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"Ultimately, Truth Prevails"


October 2017
Tuesday October 31st 2017
Freddie Mac Reports Both Net Income and Comprehensive Income of $4.7 Billion for Third Quarter 2017 - freddiemac.com
Another Quarterly Treat for Treasury, Another Trick on Everyone Else - Investors Unite
Freddie Mac set to pass along $4.7B to U.S. after Q3 results - Seeking Alpha
Freddie Mac made billions in 3Q banner earnings, reaches "$1 trillion of mortgages" - HousingWire
Thanks to Legal Settlement, Freddie Mac has Blowout 3Q17: $7.19 Billion Profit (Pre-Tax); Almost $1B in Hurricane-Charges - Inside Mortgage Finance
Short Takes: Keeping an Eye on GSE Hurricane Charges / The Tax Bite / In the End, Treasury Wins No Matter What... - Inside Mortgage Finance
@FreddieMac 10-Q sweep language Q3 (above) v 2Q 2017 via @presvnconsv - Twitter
Freddie Mac's (FMCC) CEO Don Layton on Q3 2017 Results - Earnings Call Transcript - Seeking Alpha
Investors Unite Teleconference on Legal Updates - Investors Unite
Occurs Wednesday, November 1, 2017, at 10:00 a.m. ET.
Treasury Stole Fannie Mae, Freddie Mac Stock, 7th Circ. Told - law360.com
Subscription required for full access.
House Financial Services Chairman Jeb Hensarling will not run for re-election in 2018 - CNBC
Vocal, powerful critic of Wall Street rules leaving Congress - Reuters
GSEs mull news of Hensarling retirement - Seeking Alpha
Residential Mortgage Finance Symposium - events.sfindustry.org
Occurs Tuesday and Wednesday of next week.

Monday October 30th 2017
New filing in the Roberts case.
Peter Chapman writes, "An audio recording of the hearing before the Seventh Circuit this morning is now available at http://media.ca7.uscourts.gov/sound/external/cc...mp3 at no charge."
Fannie Mae Announces Scheduled Release of Third Quarter 2017 Financial Results - prnewswire.com
"Fannie Mae today announced plans to report its third quarter 2017 financial results on Thursday morning, November 2, 2017, before the opening of U.S. financial markets."
NAMB Policy Position on Housing Reform - nationalmortgageprofessional.com
Seventh Circuit Hears Fight Over Post-Bailout Mortgage Profits - courthousenews.com
Short Takes: No Retained Portfolio for the GSEs? / A 33 Percent Chance for a Bill... - Inside Mortgage Finance
Why Is Mel Watt Still Heading The Federal Housing Finance Agency When He Has No Idea How To Reform The Housing Market? President Trump Can Remove Him ‘For Cause.’ – conservativerepublicannews.com
Annual Housing Report 2017 - fhfa.gov
Bankers lay out housing finance reforms at House subcommittee hearing - financialregnews.com
A crisis caused by housing policies, not lack of regulation - aei.org

Friday October 27th 2017
Freddie Mac Announces Release Date for Third Quarter 2017 Financial Results - MarketWired
"Freddie Mac announced today that it plans to report its third quarter 2017 financial results before the U.S. financial markets open on Tuesday, Oct. 31, 2017."
ABA testifies before House Financial Services on Fannie Mae, Freddie Mac reform - Financial Regulation News
What We’re Hearing: The Upper Hand on GSE Reform? / Jeb Hensarling, a Candidate for the FHFA Job?... - Inside Mortgage Finance
Fannie, Freddie Credit-Risk Transfer Deals Slowed in Third Quarter - Inside Mortgage Finance
Momentum Building for Housing-Finance Reform? Yes, No, Maybe? - Inside Mortgage Finance
MBA president: GSE reform is within reach - Scotsman Guide
Nevada Mortgage Bankers Underscore Need for Housing Finance Reform - prnewswire.com
A copy and paste from yesterday's similar article, just substitute Georgia for Nevada.

Thursday October 26th 2017
New filing in the Deloitte case, click here to view.
Peter Chapman writes, "The Eleventh Circuit clerk's entry of dismissal of the Edwards Plaintiffs' appeal was docketed yesterday."
Hearing entitled “Sustainable Housing Finance: Private Sector Perspectives on Housing Finance Reform, Part II” - house.gov
Occurs Thursday, November 2, 2017 2:00 PM
Georgia Mortgage Bankers Underscore Need for Housing Finance Reform - prnewswire.com
Servicing Brokers Show Concern on Fannie Mae Plan to Enter the MSR Marketplace - Inside Mortgage Finance
Fannie Mae goes all-out on fintech collaborations - Business Insider
09/29/2017 - What You Need to Know About Jerome Powell's Views - Fox Business
07/06/2017 - Fed Governor Powell: Here are 5 principles for housing finance reform - HousingWire

Wednesday October 25th 2017
ICBA to Congress: Housing Reform Must Preserve Community Bank Access - icba.org
American Nightmare – The Plight of GSE Investors and American Homeowners - deadlyclear.wordpress.com
Coming Soon: The Trump Administration’s ‘Principles’ on GSE Reform - Inside Mortgage Finance
The Unknown Future of Housing Finance Reform - cpexecutive.com
GSEs Announce New Initiatives as They Enter Tenth Year of Conservatorship - mortgageorb.com
Freddie Mac Reports Portfolio Update - DS News
“Sustainable Housing Finance: Private Sector Perspectives...” - Youtube
Rep. Mike Capuano speaks at 1:44:04
Shocker: MBA President and CEO David Stevens announces retirement - HousingWire
Corker in twilight - Rocky Top Politics
GSEs are not mentioned

Tuesday October 24th 2017
New filing in the Deloitte case, click here to view.
Peter Chapman writes, "The Edwards Plaintiffs asked the Eleventh Circuit yesterday to dismiss its appeal. FHFA and Deloitte have no objection to the request. The request is with prejudice, meaning it can't be renewed at a later date."
It’s Time to Reform Fannie and Freddie - Inside Sources
New Fannie Mae Shareholder Case Against FHFA Has Merit via @detSci - Twitter
GSE fix won’t happen until Hensarling gives up gavel... via @Woellert - Twitter
Large Banks Show Tepid Interest in GSE Servicing Market - Inside Mortgage Finance
Short Takes: ‘Zero Capital’ Gets Zero Mention by FHFA Director Watt... - Inside Mortgage Finance
Stevens to MBA; Work to Lock in Reforms before Regime Changes - Mortgage News Daily
MBA experts on GSE reform: Where does risk fall when it comes to reform? - HousingWire
Atlanta mayor to Fannie Mae board chair: Deal is ‘unlawful, unethical’ - ajc.com
@realDonaldTrump tweets about Sen. Bob Corker
Tweet #1 Tweet #2 Tweet #3 Tweet #4 Tweet #5 
Mel Watt renews call for housing-finance reform - Scotsman Guide

Monday October 23rd 2017
New filing in the Fairholme case, click here to view.
Peter Chapman writes, "An unsealed copy of Judge Sweeney's opinion and order dated Oct. 4, 2017, granting Fairholme's second motion to compel was docketed this morning."
The Last Word on the Document Tug of War? - Investors Unite
Carson and Watt call on Congress to take on housing finance reform - HousingWire
"I share a great personal interest with this Administration to tackle housing finance reform" via @SecretaryCarson - Twitter
"There is broad agreement that there is an opportunity for reform..." via @SecretaryCarson - Twitter
Prepared Remarks of Melvin L. Watt, Director of FHFA at Mortgage Bankers Association Annual Convention and Expo 2017 - fhfa.gov
Want GSE Reform? The Senate Better Get Moving – And Soon - Inside Mortgage Finance
Tower FCU's Stafford testifies for NAFCU Wednesday on housing finance - nafcu.org
Short Takes: MBA’s Stevens to the Troops: You’re Living Under a False Sense of Security / Trump’s Nominee to Head the FHFA?... - Inside Mortgage Finance
MBA leader Stevens delivers a call to action - Scotsman Guide
Hearing entitled “Sustainable Housing Finance: Private Sector Perspectives on Housing Finance Reform” - house.gov
Occurs Wednesday, October 25, 2017 10:00 AM.

Friday October 20th 2017
New filing in the Cacciapalle case, click here to view.
Peter Chapman writes, "The Cacciapalle Plaintiffs delivered a third petition for a writ of certiorari to the United States Supreme Court Monday. The Cacciapalle Plaintiffs ask the High Court to answer these two questions:
-- When a company is placed into federal conservatorship or receivership, do its shareholders thereby lose all rights to pursue derivative litigation on its behalf, even where the federal conservator or receiver would face a manifest conflict of interest in pursuing the claim itself -- such as where it would be a claim by one federal government agency against another for conduct they did together?
-- Does 12 U.S.C. sec. 4617(f) foreclose any possibility of declaratory or injunctive relief in a judicial challenge to an agreement between the Federal Housing Finance Agency and the United States Department of the Treasury that transfers the net worth and all future profits of Fannie Mae and Freddie Mac to the federal government and requires both Companies to operate with no capital?
The Cacciapalle Plaintiffs tell the nine justices that the D.C. Circuit answered the first question in the negative and that holding conflicts with teachings from the Ninth and Federal Circuits. Accordingly, the High Court should resolve that split of authority among the circuits. The Cacciapalle Plaintiffs tell the nine justices they should take up the second question because, as Judge Brown observed in her dissent, the D.C. Circuit's decision has disrupted settled expectations about financial markets in a manner likely to negatively affect the nation's overall financial health. The High Court should intervene to restore certainty and uniformity.
The Cacciapalle Plaintiffs urge the Court to grant its petition and review the D.C. Circuit's decision."
Mortgage industry mobilizes for MBA annual - HousingWire
What We’re Hearing: ...Will Mel Watt Clear the Air on ‘Zero Capital’? / The Freddie Mac Rumor... - Inside Mortgage Finance
GOP Critical of Fannie/Freddie QM Exemption - Inside Mortgage Finance

Thursday October 19th 2017
New filing in the Saxton case, click here to view.
Peter Chapman writes, "In a letter to the Eighth Circuit, Howard Cayne tells the Court that the Saxton Plaintiffs misunderstand what FHFA and Director Watt said and it should ignore their recent supplemental filing."
New filings in the Roberts case.
17-1880-0040
17-1880-0041
Peter Chapman writes, "The Roberts Plaintiffs and Mr. Cayne sent letters to the Seventh Circuit this month echoing what they told the Sixth and Eighth Circuits about FHFA's latest strategic plan and Director Watt's recent testimony."
Why Competition Would Not Lead to Better Outcomes for Fannie Mae and Freddie Mac - wharton.upenn.edu
NAFCU, ICBA urge Watt on Fannie, Freddie capital buffers - cuinsight.com
NAFCU and ICBA Letter to Director Watt - Google Docs
Credit unions, community banks want Fannie and Freddie to retain capital - HousingWire
Fannie, Freddie must be allowed to rebuild capital, say small banks, credit unions - American Banker
Subscription required for full access.
VantageScore: How the FHFA can open the door to alternative credit score models - HousingWire
Is There a Competitive Equilibrium for the GSEs? - cloudfront.net
From September. By the same author of today's Wharton article.

Wednesday October 18th 2017
New filing in the Fairholme case, click here to view.
Peter Chapman writes, "Fairholme also delivered a petition for a writ of certiorari to the United States Supreme Court Monday. Fairholme asks the High Court to answer this question:
-- Does 12 U.S.C. sec. 4617(f ) foreclose judicial review of an agreement between the Federal Housing Finance Agency and the Department of the Treasury to transfer the net worth and all future profits of Fannie Mae and Freddie Mac to the federal government and require both Companies to operate with no capital?
Fairholme says the answer is no. "If the D.C. Circuit is right, Congress has set up a structure that makes a mockery of our system of checks and balances, with an independent agency headed by an unelected Director not answerable to the President, free to act without regard to Congress's instructions, and without fear of judicial intervention," Fairholme tells the nine justices. "Fortunately," Fairholme adds, "the D.C. Circuit is wrong."
Fairholme urges the Court to grant its petition and review the D.C. Circuit's decision."
Closed Hedge Fund Appeals GSE Woes To SCOTUS - Seeking Alpha by Glen Bradford
Short Takes: The Little Guy Gets a G-Fee Break / A Coming Spike in G-Fees?... - Inside Mortgage Finance
What Should FHFA Do With Fannie Mae? - Gears of Biz
Marino, Sessions, ICBA, and Corker - Bill Maloni's GSE Blog
Freddie Mac Further Expands CRT Program With STACR SPI - MarketWired
Is There a White Swan? - moneyshow.com
GSEs keep playing field level with lower g-fees for small lenders - National Mortgage News
Subscription required for full access.

Tuesday October 17th 2017
New filing in the Perry case, click here to view.
Peter Chapman writes, "Perry Capital and Arrowood delivered their petition for a writ of certiorari to the United States Supreme Court yesterday. Perry and Arrowood look to the High Court to answer one question:
-- Whether 12 U.S.C. sec. 4617(f), which prohibits courts from issuing injunctions that "restrain or affect the exercise of powers or functions of" the Federal Housing Finance Agency ("FHFA") "as a conservator," bars judicial review of an action by FHFA and the Department of Treasury to seize for Treasury the net worth of Fannie Mae and Freddie Mac in perpetuity.
Perry and Arrowood tell the nine justices the answer is no. The GSE shareholders go on to conclude, at p. 33:
"The D.C. Circuit's decision dangerously misconstrues FHFA's conservatorship powers. FHFA's conservatorship provisions are neither new nor alien -- Congress took them verbatim from FIRREA, importing the FDIC's decades of sound experience in resolving troubled financial institutions, and the centuries of common-law conservatorships on which the FDIC relied. Nothing in the text or purpose of HERA, decades of FDIC practice, or centuries of common law even remotely condones the Net Worth Sweep's massive expropriation -- a confiscation that leaves the Companies functionally insolvent, saddled with Treasury's $189 billion liquidation claim, and with no ability to escape a vampiric relationship with the government. Yet the decision below permits any governmental conservator -- including the FDIC -- to confiscate funds under its supervision without judicial review simply because the conservator did so in the course of operating the ward. That's not a conservatorship; that's embezzlement."
Perry and Arrowood urge the Court to grant its petition and review the D.C. Circuit's decision."
New filing in the Fairholme case, click here to view.
Peter Chapman writes, "Our government and Fairholme advised Judge Sweeney today that her opinion granting Fairholme's second motion to compel requires no redactions."
IU Executive Director Tim Pagliara Submits Comment on FHFA’s Draft Strategic Plan for Fiscal Years 2018-2022 - Investors Unite
FHFA Issues 2016 Report to Congress on Guarantee Fees - fhfa.gov
House Prioritizes Housing Finance Reform - JD Supra

Monday October 16th 2017
New filings in the Bhatti case.
17-cv-02185-0041
17-cv-02185-0042
17-cv-02185-0043
17-cv-02185-0044
17-cv-02185-0045
17-cv-02185-0046
Peter Chapman writes, "The Bhatti Plaintiffs filed their motion for summary judgment and response to FHFA and Treasury's motions to dismiss today, and copies of those documents are (linked above). A collection of 21 exhibits attached to Doc. 46 is posted at http://bankrupt.com/misc/17-cv-02185-0046-Exhibits.pdf because of its size. The Bhatti Plaintiffs continue their constitutional attack on FHFA's structure, say FHFA is not immune from those constitutional claims (and HERA's succession clause couldn't include those claims), and tell Judge Schlitz that the Perry and Saxton cases never touched on these claims and they have no preclusive effect."
FHFA Director Watt, Treasury Exploring Options for GSE Capital Buffer - ABA Banking Journal
Busted at last: Obama’s $95 billion SWINDLE - allenwest.com
What's the Fed's Endgame? - U.S. News & World Report
Hedge Fund Perry Capital Asks Supreme Court to Revive Fannie Mae Lawsuit - Breitbart

Sunday October 15th 2017
BILL ACKMAN: Here's how Trump can still have a 'successful presidency' - Yahoo
Two Obama holdovers are sowing the seeds for another subprime collapse - NY Post
Trump’s Tax Plan: What It Does and Doesn’t Do - NY Times

Friday October 13th 2017
Corker, MID and the Trades, Hill and the Warrants - Bill Maloni's GSE Blog
Trump Neuters Obamacare Just As Infowars.Com Recommended In April - Infowars
Trump Stops Illegal ObamaCare Subsidies: Here’s Why... - Youtube
Appraisers should unite to rid the profession of Fannie Mae - by Roger Durkin - nerej.com
What We’re Hearing: FHFA Chief Has a ‘Number of Options’ on Zero Capital / Is That a ‘Hard’ Deadline? / Once Tax Reform is Done, Next Up: the GSEs... - Inside Mortgage Finance
Steven Mnuchin at the IIF: "We're committed to fixing housing finance, and not just Fannie and Freddie...the entire array of the US government" via @IIF - Twitter
Equifax’s Grip on Mortgage Data Squeezes Smaller Rivals - NY Times

Thursday October 12th 2017
BILL ACKMAN: There's one 'last piece of unfinished business' from the financial crisis - Yahoo
The FHFA and Treasury Should Not Allow Fannie and Freddie to Recapitalize - heritage.org
Director Watt's Letter to various groups via @RobTVDC - Twitter
Mnuchin won't fill No. 2 Treasury post as Brooks opts out of the running - Politico
Carson update on HUD overshadowed in tense House hearing - HousingWire
'He also touched on the need for housing finance reform, saying, “We are now entering the 10th year of the government-sponsored enterprises, Fannie Mae and Freddie Mac, being placed into conservatorship, which is much too long for this issue to remain unresolved. We must think comprehensively about reform, so that changes do not cause unintended consequences.”'

Wednesday October 11th 2017
New filing in the Saxton case, click here to view.
Peter Chapman writes, "The Saxton Plaintiffs supplied the Eighth Circuit with copies of FHFA's latest strategic plan and Director Watt's written statement presented to the House Financial Services Committee earlier this month to highlight inconsistency between what FHFA argues in Court and the actions it has taken."
Will Fannie and Freddie Draw From the Treasury? Much Ado About Nothing … - pimco.com
Here's Why Sen. Corker Should Resign From Senate - Infowars
The GSEs Should Report Robust Earnings for 3Q17. Here’s Why… - Inside Mortgage Finance
FannieGate GSE Documents - diy-stock-investor.com
Fannie Mae looking to shed $3.62 billion in loans from its books - HousingWire
Freddie Mac Prices Last Planned High LTV Deal of the Year - marketwired.com

Tuesday October 10th 2017
New filing in the Robinson case, click here to view.
Peter Chapman writes, "In a letter to the Sixth Circuit, Howard Cayne tells the Court that Ms. Robinson misunderstands what FHFA and Director Watt said and it should ignore her recent supplemental filing."
Deloitte hack hit server containing emails from across US government - The Guardian
Deloitte confirms Fannie Mae and Freddie Mac not impacted in hack - HousingWire
Deloitte Hack: Fannie and Freddie Not Affected - DS News
Taxpayers shouldn’t be asked to pay for Fannie and Freddie’s risk - The Hill
Short Takes: ...Fannie and Freddie Affected by Deloitte Hack?... - Inside Mortgage Finance
Freddie, Fannie should offload risk to private insurers - The Hill

Monday October 9th 2017
GSE Capital: Buffer Vs. Recapitalization - Seeking Alpha by Glen Bradford
Short Takes: Treasury Working on GSE Ideas? / Will Trump Get Involved Directly?... - Inside Mortgage Finance
Judge in Closely Watched GSE Shareholder Case Moves to Release More Documents - Inside Mortgage Finance
GSE Purchase-Loan Share Hit 63 Percent in 3Q17, a 10-Year High - Inside Mortgage Finance
Anti-Trump Sen. Corker Resigns Amid Criminal Probe - Infowars
Inspector questions Fannie Mae’s new controversial Washington D.C. headquarters - HousingWire

Sunday October 8th 2017
President Trump tweets about Sen. Bob Corker.
Tweet #1
Tweet #2
Tweet #3
Tweet #4

Saturday October 7th 2017
New filings in the Rop case.
17-cv-00497-0030
17-cv-00497-0031
17-cv-00497-0032
17-cv-00497-0033
Peter Chapman writes, "The Rop Plaintiffs delivered their three briefs to the District Court in Kalamazoo late yesterday. The three filings are:
-- a motion for summary judgment (Doc. 30) and a brief in support (Doc. 33) for a legal ruling on the constitutionality of FHFA's organizational structure;
-- a response (Doc. 31) to Treasury's motion to dismiss, saying the Perry ruling isn't the final authority; and
-- a response (Doc. 32) to FHFA's motion to dismiss, disagreeing with FHFA's view that it can do whatever it pleases with the GSEs and their assets."
Blueprint for Balance: A Federal Budget for Fiscal Year 2018 - heritage.org
The GSEs are discussed on page 217 of the report.

Friday October 6th 2017
In the Fannie Mae/Freddie Mac Senior Preferred Stock Purchase Agreement Class Action Litigations Peter Chapman notes, "Perry Capital's not a party to this proposed stipulation. If that suggests Perry's charted a different course that includes a visit to the U.S. Supreme Court, my calendar says Mon., Oct. 16, is Perry's deadline to ask the High Court to review the D.C. Circuit's decision."
New filing in the Robinson case, click here to view.
Peter Chapman writes, "Ms. Robinson supplied the Sixth Circuit with copies of FHFA's latest strategic plan and Director Watt's written statement presented to the House Financial Services Committee earlier this week to highlight inconsistency between what FHFA argues in Court and the actions it has taken."
New filings in the Roberts case.
17-1880-0037
17-1880-0038
Peter Chapman writes, "The documents attached to this e-mail message indicate that at oral argument on Oct. 30 in Chicago, David Thompson at Cooper & Kirk will argue on behalf of the Roberts Plaintiffs for 20 minutes, Howard Cayne at Arnold & Porter will argue on behalf of FHFA for 10 minutes, and Gerard Sinzdak will argue on behalf of Treasury for 10 minutes."
New filing in the Rop case, click here to view.
Peter Chapman writes, "Magistrate Kent issued an order this morning saying he's prefer strict compliance with the local rules, meaning three briefs from the Rop Plaintiffs rather than one."
What We’re Hearing: A Blowout Quarter for Freddie? / Pulling the Zero Capital Lever in Denver? / Mark Calabria for FHFA Director?... - Inside Mortgage Finance
Price of Fannie/Freddie Common Up 35 Percent Since Summer. Credit the RNC? - Inside Mortgage Finance
How Fannie Mae and Freddie Mac Share Credit Risk With Other Entities - cbo.gov

Thursday October 5th 2017
New order in the Rop case.
Peter Chapman writes, 'Judge Maloney entered a paperless order today referring the question of whether the Rop Plaintiffs should be allowed to file one consolidated 60-page brief or three 25-page briefs as purportedly required by the local rules to Magistrate Kent for his review and recommendation. Hopefully Magistrate Kent will begin his analysis with the guidance from the U.S. Supreme Court in Rule 1 of the Federal Rules of Civil Procedure that all rules promulgated by federal courts "should be construed and administered to secure the just, speedy, and inexpensive determination of every action and proceeding."'
Shareholders Press Government to Stop Postponing the Inevitable - Investors Unite
Freddie Mac Prices Third SCRT Deal of 2017 - Market Wired
@RealJamesWoods tweeted out this RollingStone article to his 900k followers - Twitter
FHFA Director Watt talks Fannie Mae, Freddie Mac at committee hearing - financialregnews.com
Purchase-Mortgage Boom Pumps Up Fannie/Freddie MBS Volume in 3Q17 - Inside Mortgage Finance
US Rep Marsha Blackburn launches Senate bid - tennessean.com
GSEs not mentioned in this article.
04/13/2015 - Bill Would Create GSE Reserve Fund, End Treasury Sweep - nlihc.org

Wednesday October 4th 2017
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 parties presented Judge Lamberth with a proposal calling to proceed on this timetable:
-- by Oct. 13, 2017, Shareholders will advise FHFA about how they intend to amend their complaints;
-- by Oct. 20, 2017, FHFA will advise Shareholders if it intends to oppose the filing of amended complaints;
-- by Nov. 1, 2017, Shareholders will file motions for leave to file amended complaints;
-- by Jan. 10, 2018, FHFA will file any opposition to the motions to amend, and Treasury and FHFA will file their motions to dismiss;
-- by Feb. 12, 2018, Shareholders will reply to any opposition FHFA has about the filing on amended complaints, and Shareholders will respond to the motions to dismiss; and
-- by Mar. 18, 2018, FHFA and Treasury will file replies in support of their motions to dismiss."
New filing in the Fairholme case.
Peter Chapman writes, "Under seal, Judge Sweeney entered an order (Doc. 390) this afternoon granting Fairholme's second motion to compel."
Tim Howard comments on the 2nd Motion to Compel - Howard on Mortgage Finance
Fannie and Freddie Capital Buffers Can't Wait -FHFA Director - Mortgage News Daily
Short Takes: FHFA’s Watt Tells Panel He Can Go It Alone / A Deal (Eventually) with Treasury’s Mnuchin?... - Inside Mortgage Finance
Watt: GSEs need to rebuild capital buffers - nafcu.org
Mel Watt: Housing Finance Reform Needs to Happen Soon - mortgageorb.com
Watt Challenges Congress to Start Moving on GSE Reform - National Mortgage Professional
Ackman Pitches ADP, Herbalife, Fannie Mae at Dallas Investor Conference - gurufocus.com

Tuesday October 3rd 2017
New note in the Piszel case.
Peter Chapman writes, "According to yesterday's order list posted at https://www.supremecourt.gov/orders/... the U.S. Supreme Court has declined to consider Mr. Piszel's appeal."
New filings in the Rop case.
17-cv-00497-0026
17-cv-00497-0027
Peter Chapman writes, "The Rop Plaintiffs ask Judge Maloney for permission to file a single 60-page brief responding to Treasury and FHFA's motions to dismiss and in support of its cross-motion for summary judgment rather than the three 25-page briefs they say the local rules permit. The Rop Plaintiffs' arguments rely on logic and efficiency. Copies of the Rop Plaintiffs' filings are attached to this e-mail message."
A Practical Fix for Fannie Mae and Freddie Mac Is Finally Within Reach - realclearmarkets.com
Sustainable Housing Finance: An Update - Youtube
Full video of today's Financial Services Committee hearing.
Statement of Melvin L. Watt, Director, FHFA, Before the U.S. House of Representatives Committee on Financial Services - fhfa.gov
FHFA's Watt urges Congress to speed overhaul of Fannie, Freddie - The Hill
Watt suggests GSEs need to hold some capital, urges Congress to act on housing reform - HousingWire
GSEs' latest payout to taxpayers could be the last - Scotsman Guide
FHFA's Watt calls for Frannie capital buffer - Seeking Alpha
ICBA Statement on Testimony from FHFA Director Mel Watt - icba.org
FHFA Director Mel Watt Once Again Sounds Warning on GSE Capital Buffer, Offers Hints on What He Might Do - Inside Mortgage Finance
Mel Watt says @FannieMae @FreddieMac not in C-ship would need 3% capital buffer via @POTUSwon - Twitter
Watt says if Fannie Freddie weren't in conservator ship they should be SIFI's and have $100 bln to $150 bln in capital reserves via @IanKendry13 - Twitter
@RepMikeCapuano continues to #standfortruth as always via @JaredALevine - Twitter
Fannie-Freddie Regulator Used Government Resources for Personal Travel - Bloomberg
Fannie/Freddie regulator's personal travel under scrutiny - Seeking Alpha

Monday October 2nd 2017
Will Congress Ever Listen to Mel Watt? - Investors Unite
@repseanduffy and @repCleaver have a new working group on GSE reform via Woellert - Twitter
Short Takes: Less Than 90 Days / Ka-Ching - Inside Mortgage Finance
Hearing entitled “Sustainable Housing Finance: An Update from the Director of the Federal Housing Finance Agency” - house.gov
Tuesday, October 3, 2017 10:00 AM
The real cause of the America’s housing bubble was foreign money - Financial Times

Sunday October 1st 2017
What’s Up With Fannie Mae & Freddie Mac - livetradingnews.com
UNMASKING FANNIE MAE: It Appears Fannie’s Role in Foreclosures May Be Linked to Obamacare Funding Scheme - deadlyclear.wordpress.com








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