will Be Worth 'A Multiple Of Their Current Price' - Benzinga
Fannie Mae Issues $14.4 Billion of Multifamily MBS in the Fourth Quarter of 2016 - PR Newswire
FNMA daily thread - Reddit
CMBS Issuance Fell in 2016, but Fannie and Freddie Were Rock Stars - Inside Mortgage Finance
Tim Howard's thoughts on Fannie Mae's CAS receiving top honors from Risk Magazine - Howard on Mortgage Finance
The editor of Risk Magazine shows up below Tim's comment with further input.
Ackman, Berkowitz May Not Get Their Fannie Mae Payout So Fast Under Trump - gurufocus.com
Senate panel to vote on treasury candidate Mnuchin Monday - Washington Examiner

Thursday January 26th 2017
GSE Net Worth Sweep May Continue Into 2017 - Seeking Alpha by Glen Bradford
Fannie Mae Criticized for New Texas Office - National Mortgage Professional
Good comments after the article.
RBS Sets Aside $3.8B More for Settlements - DS News
RBS Gains After $3.8 Billion Charge Tied to U.S. Mortgage Probe - Bloomberg
Freddie Mac Monthly Summary December 2016 - freddiemac.com
How The Obama Administration Quietly Bailed Out Private Equity Landlords At The Expense Of The Middle Class - ZeroHedge
Why FHFA Is Seeking More Data on Chattel Loans - National Mortgage News
Pershing Square Annual Update Presentation - Valuewalk
GSEs start on page 55.
Mnuchin Faces More Queries on China, Debt Before Senate Vote - Bloomberg
"With the Senate out of session until Monday, Mnuchin’s confirmation will be delayed until early February as he awaits a committee and then full Senate debate and vote."

Wednesday January 25th 2017
New filing in the Jacobs and Hindes case, click here to view.
Peter Chapman writes, "FHFA alerted Judge Sleet yesterday about Judge Scola's decision in Edwards v. Deloitte, and sent the Delaware court a letter echoing the letter sent to the D.C. Circui a few days ago."
New filing in the Roberts case, click here to view.
Peter Chapman writes, "FHFA alerted Judge Chang yesterday about Judge Scola's decision in Edwards v. Deloitte, and sent the court a notice parroting the letter it sent to the D.C. Circuit a few days ago."
New filing in the Saxton case, click here to view.
Peter Chapman writes, "FHFA alerted Chief Judge Reade about Judge Scola's decision in Edwards v. Deloitte, and sent the court a notice parroting the letter it sent to the D.C. Circuit a few days ago."
New filing in the Pagliara v. Fannie Mae case, click here to view.
Peter Chapman writes, "FHFA sent Judge Sleet a letter today advising the Court that Mr. Pagliara moved to dismiss his appeal to the Fourth Circuit. FHFA argues that because Mr. Pagliara has abandoned his appeal to the Fourth Circuit, that should moot his opposition to substitution in the Delaware litigation and insulate Fannie Mae's books and records from shareholder review."
New filing in the Perry case, click here to view.
Peter Chapman writes, "In a letter sent to the D.C. Circuit yesterday, Fairholme says the claims brought by the Edwards Plaintiffs in Florida against Deloitte are separate and distinct from the APA and contract claims brought by shareholders in the D.C. litigation, so Judge Scola's decision is not as relevant as FHFA wants to believe."
Governance, Advisers and Derivatives - BloombergView
BOVE: Mortgage markets are in 'more disarray' than they were in 2008 - Yahoo
U.S. senator questions $24.2M in 'excessive costs' tied to Fannie Mae consolidation in Plano - Dallas Business Journal
Adventuring In Neverland - Seeking Alpha
GSEs are briefly mentioned.
Government's Fannie Mae will back PE giant Blackstone's rental homes debt - CNBC
Fannie Mae Backs Up Blackstone - The MReport

Tuesday January 24th 2017
New filing in the Collins case, click here to view.
Peter Chapman writes, "Judge Atlas entered an order today fixing Feb. 9 as the deadline for the Collins Plaintiffs to respond to FHFA and Treasury's motions to dismiss and Feb. 27 as the deadline for FHFA and Treasury to file their replies."
New filing in the Piszel case, click here to view.
Peter Chapman writes, "Our government tells the Federal Circuit it should deny Mr. Piszel's request for a rehearing en banc and leave the three-judge panel's decision undisturbed."
Blackstone wins Fannie's backing for rental homes - MarketWatch
Remember ABX? Wall Street Said to Test New Mortgage Index - Bloomberg
Son of ABX coming to Wall Street - Seeking Alpha
Hearing on the Nomination of Steve Mnuchin to be Secretary of the Treasury Senate Finance Committee Questions for the Record January 2017 - Politico
Hearing to Consider Nomination of Rep. Mick Mulvaney (R-S.C.) to lead OMB - senate.gov
Sen. Corker discusses Fannie and Freddie at 1:20:50. 
Suspending FHA Premium Cut is a Good Thing, Says AEI’s Ed Pinto - Inside Mortgage Finance

Monday January 23rd 2017
New filing in the Perry case, click here to view.
Peter Chapman writes, "FHFA wants the D.C. Circuit to know about Judge Scola's decision in Edwards v. Deloitte, and sent the appellate tribunal a letter about it today. FHFA says that Judge Scola's decision is consistent with FHFA's position: GSE shareholder claims are derivative, and HERA bars those claims."
New notation in the Fairholme case (Sammons Appeal).
Peter Chapman writes, "The Clerk for the Federal Circuit made a notation on the docket sheet in Mr. Sammons' appellate proceeding today, saying:
'NOTICE OF CALENDARING. Panel: 1703N. Case scheduled Mar 10, 2017 10:00 a.m. at the United States Court of Appeals for the Federal Circuit (Howard T. Markey National Courts Building, 717 Madison Place, N.W. Washington, DC 20439), Courtroom 402. Argument is not required and this case will be submitted to the panel on the date indicated. Please review the Notice of Submission without Oral Argument [posted at http://www.cafc.uscourts.gov/sites/default/files/... ]. [400917]'
Indicating that the Court does not wish to entertain oral argument concerning Mr. Sammons' appeal concerning the unconstitutionality of the U.S. Court of Federal Claims based on what's before it at this time."
New filing in the Collins case, click here to view.
Peter Chapman writes, "FHFA and Treasury ask Judge Atlas to extend their deadline to file their replies in support of their motions to dismiss to Feb. 27, 2017. FHFA and Treasury tell Judge Atlas that the Collins Plaintiffs don't object to that extension."
The Light Is Near For Fannie Mae And Freddie Mac - Seeking Alpha
Mnuchin Survives Anti-GSE Confirmation Hearing Questions - Seeking Alpha by Glen Bradford
David Fiderer (@Ny1david) tweets about the PLS market - Twitter
Fannie and Freddie are About to Provide a Nice Revenue Gift to Trump Administration - Inside Mortgage Finance
Federal National Mortgage Assctn Fnni Me : Rep. Capuano Introduces Bill on Repayment of Amounts Borrowed by Fannie Mae, Freddie Mac - 4-traders.com
Individuals With Access to Protected Information in Fairholme v. U.S.
4 ways Treasury pick Mnuchin differs from GOP -- and Trump - CBS News
FHFA to Sub as Plaintiff for Fannie Mae Shareholders - The MReport
5 Key Fixes That Will Improve Dodd-Frank - The National Law Journal
"...it is time to permit the organizations to retain cash and recapitalize their balance sheets, subject to oversight by their regulator/conservator. Congress should end the cash sweep that takes place every quarter in the form of dividends by Fannie and Freddie to the federal government."

Sunday January 22nd 2017
How Steven Mnuchin Could Affect the Markets - thestreet.com

Saturday January 21st 2017
Weekend Blitz: Alibaba Stock, Rite Aid (RAD), & Fannie Mae (FNMA) Stock - BNL Finance
Petition to Immediately abolish the Net Worth Sweep of Fannie Mae(FNMA) and Freddie Mac(FMCC) - whitehouse.gov
I made a GSE Portfolio Calculator that tracks stock prices and volume - Reddit
FMMA, FMCC: Trump admin suspends FHA mortgage premium cut - Reddit

Friday January 20th 2017
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, "Mr. Pagliara filed a motion in the Fourth Circuit today to dismiss his appeal with prejudice, and a copy of that motion is attached to this e-mail message. The Court has directed Freddie Mac and FHFA to respond to Mr. Pagliara's motion by Jan. 30."
New filing in the Jacobs and Hindes case, click here to view.
Peter Chapman writes, "Myron Steele, representing Messrs. Jacobs and Hindes, sent a letter to Judge Sleet today indicating that the Delaware Supreme Court's recent El Paso decision isn't quite as significant as FHFA suggests."
All Bill Information (Except Text) for H.R.298 - Fannie Mae and Freddie Mac Transparency Act of 2017 - congress.gov
Mnuchin: Fannie and Freddie 'important entities' - Washington Examiner
What’s behind Trump’s enthusiasm for GSE reform? - Euro Money
GSEs slow the pace of credit risk xfrs...via @IMFpubs - Twitter
What We’re Hearing: ...The GSE Stock Bet: Buy Low, Sell High / Is Pershing Square Losing Money on the GSEs?... - Inside Mortgage Finance
Fannie Mae, Freddie Mac stock hangs in the balance after Mnuchin privatization talks - HousingWire
RBS Said to Mull Multibillion-Dollar Charge Over U.S. Mortgages - Bloomberg Quint
Tim Pagliara comments on his lawsuit dismissal, here and here - Twitter

Thursday January 19th 2017
Treasury Secretary Confirmation Hearing - C-Span (Full Video)
Mnuchin clip with Sen. Mark Warner via @ValuInvstrToday - Twitter
U.S. Treasury Nominee Mnuchin Supports A Move Out Of Conservatorship - The Bear Traps Report
Fannie and Freddie shares go haywire following Mnuchin comments - Yahoo
Fannie Mae and Freddie Mac tumble 10% as Mnuchin disappoints bulls - Seeking Alpha
Fannie, Freddie Shares Tumble After Mnuchin Supports 'Bipartisan Solution' on Their Future - WSJ
The Price Action In Fannie, Freddie After Mnuchin's Capitol Hill Testimony, Explained - Benzinga
Fannie, Freddie tumble as Mnuchin backs away from release plan - MarketWatch
Fannie, Freddie Shares Whacked on Trump's Treasury Pick Mnuchin's Comments - The Street
Trump Treasury pick Mnuchin opposes recap and release of Fannie Mae, Freddie Mac - HousingWire
Mnuchin Says He Doesn’t Back Recap and Release of Fannie-Freddie - Bloomberg
Mnuchin Dashes Investors’ Hopes of Quick Fannie-Freddie Windfall - Bloomberg
Treasury Nominee Mnuchin Shoots Down GSE ‘Recap and Release’ Concept - Inside Mortgage Finance
Why The Fate Of Fannie And Freddie Is Tied To Trump's Pick To Head The Treasury - Benzinga
Fannie Mae’s shareholders suffer key court defeat - The Real Deal
Fannie Mae Shareholders Lose Another Round in Federal Court - WSJ
We should promote trade, not stifle it, Sen. Shelby says - CNBC
Sen. Shelby discusses the GSEs at 1:23 (He doesn't like them.)
Why FNMA Stock & FMCC Stock Owners Should Now Expect GSE Reform - BNL Finance
Former Fannie Mae CFO: Trump's Treasury pick can get Fannie out of government control ‘reasonably fast’ - Yahoo
Video featuring Former Fannie Mae CFO Tim Howard.
A Chance to Put the Sweep Behind Us and Restore the Rights of Shareholders - Investors Unite
Audio from yesterday's phone call is posted at the link above.

Wednesday January 18th 2017
New filing in the Collins case, click here to view.
2nd filing in the Collins case, click here to view.
Peter Chapman writes, "Judge Atlas entered two orders today:
(1) scheduling an initial conference with the parties for 1:00 p.m. on Mon., Mar. 13; and
(2) granting Mr. Cayne's motion to appear pro hac vice on behalf of FHFA in the Southern District of Texas."
New filing in the Deloitte case, click here to view.
Peter Chapman writes, "Judge Scola entered an order today denying the Edwards Plaintiffs' motion to remand their lawsuit to Florida state court and granting FHFA' motion to substitute, and a copy of Judge Scola's order is attached to this e-mail message.
FHFA has previously indicated, if I recall correctly, that, once substituted, it plans to withdraw this lawsuit in its entirety."
Is Steve Mnuchin The John Tower Of 2017? - Seeking Alpha
Trump Picks Rattle Housing Industry by Questioning Loan Backstop - Bloomberg
Supreme Court limits Fannie Mae's ability to take cases to federal court - HousingWire
Short Takes: Time to Worry About ‘Deferred Tax Assets’?... - Inside Mortgage Finance
A Chance to Put the Sweep Behind Us and Restore the Rights of Shareholders - Investors Unite
Keep An Eye On Fannie And Freddie Tomorrow - Benzinga
Fannie Mae Preps First Risk Transfer Deal of 2017 - National Mortgage News
Mnuchin Nears Senate Showdown With Democrats Who Can’t Block - Bloomberg
Mnuchin Faces Senate Grilling on Policies, Personal Holdings - Bloomberg
THURSDAY – Confirmation Hearing: Steve Mnuchin to be Secretary of @USTreasury... via @cspan - Twitter
Hearing to Consider the Anticipated Nomination of Steven Terner Mnuchin to be Secretary of the Treasury - senate.gov
Check back for live video of the hearing.
Miller: We're at the beginning of a benign bear market in bonds - CNBC Video

Tuesday January 17th 2017
New filing in the Piszel case, click here to view.
Peter Chapman writes, "The Federal Circuit granted the government's request for more time to respond to Mr. Piszel's en banc hearing request. The government's response is due Jan. 24, 2017."
Fannie Mae: Valuing The Preferred Versus The Common Under A Trump Privatization And Settlement - Seeking Alpha
Mnuchin Senate Committee Hearing Thursday 'Yuge' For GSE Stakeholders - Seeking Alpha by Glen Bradford
Investors Unite Pre-Inaugural Call - Investors Unite
Occurs Wednesday, January 18 at 11:00 am EST.
Ben Carson has a flash of a good idea - The Washington Post
What to do about Fannie & Freddie? How the Trump administration could change the mortgage industry - Chicago Agent Magazine
Mnuchin and Senate Gearing Up for Hearing - The M Report
Freddie Mac: Offloading More Credit Risk - DS News
Correspondent Share of GSE Business Edged Higher in 4Q16; Brokers Slumped - Inside Mortgage Finance
The Road to GSE Reform - The MReport
Reposting from yesterday. Good comment after the article from Bill Maloni.
Here's one Fannie Mae bull's take on how the GSEs can exit conservatorship - HousingWire

Monday January 16th 2017
2017 is on us with a lot at stake - Bill Maloni's GSE Blog
The Road to GSE Reform - The MReport
With Michael Stegman
Why these economists say the usual explanation for the financial crisis is wrong - The Washington Post
The GSEs are not specifically mentioned.
Here’s the U.S. Treasury’s advice on how to level the mortgage playing field - HousingWire

Sunday January 15th 2017
The Latest In The Solicitor General Sweepstakes - abovethelaw.com
"The two finalists (for Solicitor General) are George Conway and Chuck Cooper, the D.C. power lawyer..."

Friday January 13th 2017
Investors Unite Pre-Inaugural Call - Investors Unite
Occurs Wednesday, January 18 at 11:00 am EST.
Steve Mnuchin, Trump Treasury pick, to face Senate on Jan. 19 - HousingWire
Mnuchin Might Have to Wait Until February for His Final Start Date - Bloomberg
H.R.491 - To provide for the repayment of amounts borrowed by Fannie Mae and Freddie Mac from the Treasury of the United States, together with interest, over a 30-year period, and for other purposes. - congress.gov
Steve Mnuchin, Trump's Treasury Pick, Investment Could Benefit From Fannie And Freddie Restoration - Forbes
What is the Obama administration’s legacy on housing? - urban.org
Housing Finance Reform: Regulatory Oversight for a Stronger Secondary Mortgage Market - Medium
By The US Treasury Department
Premium Reduction May Give FHA Competitive Edge Over GSEs - National Mortgage News

Thursday January 12th 2017
New filing in the Roberts case, click here to view.
Peter Chapman writes, "The Roberts Plaintiffs tell Judge Chang in Chicago the same thing the Saxton Plaintiffs told Chief Judge Reade yesterday: the Delaware Supreme Court's El Paso "corporate overpayment" decision is distinguishable from this case in which our government expropriated 100% of the economic value of citizens' GSE securities."
New filing in the Saxton case, click here to view.
Peter Chapman writes, "The Saxton Plaintiffs distinguish their case pending in Iowa from the El Paso case recently decided by the Delaware Supreme Court in a response delivered to Chief Reade."
What would privatizing Fannie and Freddie mean for you? - Fox Business Video
All Forty (40) Tickers for $FNMA and $FMCC with Analytics - Reddit
Carson Says 30-Year Mortgage May Not Need a Government Backstop - Bloomberg
Carson aced his confirmation hearing — get ready for less government in housing - MarketWatch
Watch Live Stream: Ben Carson's Confirmation Hearing For Secretary Of Housing And Urban Development - patch.com
HUD Nominee Carson to Take ‘Holistic’ Approach to Housing - ABA Banking Journal
A Financial Mystery Emerges. Its Name? Steven T. Mnuchin Inc. - NY Times

Wednesday January 11th 2017
New filing in the Roberts case, click here to view.
Peter Chapman writes, "Assistant U.S. Attorney Alex Hartzler filed a notice today indicating that he is replacing AUSA Lidow in Roberts v. FHFA pending before Judge Chang in Chicago."
New filing in the Pagliara v. Freddie Mac case, click here to view.
Peter Chapman writes, "The Fourth Circuit granted Mr. Pagliara's request for more time to file his opening brief. As a result:
(A) Feb. 16 is the deadline for Mr. Pagliara to file his Opening Brief and an Appendix;
(B) Mar. 23 is the deadline for Freddie Mac and FHFA to file their Responses; and
(C) Apr. 6 is the outside deadline for Mr. Pagliara to file a Reply."
New filing in the Piszel case, click here to view.
Peter Chapman writes, "The government wants seven additional days to file a response to Mr. Piszel's en banc rehearing request."
The Legal Twist For A Political GSE Resolution - Seeking Alpha by Glen Bradford
Housing Policy Past and Future: Lessons Learned through the Crisis and the Path Forward - urban.org
Urban Institute Events: Housing Policy Past and Future - ustream.tv
Kroll: Here’s why the GSEs can’t (and shouldn’t) be privatized - HousingWire
Mnuchin Has Stake in Fund That Would Gain From Fannie Mae Revival - WSJ
Treasury Nominee Mnuchin Owns a Stake in Fannie & Freddie (Indirectly) - Inside Mortgage Finance
Mnuchin says he will divest interests in... via @Zachary - Twitter
Trump’s Treasury pick to divest assets after office confirmation - HousingWire
Keep Fannie Mae and Freddie Mac Until They Are No Longer Needed - The Huffington Post
Freddie Mac Leads Nation as Top Multifamily Lender for Second Year in a Row - Yahoo
Nonagency MBS issuance drops 35%... via @IMFpubs - Twitter
Here's what really caused the housing crisis - CBS News
ICYMI: Tim Pagliara’s Scotsman’s Guide Q&A - Investors Unite

Tuesday January 10th 2017
New filing in the Collins case, click here to view.
Peter Chapman writes, "Judge Atlas welcomed Ms. Kishore to the Southern District of Texas this afternoon, and a copy of her order approving Ms. Kishore's motion to appear pro hac vice is (linked above)."
New filing in the Perry case, click here to view.
Peter Chapman writes, "Hamish Hume, representing the Class Plaintiffs, sent a letter to the D.C. Circuit today further deflating FHFA's balloon based on the Delaware Supreme Court's recent El Paso decision."
New filing in the Pagliara v. Freddie Mac case, click here to view.
Peter Chapman writes, "Mr. Pagliara is asking the Fourth Circuit for 30 more days to file his opening brief. Mr. Pagliara expresses his hope that the new administration will change course with the GSEs and moot his appeal."
Investors: GSE reform starts by ending profit sweeps - Scotsman Guide
Is the Common Securitization Platform Legal? - Fiderer on GSEs
Sanity, Honesty and Respect for the Rule of Law Are Needed in Housing Policy - Investors Unite
Fannie Mae: What If Steve Mnuchin Isn't Confirmed By The Senate? - Seeking Alpha
Jamie Dimon On Fannie Mae and Freddie Mac - Valuewalk
KBRA: Don’t Remove Government Backing from Mortgages - The MReport
Fannie, Freddie Are Off the Mat; Now What? The Street
Subscription required for full access.
Thoma: "Here's what really caused the housing crisis" - Calculated Risk Blog

Monday January 9th 2017
New filing in the Jacobs and Hindes case, click here to view.
Peter Chapman writes, "FHFA, Fannie and Freddie sent a letter to Judge Sleet this afternoon alerting him to the recent El Paso decision from the Delaware Supreme Court (and urging his to discount Messrs. Jacobs and Hindes' opposition to the motions to dismiss their complaint)."
New filing in the Collins case, click here to view.
Peter Chapman writes, "Deepthy Kishore submitted her request to appear pro hac vice on behalf of Treasury today."
More filings in the Collins case.
Peter Chapman writes, "FHFA and Treasury filed their motions to dismiss this evening, and copies of those super-sized documents are (linked below):
http://bankrupt.com/misc/16-cv-03113-0023.pdf
http://bankrupt.com/misc/16-cv-03113-0024.pdf
http://bankrupt.com/misc/16-cv-03113-0025.pdf
http://bankrupt.com/misc/16-cv-03113-0026.pdf
FHFA opposes the Collins Plaintiffs' armchair quarterbacking, says GSE shareholders have "no shareholder rights or interests to assert" no matter what, and is dismissive of the Collins Plaintiffs' constitutional challenges. Treasury echoes many of FHFA's arguments and encourages Judge Atlas to blindly follow Judge Lamberth's decision dismissing shareholder complaints about the Third Amendment."
New filing in the Saxton case, click here to view.
Peter Chapman writes, "FHFA, Fannie, Freddie and Treasury alerted Chief Judge Reade to the Delaware Supreme Court's recent El Paso decision as additional authority in support of their motions to dismiss the Saxton Plaintiffs' complaints."
New filing in the Roberts case, click here to view.
Peter Chapman writes, "FHFA and Treasury told Judge Chang today that the El Paso recent decision from the Delaware Supreme Court undercuts the Roberts Plaintiffs' arguments that their claims are direct."
Privatizing Fannie Mae and Freddie Mac: How It Can Be Done Effectively - wharton.upenn.edu
Jeb Hensarling comments on the GSEs via @Woellert - Twitter
Trump’s Cabinet picks undergo grueling prep for hearings - Politico
"Chuck Cooper, a former assistant attorney general in Ronald Reagan’s Justice Department and a prominent Supreme Court litigator, is helping Sessions prep. Sessions has participated in multiple mock hearings since Trump announced his appointment on Nov. 18, even staying in Washington over the Christmas holiday to prepare."
Nine Trump Nominees Who’ll Face Extreme Vetting by Democrats - Bloomberg
Freddie Mac Transfers Risk on $215 Billion of Single-Family Mortgages in 2016 - Yahoo
A More Promising Road to GSE Reform: Access and Affordability - urban.org
By Jim Parrott, Lewis Ranieri, Gene Sperling, Mark M. Zandi, and Barry Zigas
What They Are Saying: Treasury Nominee Mnuchin Receives Praise From Senators - greatagain.gov

Sunday January 8th 2017
Making Housing Sane Again - WSJ
Kroll Bond Rating Agency Publishes Research: “Housing Reform 2017: Can the GSEs be Privatized?” - businesswire.com
The report requires a login, but it's free to sign up.

Saturday January 7th 2017
15 Stocks to Double In 2017: TWTR, LC, FNMA, FMCC, SBGL - BNL Finance
Investors urge Trump to back Fannie-Freddie restitution vs. bank 'Establishment' - philly.com
Reposted from Thursday. The article was updated on Friday.

Friday January 6th 2017
Now Everybody Is Talking About Ending the Conservatorship - Investors Unite
Sente Mortgage chief executive talks housing under Trump (Part 1) - Boston Agent Magazine
Nicklaus: Privatize mortgage finance, but don't reward the vulture capitalists - stltoday.com
What We’re Hearing: What’s Up with Walter Investment? / MSR ‘Mark-up’ Mania / Rates Heading South, a Bit / Layoff Rumors and Actual Layoffs / Bad News for GSE ‘Recap and Release’? - Inside Mortgage Finance
How the Trump administration can continue progress in U.S. housing - The Washington Post
Reposting from yesterday. Some good comments after the article.

Thursday January 5th 2017
Keeping Watch on Risk Sharing as the 115th Congress Gets Underway - Investors Unite
Investors urge Trump to back Fannie-Freddie restitution vs. bank 'Establishment' - philly.com
"That makes it more likely Fannie and Freddie will come out from government control and resume their old status as private companies ..."
How the Trump administration can continue progress in U.S. housing - The Washington Post
By Mark Zandi
Trump Bump May Be Overdone for Fannie and Freddie - WSJ
"Stealth privatization" of GSEs likely - KBW - Seeking Alpha
Final GSE MBS Tally for 4Q16: Just Shy of $300 Billion; Best Quarter Since 2Q13 - Inside Mortgage Finance
Under a Trump Presidency, Here's What to Expect from His Promises - The Street

Wednesday January 4th 2017
New filing in the Robinson case, click here to view.
Peter Chapman writes, "The Sixth Circuit granted Ms. Robinson's request for more time to file her opening brief, and the Court established this new briefing schedule:
-- Ms. Robinson's opening brief is due Feb. 10, 2017;
-- FHFA and Treasury's opening briefs are due Mar. 13, 2017; and
-- Ms. Robinson's reply brief is due by Mar. 27, 2017."
New notation in the Saxton case. Peter Chapman writes, "The Clerk made a notation on the docket sheet in Saxton v. FHFA yesterday saying, 'Magistrate Judge Kelly Mahoney added. Clerk checked for conflicts - none found. Magistrate Judge Jon S Scoles no longer assigned to case.'"
Economics Trumping Politics - Howard on Mortgage Finance
GSEs Have Been Ill-Served by Balance Sheet Equity 'Experiment' - National Mortgage News
By David Fiderer
Unprecedented Real Estate Investor Representation at Fannie Mae - PR Newswire
Envisioning a Fannie and Freddie Endgame - WSJ
Impact of Asset Securitisation: Special Report by Jonathon Taylor - greatreporter.com
How Trump's Appointees Could Make Him Even Richer - Investopedia
How the Trump Presidency Will Impact Housing in 2017 - nerdwallet.com
Fannie Mae’s Mortgage Portfolio Shrinks Further - The MReport
The Big Short and The Big Lie - New Boston Post

Tuesday January 3rd 2017
Fannie Mae: The FHFA Privilege Log And The Potential For SPSPA Fraud - Seeking Alpha
Future Fannie Mae And Freddie Mac Grow Brighter Into 2017 - Seeking Alpha by Glen Bradford
Because It's The Right Thing To Do: Restructuring The SPSPAs - Seeking Alpha by Wayne Olson
The future of Fannie & Freddie under Trump - marketplace.org
Trump VS FED - Privatization of Fannie Mae & Freddie Mac a HUGE Profit Opportunity - Youtube
GSE talk at 12:07. Featuring Nicholas Green, CEO of FMT Advisory.
Conforming Loan Limits Map - fhfa.gov
Mnuchin Declines Reply to Brown’s Letter Before Panel Review - Bloomberg
GSE reform faces coin-toss odds - Scotsman Guide
Featuring Michael Bright
Freddie Mac offloads $285m in credit risk to insurers - HousingWire

Monday January 2nd 2017
Fannie Mae & Freddie Mac: Why Selling FNMA Stock Or FMCC Stock In 2017 Is A Bad Idea - BNL Finance

Sunday January 1st 2017
FHFA's Case For Zero Equity GSEs - Fiderer on GSEs
Trump's VP vetter says allegations over Corker financial dealings 'groundless' - Chattanooga Times Free Press








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