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"Ultimately, Truth Prevails"


March 2017
Friday March 31st 2017
New filing in the Pagliara v. Fannie Mae case, click here to view.
Peter Chapman writes, "FHFA's lawyers at Richards & Layton entered their appearance today in the Delaware Chancery Court."
New filing in the Perry case, click here to view.
Peter Chapman writes, "The Class Plaintiffs want the three-judge panel in D.C. to modify its ruling in Perry v. Mnuchin to make it clear that "[t]he relevant expectations for the breach of implied covenant claims are the expectations of the shareholders who purchased preferred or common shares in the Enterprises when those shares were issued, not the subsequent expectations of shareholders who purchased shares in the secondary market." A copy of the Class Plaintiffs' rehearing petition is (linked above).
That fallacious attempt to discriminate among GSE shareholders based on the dates they purchased their shares is also buried in our government's supplemental motion to dismiss posted at http://gselinks.com/Court_Filings/Fairholme/13-465-0161.pdf delivered to Judge Sweeney on June 8, 2015. Briefing on that narrow topic was stayed in accordance with Judge Sweeney's order posted at http://gselinks.com/Court_Filings/Fairholme/13-465-0240.pdf entered on Sept. 9, 2015."
Time to Fix Fannie and Freddie - The Weekly Standard
The Next Move on Fannie and Freddie Won’t Come from Capitol Hill - Investors Unite
Daily Treasury Statement - fms.treas.gov
The Daily Treasury Statement will show if the GSE dividend payment has been made.
According to this table from the FHFA, the payment was made, or is scheduled to be made, on 3/31/2017.
PHH to Lose CEO; Fannie/Freddie Changes--Their Future Remains Uncertain - Mortgage News Daily
Fannie, Freddie may write down $21 billion due to U.S. tax cut: BMO - Reuters
What We’re Hearing: Uncle Sam’s Cash Cow: Mortgages / Time to Kill the GSE CRT Deals? / Should a Conservator Conserve?... - Inside Mortgage Finance
Fannie Mae Loans Vs. Freddie Mac Loans: What’s The Difference? - The Mortgage Reports
Freddie Mac Investor Presentation - freddiemac.com
Fannie CEO Conflict of Interest Letter - oversight.house.gov
I wonder if this is the 'salacious' info Rep. Jason Chaffetz was talking about yesterday. Although I'm not sure why this is coming up now, as it was in the news in August 2016.
GSEs Hit Their Risk-Transfer Targets for 2016. Almost $18 Billion in Risk Covered by Others - Inside Mortgage Finance
If President Trump is Looking for a Policy Win, Try GSE Reform - Zillow

Thursday March 30th 2017
GSE dividend jumpstarts debate on reforms - Scotsman Guide
Rep. Jason Chaffetz says salacious things going on with the GSEs via @DoNotLose - Twitter
Despite Courtroom Losing Streak, Legal Action Still Best Route For Fannie Mae, Freddie Mac Shareholders - benzinga
Fannie Mae Monthly Summary February 2017 - fanniemae.com
BRIEF-Fannie Mae says book of business increased at a compound annualized rate of 0.8 percent in Feb - Reuters
Fannie, Freddie will hand over US profits as expected - official - Reuters
Mortgage Industry Expects FHFA Chief Watt to Change the GSE Dividend; Five Senators Warn Against It - Inside Mortgage Finance
Short Takes: A Good Idea, Says Bright / Stop the Presses: An Emerging Bipartisan Consensus on GSE Reform... - Inside Mortgage Finance
Senators Warn Watt His Action May Impact Non-Existent Legislative Efforts - Valueplays

Wednesday March 29th 2017
New filing in the Sammons v. US case (W.D. of Texas), click here to view.
Peter Chapman writes, "Mr. Sammons is asking the U.S. Court of Appeals for the Fifth Circuit to review Judge Biery's order dismissing his lawsuit, and a copy of his opening brief is (linked above)."
The D.C. Circuit Decision On The “Net Worth Sweep” Was Not A Clean Sweep For The Government - The Federalist Society
Fannie Mae’s Involvement in SFR Market Raises Questions of ‘Charter Creep’ - Inside Mortgage Finance
McConnell's gamble - Politico
Scroll down to 'The Lowdown From Brown'
FHFA Report Details Progress on the 2016 Scorecard for Fannie Mae and Freddie Mac - fhfa.gov
Fannie Mae sells off $26 million in NPLs to nonprofit - HousingWire
In letter to Watt today, Corker, Warner, Heitkamp, Tester and Tillis warn against recapitalizing Fannie and Freddie via @JoeLight - Twitter
Senators Warn Against Suspending Fannie, Freddie Dividends - Bloomberg
Fannie and Freddie will make the $10 billion payment to Treasury this week as planned via @Zachary - Twitter

Tuesday March 28th 2017
New filing in the Pagliara v. Fannie Mae case, click here to view.
Peter Chapman writes, "The Delaware Chancery Court has scheduled a half-day trial in Pagliara v. Fannie Mae starting at 1:00 p.m. on Mon., May. 1. A copy of the Court's expediting this hearing following remand from Judge Sleet is (linked above)."
A no-brainer for Trump team: Recapitalize the GSEs - American Banker
The Most Favorable Landscape Investors Have Seen Yet - Seeking Alpha by Anthony Bonsignore
Fannie And Freddie: The Litigation Thesis Remains Viable After Perry - Seeking Alpha
The GSEs' Bailout In Perspective: Treasury's Greatest Investment - Seeking Alpha by Jeremy Cain
Another courtroom loss for GSE investors - Seeking Alpha
Fannie-Freddie Fix Is the Focus of Senators' Bipartisan Push - Bloomberg
What to Do with Fannie and Freddie - DS News
Why Fannie still sees room to grow in multifamily - American Banker
A Flawed Process Generated by a Flawed Structure - rstreet.org
Testimony of Alex J. Pollock. Perform a word search for 'Fannie' to see where Mr. Pollock discusses the GSEs.
New Acts in GSE Drama Taking Stage - Mortgage News Daily
Ackman ’16 Letter On Fannie: “Various Scenarios” of “a many-fold multiple from current levels” - ValueWalk

Monday March 27th 2017
New filing in the Saxton case, click here to view.
2nd filing in the Saxton case, click here to view.
Peter Chapman writes, "Judge Reade entered her order and judgment this afternoon granting FHFA and Treasury's motions to dismiss the Saxton Plaintiffs' complaint. Judge Reade finds that the Saxton Plaintiffs' claims are derivative rather than direct. Judge Reade adopts the majority opinion in Perry v. Mnuchin in full."
New filing in the Fairholme case, click here to view.
Peter Chapman writes, "Judge Sweeney placed her stamp of approval on the 10-day extension the parties requested."
Whistleblower Files Charges Against Obamacare Looting Scheme - Infowars
Trumpcare Vote & GSEs, a Nexus?? - Bill Maloni's GSE Blog
Castle & Cooke mortgage president Adam Thorpe appointed to Fannie Mae Board - cuinsight.com
Castle & Cooke Mortgage president appointed to Fannie Mae Single-Family Risk Advisory Board - HousingWire
Fannie, Freddie Transfer $18B in Risk - DS News
A Tipping Point - The MReport
From 3/24

Sunday March 26th 2017
GSE Investors Love Treasury Turning Its Back On FHFA's Constitutionality - Seeking Alpha by Glen Bradford
Obiterdictum opines on the latest legal filing in the Collins case - Investors Hub
Chairman Chaffetz Q&A - Legislative Proposals for Fostering Transparency - Youtube
Fannie And Freddie: Does The Government Think The Net Worth Sweep Is Unconstitutional? - Seeking Alpha

Saturday March 25th 2017
New filing in the Collins case, click here to view.
Peter Chapman writes, "Treasury filed an Advisory last night telling Judge Atlas that it no longer supports FHFA's position that the agency is constitutionally structured."
Timeline leading to Treasury's 3/24/17 "Advisory" in the Collins case via @presnvconsv - Twitter
Defund Obamacare: Trump Administration Should Stop Obamacare’s Theft of Funds that Would Have Helped Middle America and Inner Cities - conservativeintel.com

Friday March 24th 2017
New filing in the Perry case, click here to view.
Peter Chapman writes, "The Institutional Plaintiffs delivered their petition this afternoon asking the three-judge panel in the D.C. Circuit to rehear their appeal. The request is narrow, asking the judges to modify their ruling to make it clear that they did not abandon their common law claims. While Judges Millet and Ginsburg indicated in their majority opinion that Fairholme and other Institutional Plaintiffs had abandoned their common law claims, Hamish Hume, the lead lawyer representing the Class Plaintiffs, makes clear in a declaration attached to today's petition that is not the case; rather, Mr. Hume explains, the Class and Institutional Plaintiffs acted in concert but attempted to spare the Court from redundant briefing."
New filing in the Fairholme case, click here to view.
Peter Chapman writes, "The government needs ten additional days to reply to Fairholme's request for a $211,000 check to reimburse 86% of the fees it incurred to prosecute its motion to compel. Fairholme's agreed to extend the deadline to Apr. 6."
Should You Buy Shares of Fannie Mae and Freddie Mac? - Fortune
By Michelle Celarier
What We’re Hearing: No GSE Capital in Nine Months / But Don’t Sweat It / Mel Knows... - Inside Mortgage Finance
Fannie, Freddie investors seek rehearing of U.S. case on profit seizure - Reuters
New Warning on Potential GSE Capital Buffer - National Mortgage Professional

Thursday March 23rd 2017
New filing in the Saxton case, click here to view.
Peter Chapman writes, "Judge Reade heard 2-1/2 hours of oral argument this morning on FHFA and Treasury's motions to dismiss the Saxton Plaintiffs' lawsuit challenging the Net Worth Sweep. Judge Reade has taken the matter under advisement and will issue her decision in the coming weeks or months. A copy of the Hearing Minutes documents is (linked above). A transcript should be prepared in the coming days."
Multiple groups ask Director Watt and Treasury Secretary Mnuchin to suspend the next GSE dividend payment - thecmla.com
Community groups, lenders call for Fannie, Freddie to stop paying dividend to Treasury - HousingWire
Trump Should Stop Obama Scheme That Steals Money For Obamacare - The Daily Caller
Full House Committee on Oversight and Government Reform - house.gov
Testimony by John Berlau of the CEI in front of the House Oversight Committee via @Fanniegate101 - Twitter
FHFA Announces Timing for Implementation of Release 2 of the Common Securitization Platform - fhfa.gov
FHFA: Fannie, Freddie single security needs another year to finish - HousingWire
FHFA’s Plans for Fannie and Freddie Delayed Until 2019 - The MReport
A Change in the GSE PSPAs Coming Soon? Don’t Bet on It… - Inside Mortgage Finance
@erik_ritland reports on the Saxton court proceedings - Twitter
Fannie Mae announces credit risk transfer on $20.4 billion in loans - HousingWire
ABA Renews Endorsement of Fannie Mae for Secondary Market Options - ABA Banking Journal
This Act may be cited as the "Fannie and Freddie Open Records Act of 2017 - house.gov
Eric Mindich's $12 Billion Eton Park Is Returning Capital To Investors: Here Are His Biggest Holdings - ZeroHedge
"The other notable event involving Mindich was the 2011 report that he was among the hedge fund managers getting direct inside information about the fate of Fannie and Freddie ahead of their bailout, from none other than Hank Paulson"

Wednesday March 22nd 2017
New filing in the Jacobs and Hindes case, click here to view.
Peter Chapman writes, "Judge Sleet placed his stamp of approval this morning on the parties' agreement to complete briefing on renewed motions to dismiss by July 17."
New filings in the Saxton case.
Renewed Motion to Dismiss
Order
Plaintiffs' Response to FHFA
Peter Chapman writes, "FHFA and Treasury alerted Judge Reade yesterday to Judge Chang's decision dismissing the Roberts Plaintiffs' complaint in Chicago. FHFA and Treasury want Judge Reade to follow Judge Chang's lead. In a response delivered to Judge Reade today, the Saxton Plaintiffs tell her that Judge Chang's is nothing more than one more case wrongly decided and directs Judge Reade's attention back to Judge Brown's dissent in Perry v. Mnuchin.
Judge Ready also entered an order today advising the parties that tomorrow's hearing on FHFA and Treasury's motions to dismiss will be held in Courtroom 2 in Cedar Rapids."
New filing in the Washington Federal case, click here to view.
Peter Chapman writes, "Karl Barth, Esq., at Hagens Berman, et al., entered his appearance today as another lawyer representing shareholders in Washington Federal v. U.S."
Fannie, Freddie revamp plan unlikely this year, dividends in focus - Reuters
Fannie And Freddie: Recapitalization Now Seems To Be The Priority - Seeking Alpha
The Next Move on Fannie and Freddie Won’t Come from Capitol Hill - Investors Unite
Reuters: Frannie overhaul unlikely this year - Seeking Alpha
Trump administration starts from scratch on Fannie, Freddie reform - HousingWire
How Trump Can Save Middle Class - Infowars
Wall Streeter Phillips to Play ‘Critical’ Role at Treasury on GSE Reform; GSE ‘Principles’ Coming Soon from Trump? - Inside Mortgage Finance
John Berlau "Will discuss Obama folks' use of executive privilege in #FannieGate" - Twitter

Tuesday March 21st 2017
New filing in the Collins case, click here to view.
Peter Chapman writes, "The Collins Plaintiffs, FHFA and Treasury delivered a corrected joint motion to Judge Atlas this morning extending their agreed briefing schedule by one week to Apr. 3, 2017."
2nd filing in the Collins case, click here to view.
Peter Chapman writes, "Judge Atlas placed her stamp of approval on the parties' agreed briefing schedule."
New filing in the Fairholme case, click here to view.
Peter Chapman writes, "Mr. Sammons returned today to tug on Judge Sweeney's robe with a request for permission to file an amicus brief to press his argument that the U.S. Court of Federal Claims lacks juristiction to consider GSE shareholders' takings claims."
Pence Aide Says ‘Principles’ for GSE Reform Likely in Coming Months - Morning Consult
Trump administration developing principles for housing finance reform - American Banker
Subscription required for full access.
This Harmful Housing Rule Deserves to Be Overturned by Congress - The Daily Signal
Freddie’s First Sale of 2017 Nets $667 Million - DS News
Agency Conflicts in Residential Mortgage Securitization: What Does the Empirical Literature Tell Us? - Federal Reserve Bank of Atlanta
09/21/2015 - BNA INSIGHTS: The Lawless Limbo of the Fannie and Freddie Conservatorships
By Ike Brannon and Mark Calabria
01/26/2016 - BankThink We Can Reduce the GSEs' Risk Without Congress - American Banker
By Mark Calabria
12/30/2016 - Letter from the United Missionary Baptist Association to President Trump - media.wix.com

Monday March 20th 2017
New filings in the Pagliara v. Fannie Mae case.
Cover Letter
Docket Sheet
Order for Remand
Peter Chapman writes, "The Delaware Chancery Court received Judge Sleet's remand order, docket sheet and cover letter late last week and reopened Mr. Pagliara's books and records lawsuit."
New filings in the Roberts case.
Memorandum Opinion and Order
Judgment in a Civil Case
Peter Chapman writes, "Judge Chang entered a Memorandum Opinion and Order and a Judgment this afternoon dismissing the Roberts Plaintiffs' lawsuit in Chicago with prejudice and granting FHFA and Treasury's motions to dismiss the Roberts Plaintiffs' amended complaint."
New filing in the Fairholme case, click here to view.
Peter Chapman writes, "Fairholme delivered a response to Judge Sweeney this afternoon arguing that she should order the government to pay 86% of the fees Fairholme incurred to obtain access to 86% of the sample documents that were improperly withheld. Fairholme's lawyers at Cooper & Kirk billd $245,000 for their work related to the motion to compel; Fairholme says the government should cut a check for $211,000."
New filing in the Collins case, click here to view.
Peter Chapman writes, "The Collins Plaintiffs filed their consolidated brief this afternoon arguing again to Judge Atlas in Texas that FHFA is unconstitutionally organized and that should cause the Net Worth Sweep to tumble."
2nd filing in the Collins case, click here to view.
Peter Chapman writes, "The Collins Plaintiffs, FHFA and Treasury jointly asked Judge Atlas this afternoon to allow them to submit some additional briefs about the D.C. Circuit's recent decision in Perry v. Mnuchin. The Collins Plaintiffs specifically tell Judge Atlas they want her to focus on Judge Brown's superior analysis."
New filing in the Saxton case, click here to view.
Peter Chapman writes, "The Saxton Plaintiffs tell Judge Reade that FHFA conveniently overlooks Judge Brown's dissent in the D.C. Circuit's recent decision in Perry v. Mnuchin that reach the same conclusion and embrace the Saxton Plaintiffs' arguments to the Iowa court. "The fact that Judge Brown was outvoted does not mean that she was wrong," the Saxton Plaintiffs tell Judge Reade."
Risk Transfers in the Real World - Howard on Mortgage Finance
More nonsense embedded within Perry v. Mnuchin, the "new capital paradigm" - Fiderer on GSEs
DOJ's Turn Against CFPB May Boil FHFA's Net Worth Sweep - Seeking Alpha by Glen Bradford
Happy Spring to All - Bill Maloni's GSE Blog
Potential Freddie, Fannie reforms likely to have wide-reaching implications - Moody's
Excerpt from Tim Howard on actual STACR/CAS risk sharing via @DoNotLose - Twitter

Friday March 17th 2017
New filing in the PHH v. CFBP case, click here to view.
Peter Chapman writes, "In an amicus filing in PHH v. CFBP, No. 15-1177 (D.C. Cir.), today, a copy of which is (linked above), the Department of Justice doesn't support the way the CFBP is structured. By implication, the Department of Justice would not support the way FHFA is structured. Our government's arguments today in PHH v. CFPB do not square with our government's arguments on a Reply filed on Feb. 27, 2017 -- see http://gselinks.com/Court_Filings/Collins/16-cv-03113-0038.pdf -- in Collins v. FHFA which challenges the constitutionality of the FHFA. Incredibly, Chad R. Readler, Acting Assistant Attorney General, is the same lead lawyer in both cases!"
In major reversal, U.S. sides with PHH, calls CFPB structure unconstitutional - HousingWire
Fannie Mae: The Government Has Officially Taken Both Sides of The Argument - Valuewalk
Freddie Mac Director Raphael W. Bostic to Resign - Valuewalk
Ep 2. UVA Law Professor Saikrishna Prakash on Judge Sweeney's March 7th Order - Blog Talk Radio

Thursday March 16th 2017
New filing in the Jacobs and Hindes case, click here to view.
Peter Chapman writes, "Messrs. Jacobs and Hindes delivered their Amended Complaint to Judge Sleet this afternoon. The gravamen of this complaint, life the initial complaint, is that any preferred security claiming to be entitled to 100% of a corporation's earnings is illegal and is void. The amended complaint abandons the breach of contract and duty claims and moves forward with an unjust enrichment argument."
2nd filing in the Jacobs and Hindes case, click here to view.
Peter Chapman writes, "The parties have asked Judge Sleet to place his stamp of approval on this agreed briefing schedule:
-- FHFA, Fannie, Freddie and Treasury will file their motion to dismiss by Apr. 17, 2017;
-- Messrs. Jacobs and Hindes will respond by June 16, 2017; and
-- FHFA, Fannie, Freddie and Treasury will file their reply by July 17, 2017"
New filings in Sammons v. U.S. (W.D. Texas)
Peter Chapman writes, "Mr. Sammons had commenced a parallel proceeding in the U.S. District Court for the Western District of Texas. Mr. Sammons attempted to circumvent the Tucker Act which shuffles many claims against our government to the U.S. Court of Federal Claims when the amount in controversy exceeds $10,000. Mr. Sammons' litigation in the District Court did not fare well. The Honorable Fred Biery dismissed his complaint. Mr. Sammons has filed a notice of appeal in the District Court indicating that he intends to ask the U.S. Court of Appeals for the Fifth Circuit to review Judge Biery's decision.
Copies of the key documents are bundled into a zip file, are available at http://bankrupt.com/misc/Sammons-v-US.zip and don't appear to offer anything we haven't already read."
More nonsense embedded within Perry v. Mnuchin, the DTAs - Fiderer on GSEs
ICBA Announces 2017 Community Banking Policy Priorities ​- icba.org
"HOUSING-FINANCE REFORM AND THE GOVERNMENT-SPONSORED ENTERPRISES: Supporting housing-finance reform that preserves market liquidity and stability for all stakeholders while allowing Fannie Mae and Freddie Mac to develop and implement a capital-restoration plan that protects U.S. taxpayers from future bailouts."
Fannie Mae: A Billionaire's Bet Of A Lifetime - Seeking Alpha
What to look for: Budget 2018 - The Truth About Fannie and Freddie
The Time is Now - The Truth About Fannie and Freddie
Here's why Goldman Sachs is snatching up delinquent mortgages - HousingWire

Wednesday March 15th 2017
New filing in the Fairholme case (Sammons Appeal), click here to view.
Peter Chapman writes, "The Federal Circuit entered its decision yesterday affirming Judge Sweeney's ruling rejecting Mr. Sammons' attack on the constitutionality of the U.S. Court of Federal Claims."
James Donovan Is Latest Goldman Sachs Executive to Join Trump Administration - NY Times
"Mr. Mnuchin and Mr. Donovan will tackle not only changes to the corporate and individual tax codes but also the potential restructuring of the government-sponsored mortgage guarantors Fannie Mae and Freddie Mac."
Corporate Tax Reform Could Complicate Recapitalizing Fannie and Freddie - Inside Mortgage Finance
Fannie Mae Prices $1.33 Billion Connecticut Avenue Securities Risk Sharing Deal - Yahoo

Tuesday March 14th 2017
Infowars Nightly News - Monday (3-13-17) Jerome Corsi - Youtube
Winning Bidders in Fannie Mae Non-Performing Loan Sale - DS News
Fannie Mae selling another $1.68 billion in NPLs to Goldman Sachs subsidiary, private equity - HousingWire
CNBC survey: Look out for a more aggressive Fed this year - CNBC
The article contains a short sentence on expectations of GSE reform.
Are we heading toward another subprime mortgage crisis? - CNN

Monday March 13th 2017
Confirmed: Treasury Says Obama Stole From Fannie, Freddie Investors To Fund Obamacare - Infowars
Exclusive: Obama Stole 200+ Billion In Secret Bail In - Youtube
GSE talk starts at 11:00.
Fannie And Freddie: How They Can Earn $192 Billion For U.S. Treasury And Big Bucks For Preferred Stockholders - Seeking Alpha
Freddie Mac prices largest whole loan securities deal to date - HousingWire
7 Stocks Hedge Funds Expect to DOUBLE - InvestorPlace

Sunday March 12th 2017
Maria Bartiromo talks about the GSEs paying for Obamacare on Fox News via @TheAdvoQT - Twitter
Maria Bartiromo, "Some people say that they took money from all sorts of agencies to pay for Obamacare, like Fannie and Freddie. I mean, that's been circulating all weekend."
Ed Rollins, "I'm sure they did."

Saturday March 11th 2017
GSE Event Timeline via obiterdictum - Investors Hub

Friday March 10th 2017
New notation in the Fairholme case (Sammons Appeal).
Peter Chapman writes, "The Clerk for the Federal Circuit made a notation (Doc. 27) on the docket sheet in Mr. Sammons' appeal indicating that the matter was submitted on the parties' written briefs to to Judges Louri, O'Malley and Taranto today."
Trump’s Plan on Fannie and Freddie? Clues May Emerge Soon - NY Times
By Gretchen Morgenson
Perry v. Mnuchin: A case study in disingenuity - Fiderer on GSEs
Did the Obama Administration Use Fannie and Freddie Funds to Bail Out Obamacare? - Investors Unite
Maria Bartiromo tweets out the Investor Unite article to her 287K followers - Twitter
Author known for birther book steps into Fannie, Freddie battle - Washington Examiner
Freddie Mac may join Fannie in backing single-family home rentals - Seeking Alpha
Industry Bands Together to Fight G-Fee Usage for Unrelated Funding - Inside Mortgage Finance
Top trade organizations support barring use of Fannie, Freddie g-fees for federal spending - HousingWire
Secretary of the Treasury Announces Senior Staff - treasury.gov
Scroll down to Counselor – Craig Phillips.
Interesting Re-tweet via @DoNotLose - Twitter
Sessions asks 46 Obama-era US attorneys to resign - The Hill
GSEs are not mentioned.

Thursday March 9th 2017
New filing in the Deloitte case, click here to view.
Peter Chapman writes, "In the Reply (linked above), the Edwards Plaintiffs make an aggressive argument to Judge Scola that he goofed in his substitution ruling. The Edwards Plaintiffs direct Judge Scola's attention to the recent ruling in Perry v. Mnuchin for the proposition that HERA did not allow FHFA to scoop up shareholders' direct claims. The Edwards Plaintiffs encourage Judge Scola to revisit, reconsider, and redraft his myopic Feb. 10, 2017, order."
New filing in the Roberts case, click here to view.
Peter Chapman writes, "According to the Minute Entry (linked above), Judge Chang doesn't want to meet with the parties this month. Instead, he wants them to gather in his courtroom on Tues., Apr. 4, 2017."
Trump to Meet With Community Bank CEOs to Talk About Regulations - Bloomberg
GSEs not mentioned. However the ICBA attended, and they have called for capital retention for the GSEs earlier this year.
Inside Trump's meeting with community bankers - American Banker
Fannie And Freddie: Low-Probability, Speculative Gambling - Seeking Alpha
Freddie Mac Considers Backing Single-Family Home Rentals - Bloomberg

Wednesday March 8th 2017
New filing in the Pagliara v. Fannie Mae case, click here to view.
Peter Chapman writes, "Judge Sleet entered an order today remanding Mr. Pagliara's books and records request to the Delaware Chancery Court. Judge Sleet rejected FHFA's contention that HERA's succession provision alters or prempts the normal procedure for a shareholder to inspect a Delaware corporation's books and records, and was persuaded by the D.C. Circuit's recent Perry decision that shareholders' direct claims against the GSEs weren't wiped away by HERA."
2nd filing in the Pagliara v. Fannie Mae case, click here to view.
Peter Chapman writes, "(Linked above) is a copy of the Clerk's letter advising the Delaware Chancery Court that Judge Sleet is sending Mr. Pagliara's lawsuit back for further proceedings in state court."
Sweeney Orders a Cut to the Chase in Discovery Saga - Investors Unite
Where does housing finance reform stand right now? - HousingWire
This Leaked Document Will Stop Obamacare – If It Goes Viral - Infowars
Fairholme Case Update: Judge Orders Government to Review and Hand Over Non-Privileged Documents - Inside Mortgage Finance
American Mortgage Conference Agenda - cvent.com
The schedule for Thursday May 18 includes An Address By David Stevens, An Update from the FHFA, and What Regime Change Means for Fannie and Freddie Reform by Jim Parrott and Mike Stegman

Tuesday March 7th 2017
New filing in the Fairholme case, click here to view.
Peter Chapman writes, "Judge Sweeney entered an Order today:
(A) directing the government, by Apr. 17, 2017, to review the 11,000 documents withheld from Fairholme in light of the rulings on Fairholme's motion to compel, turnover all non-privileged documents to Fairholme, and file a status report confirming those actions;
(B) adopting the 345-day briefing schedule proposed by the parties; and
(C) requesting additional filings about whether the government should be required to pay Fairholme's costs for bringing its motion to compel."
Fannie Mae: Why I Increased My Commons Position By 33% After The Perry Decision - Seeking Alpha
IU Launches New Podcast - Investors Unite
Ep 1: NYU Law Professor Richard Epstein on Fannie, Freddie Net Worth Sweep Docs - Investors Unite Podcast
Docs Prove Obamacare Designed To Destroy Middle Class Home Ownership - Infowars
How Much Longer Can Hedge Funds Hold on to their GSE Stock Wagers? - Inside Mortgage Finance
Industry backs bill to prevent g-fee raids - Scotsman Guide
Tim Howard comments on Jim Parrott's latest article - Howard on Mortgage Finance
Tim Howard talks about discussions he had with Laurie Goodman and Mark Zandi On Fannie's CAS - Howard on Mortgage Finance

Monday March 6th 2017
New filing in the Collins case, click here to view.
Peter Chapman writes, "The Collins Plaintiffs want to file one consolidated brief on Mar. 20 in support of their motion for summary judgment asking Judge Atlas to rule that FHFA is unconstitutional, and opposing FHFA's cross-motion for summary judgment asking Judge Atlas to rule that the agency is constitutionally organized. The parties tell Judge Atlas they all think this one-week delay and paper conservation effort is good and ask her to bless the arrangement."
2nd filing in the Collins case, click here to view.
Peter Chapman writes, "Judge Atlas approved the parties' extension and consolidated briefing request."
The Taxpayers-To-Tax-Collectors Conversion Scores Touchdown - Seeking Alpha by Glen Bradford
Fannie And Freddie: Unconstitutional FHFA And White House Leaking A Recap Story Already? - Seeking Alpha
Exclusive Docs: Obama Destroyed Middle Class Mortgages To Prop Up Obamacare Looting Scheme - Infowars
Frustrated/Angry DJT taps Uncle Sam $$ for Mar-a-Lago trips - Bill Maloni's GSE Blog
Demystifying Housing Finance Reform - The MReport
Jim Parrott: Clarifying the Choices in Housing Finance Reform - Urban Institute
The Trump ‘Wire Tap’ Accusation and What it Means for the GSEs - Inside Mortgage Finance

Friday March 3rd 2017
New filing in the Roberts case, click here to view.
Peter Chapman writes, "FHFA delivered a copy of the D.C. Circuit's recent decision in Perry v. Mnuchin to Judge Chang yesterday to let him know the appellate tribunal ruled that sec. 4617(f) of HERA bars shareholders' claims that FHFA and Treasury exceeded their statutory authority."
New filing in the Saxton case, click here to view.
Peter Chapman writes, "FHFA delivered copies of two documents to Judge Reade yesterday:
(A) the D.C. Circuit's recent decision in Perry v. Mnuchin to let her know the appellate tribunal ruled that sec. 4617(f) of HERA bars shareholders' claims that the agency and Treasury exceeded their statutory authority; and
(B) the Saxton Plaintiffs' response filed in the MDL proceeding in Apr. 2016 stating they had abandoned their common law claims."
New filing in the Pagliara v. Fannie Mae case, click here to view.
Peter Chapman writes, "Mr. Pagliara's layers sent Judge Sleet a letter this evening alerting him to the D.C. Circuit's recent decision in Perry v. Mnuchin, and directing his attention to some sentences in that ruling that indicate Mr. Pagliara's books and records request should be litigated in the Delaware Chancery Court."
D.C. Circuit Refuses To See Limits To Government Power And Inexcusably Upholds The Net Worth Sweep - Forbes
By Richard Epstein
What We’re Hearing: What We Talk About When We Talk About Financial Lunacy / Should Apple Buy Fannie and Freddie?... - Inside Mortgage Finance
Freddie & Fannie Shareholder Litigation Update - Podcast - fed-soc.org
Featuring Jason A. Levine, John Carney
Transparency Has Its Day in Court - Real Clear Policy

Thursday March 2nd 2017
Millstein CEO Sees Path to Paying for Trump's Promises - Bloomberg Video
Jim Millstein talks about the GSEs at 3:25. Millstein states, "It really may be the only practical alternative is to recapitalize them, reregulate them...and then reprivatize them."
The Obamacare financing flimflam - American Thinker
WATCH: Dave Stevens gives MBA’s top priorities to new HUD secretary - HousingWire
"[Stevens] explains the MBA will work with Mnuchin on several issues including bringing mortgage giants Fannie Mae and Freddie Mac out of conservatorship."
GSEs: The Hidden Shareholders' Capital The Government Can't Touch - Seeking Alpha
U.S. Treasury FSOC Council Meeting March 2 - treasury.gov
"the Council discussed the ongoing annual reevaluation of its designation of a nonbank financial company, including the review of materials submitted by the company and engagement with the company"
GSE Links note: The nonbank financial company is not named. We can only speculate who it might be.
11/29/2016 - Hope for Fannie Mae (FNMA) and Freddie Mac (FMCC) with Ben Carson’s Joining HUD - Invest Correctly

Wednesday March 1st 2017
New filing in the Deloitte case, click here to view.
Peter Chapman writes, "FHFA filed its opposition to the Edwards Plaintiffs' request that Judge Scola change his substitution ruling. FHFA tells Judge Scola that he should deny the request."
Hamish Hume discusses the lastest legal developments - Dropbox (audio)
What Fannie Mae (FNMA) Stock, Freddie Mac (FMCC) Stock, & Biotech Stocks Have In Common - BNL Finance
Jerome Corsi: Obama Robbed Private Investors To Fund Obamacare - Youtube
Fannie/Freddie Retained Portfolios Continued Shrinking in 2016 – Mostly by Shedding MBS - Inside Mortgage Finance
BRIEF-Freddie Mac says single-family seriously delinquent rate decreased to 0.99 pct in Jan from 1 pct in Dec - Reuters
Government Perfidy and Mismanagement of the GSEs in Conservatorship
By Josh Angel. This was originally posted on 2/24/16. I am reposting it in light of the recent D.C. Circuit ruling.








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