January 2016

Friday January 29th 2016
New filing in the Fairholme case, click here to view.
Read a detailed explanation of the filing at www.cornerofberkshireandfairfax.ca/
If Trump Wins The White House, FNMA Soars – Jason Bond Picks
Pershing Square’s New Presentation, Part 2 – GuruFocus
City Leaders Call On Fannie Mae To Stop Sale Of Delinquent Mortgages – Valuewalk
Fannie Mae December 2015 Monthly Summary – fanniemae.com
Freddie Mac January 2015 Insight and Outlook – freddiemac.com
Form 8-K for Federal National Mortgage Association Fannie Mae – Yahoo
From 1/15. “Mr. Frater was a Founding Partner and Managing Director of BlackRock” and is now on the FNMA Board of Directors.
Pershing Square Holdings 2015 Annual Update Presentation – Pershing Square Holdings
GSEs start on page 82.
Do GSE Plaintiffs Have a Shot in State Court Regarding the Earnings ‘Sweep’? – Inside Mortgage Finance
Registration required, but it’s free to register.
Thursday January 28th 2016
New filing in the Jacobs and Hindes case, click here to view.
Read more at GlenBradford.com
A Major Shift in Housing Demand is Currently Underway – RISMedia
Subprime Reasoning on Housing – NY Times
GSEs not mentioned.
Fast and Curious: The Futility of Hiding What is Known – TH717.wordpress.com
Ex-Fannie Mae Boss Mudd Pushes for Dismissal of SEC’s Fraud Suit – DS News
Basically the same article from yesterday.
07/08/2008 – Fannie, Freddie Adequately Capitalized: Lockhart – CNBC
Wednesday January 27th 2016
Joe Light Clarifies Parrott Deposition: DOJ States No Fifth Amendment Invoked – timhoward717.com
Fighting Through Fannie, Freddie Redactions — Market Talk – iHub
New Shelby campaign ad highlights senator’s opposition to Wall Street bailout – al.com
Ex-Fannie Mae CEO urges U.S. judge to toss SEC fraud case – Yahoo
Ex-Fannie Mae boss’s lawyer: SEC lacks civil fraud evidence – Yahoo
Freddie Mac’s Mortgage Investment Portfolio Changes Course – The MReport
Fannie Mae Prices $945.7 Million Multifamily DUS REMIC (FNA 2016-M1) Under Its GeMS™ Program – Seeking Alpha
Here’s Why Apple’s Stock Is A Sell – Fortune
FNMA is mentioned.
Tuesday January 26th 2016
Judge Sweeney Order filed under seal – GlenBradford.com
We Can Reduce the GSEs’ Risk Without Congress – American Banker
By Mark Calabria
Fannie Mae, Freddie Mac Gear Up for Another Year of Heavy Lending – National Real Estate Investor
$FNMA rumor of the secret filing? – GlenBradford.com
A China bank contagion could blow up global markets – CNBC
Freddie Mac Monthly Volume Summary: December 2015 – freddiemac.com
David Fiderer tweets about Jeb Hensarling – Twitter
House price gains push past 2007 peaks, FHFA says – MarketWatch
Pershing Square 2015 Letter: 2015 is a year we will not forget – Valuewalk
Monday January 25th 2016
Sealed filings in the Fairholme case – GlenBradford.com
“Silence Is Often Evidence Of The Most Persuasive Character.” -Justice Brandeis – timhoward717.com
Fast and Curious: The Futility of Hiding What is Known – Investors Unite
Same article from Valuewalk
Freddie Unveils First NPL Auction of 2016: $1.6B of Loans Serviced by NSM; At Least $7.1B Queued Up? – iHub via Inside Mortgage Finance
@JonAPrior tweet
Requires access to Politico Pro.
The Politico Pro article referenced the following:
The Budget and Economic Outlook: 2016 to 2026 – cbo.gov
Budgetary Impact of Major Federal Programs that Guarantee Mortgages—CBO’s January 2016 Baseline – cbo.gov
Mortgage Credit: The Private/Public Paradox – Real Estate Economy Watch
Recent refinances appear safer credit bets than purchase originations, AEI says – Scotsman Guide
RMBS Settlements Not Dead Yet – DS News
Are FICO Alternatives Becoming the Preferred Standard? – Houston Agent Magazine
@mcelarier tweet
from 1/22
Inside Job – documentary-movie.com
A documentary from 2010. Also added to the ‘Video’ section
The low tricks of high finance: how greedy bankers, weak politicians and timid journalists could cause a new crash – The Spectator
GSEs not specifically mentioned.
Sunday January 24th 2016
Jim Parrott’s Deposition May Be Less Than Meets The Eye – Fiderer on GSEs
BUZZ-Fannie, Freddie slump to $1; proxy for hedge fund selling? – ubs.wallst.com
Interesting tweet from @RuthMantell – Twitter
Friday January 22nd 2016
Breaking News: Co-Conspirator Jim Parrot Takes The Fifth In Depositon – timhoward717.com
Protecting the economy and homeowners: Four ways to restore Fannie and Freddie – Bloomberg Government
http://www.fixfanniefreddie.com/
The authors of the above article launched the this website.
Fannie Mae Lawsuit Updates Bode Well For Shareholders – Seeking Alpha by Glen Bradford
Government filed its Response to Fairholme’s Motion to Compel… – GlenBradford.com
Fannie Mae Issues $9.8 Billion of Multifamily MBS in the Fourth Quarter of 2015 – fanniemae.com
Fox News personality predicts housing crisis, outs self as clueless fear-monger – HousingWire
08/28/2015 – What happens if you take the Fifth in a civil case? – Washington Post
The article does not mention the GSEs.
Thursday January 21st 2016
Fannie, Freddie Suit May Get Boost From Former Delaware Judge – Twitter
Wednesday January 20th 2016
No Longer If But When The Truth Is Shared With All – timhoward717.com
iHub user ‘Obiterdictum’ comments on court proceedings: Post #1Post #2Post #3 – iHub
GSEs: Appeals Court Sets April 15th For Oral Arguments – Valuewalk
Defaulting Single-Family Mortgages (by quality) – Ritholtz
Fear and Greed Index Hitting a Low and GSE Frienemies – Youtube
Address by FHFA Director Mel Watt – Bipartisan Policy Center
Director Watt is speaking on 2/18.
Any suggestions on FNMA stock? – Reddit
Freddie Mac settles with Deloitte in $1.3 billion suit over Taylor, Bean & Whitaker – HousingWire
Redwood Trust to Stop Purchasing Loans for Resale to GSEs – National Mortgage News
Private Investors Taking on More of the Risk With Credit Risk Transfer Programs – DS News
Tuesday January 19th 2016
Hindes and Jacobs Ask for Virginia & Delaware Supreme Court Opinion – Valueplays
Same article from Valuewalk
Is another housing crisis just around the corner? – Fox News
DS News Webcast: Tuesday 1/19/2016 – DS News
Judge rejects Obama’s executive privilege claim over Fast and Furious records – Politico
Not GSE related.
Monday January 18th 2016
The Truth Has Not Abandoned Us, We Must Not Abandon The Truth: MLK 2016 Tribute – timhoward717.com
Will Royal Bank of Scotland be the Next to Settle RMBS Fraud Claims? – DS News
Market for Private-Label Mortgage Bonds Is Recovering, but Slowly – WSJ
08/17/2012 –  Treasury Department Announces Further Steps to Expedite Wind Down of Fannie Mae and Freddie Mac – treasury.gov
An interesting look back at the Treasury’s announcement of the 3rd amendment.
Sunday January 17th 2016
Now Obama Bank Regulators Scheming To Degrade Mortgage Credit Scoring – Investors Business Daily
Goldman Puts Mortgages and Naked Shorts Behind It – BloombergView
GSEs are not mentioned.
What The Big Short Gets Right (and What Politico Gets Wrong) – Roosevelt Institute
Saturday January 16th 2016
Are GSEs the new Fed for Housing – Valuewalk
04/23/2014 – Discouraging Private Capital By Changing the Rules at the Finish Line: Fannie Mae and Freddie Mac – The Delaware Bay Company
Friday January 15th 2016
The Real Story Behind Fannie and Freddie – Wall St. Daily
“Fannie and Freddie were never really in trouble during and after the financial crisis.
Rather, they were seized by the government in order to provide a backdoor bailout to truly vulnerable large banks and simultaneously restore confidence to the traumatized financial markets.”
Advocating For Government Seizure – The Daily Caller
“…the Better Markets brief appears as politically driven as it is factually inaccurate.”
How to fix Fannie and Freddie – Politico
Court Schedules – iHub
What “The Big Short” Gets Right—and Wrong – knowledge.edu
Across the U.S., housing prices should rise solidly and renters will face greater expenses – Star Tribune
By Mark Zandi
News Media Giants Rip Into Faniie Mae and Freddie Mac – Inside Mortgage Finance
Registration Required
Is settlement looming between U.S. and RBS over pre-crisis mortgage bonds? – HousingWire
RBS settlement on U.S. mortgages could come within weeks: analysts – Reuters
Thursday January 14th 2016
Whitewashing Corporate Fraud: Boston Fed Edition – Fiderer on GSEs
Fannie/Freddie Business with Private MI Fell in 4Q; A Shift to FHA/VA? – iHub via Inside Mortgage Finance
There is Time to Fix the GSEs – Use it Wisely – Investors Unite
Same article from Valuewalk
Goldman just got wiped out – Business Insider
Goldman Sachs reaches $5 billion settlement over toxic mortgage bond claims – HousingWire
Goldman to Pay Up to $5 Billion to Settle Claims of Faulty Mortgages – NY Times
Where Was Obama’s Victory Lap on Financial Reform? – American Banker
Under Contract – The Hill
Wednesday January 13th 2016
House Democrats Call for Federal Investigation of Warren Buffett’s Manufactured Housing Conglomerate – Corporate Crime Reporter
No mention of the GSEs.
Fannie Mae Shares Hit New Low – WSJ
EDITORIAL: Fannie Mae borrows trouble with new mortgage program – Las Vegas Review-Journal
Some good comments after the article.
How Effective are Fannie Mae and Freddie Mac at Preventing Foreclosures? – DS News
‘The Big Short’: A Tale of Stupidity, Greed, and Corruption – Huffington Post
Tuesday January 12th 2016
Movie renews debate on crisis – philly.com
There’s still time to fix Fannie and Freddie – HousingWire
Housing Credit Availability Index – Urban Institute
Who’s a ‘SIFI’? Fannie and Freddie, for starters – AEI
Monday January 11th 2016
How the Feds Abuse Fannie and Freddie – The National Law Journal
Will Obama Even Touch the Mortgage Industry in his Last State of the Union Speech? – DS News
Financial Crisis Still Divides GOP, Democrats – WSJ
Saturday January 9th 2016
Off The Lows! Rebound Picks For 2016 – Seeking Alpha
Friday January 8th 2016
The United States Zestimate is Here! – National Real Estate Post Video
Start the video at 2:08. They discuss the Fannie Mae office consolidation in Plano and firearms.
FANNIEGATE: The Big Short – The Saga Of Fannie Mae & Freddie Mac – Valuewalk
‘The Big Short’ Is No Tall Tale – Retirement Income Journal
Thursday January 7th 2016
The Washington Post Also Got a Lot Wrong in Parting Shots at Fannie and Freddie as 2015 Ended – Investors Unite
Same article from Valuewalk
Five Legislative Battles to Watch in 2016 – cujournal.com
See Battle #4
What’s ahead for the housing market in 2016 – Washington Post
The false narrative about the financial crisis goes Hollywood – AEI
Good comments after the article.
The Big Short Reinforces a Widespread Misperception About the Financial Crisis – Huffington Post
Urban Institute: More non-performing loans should be sold to private investors – HousingWire
Voters, Your Rent Is Too Darn High – BloombergView
“removing (the GSEs) as the only real secondary-market player would likely trigger another mortgage crisis.”
12/23/2011 – The Big Lie – The NY Times
Wednesday January 6th 2016
Definitive Story on Subprime Fraud Ignored 11 Years Ago – David Fiderer Blog
The Big Short and the Bigger Myth About Fannie and Freddie – Inside Sources
The Wall Street Journal Takes Aim at Risk Sharing and Ignores the Law – Investors Unite
The ‘Big Short’ Gets It Right – BloombergView
Fannie Mae picks location for major Dallas-area office consolidation – HousingWire
Freddie Mac announces partnership with Lenders One – HousingWire
What Will it Take to Get Private Capital Back into Jumbo RMBS in 2016? – DS News
03/27/2014 – The Wrong Remedy for Fannie and Freddie – WSJ
By Josh Rosner
09/12/2008 – Fannie Mae’s and Freddie Mac’s Financial Problems: Frequently Asked Questions – fpc.state.gov
02/04/2005 – Workers Say Lender Ran ‘Boiler Rooms’ – LA Times
This was cited in David Fiderer’s blog post today.
Tuesday January 5th 2016
Watchdog Calls for DOJ Investigation of Mortgage Bankers CEO – cutimes.com
Registration required, but it’s free to register.
Better Markets Fails to Disclose Troubling Conflict of Interest in Recent Amicus Brief Filing – Investors Unite
11 Policymakers to Watch in 2016 – American Banker
Mel Watt at #4
The Big Short is a Great Movie, But… – Zero Hedge
@Ny1david tweets about the article
Poor Dude’s mostly GSE comments – Seeking Alpha
Freddie Mac announces first credit risk-sharing deal of 2016 – HousingWire
Toxic Twins’ Potentially Poisonous New Brew – WSJ
11/21/2013 – Ousted Fannie Mae CFO Tells His Side of the Story – American Banker
Monday January 4th 2016
False Equivalency of the Week: GSE Risk Sharing Like Synthetic CDOs – David Fiderer Blog
GSEs are the most active OTCQB stocks – Twitter
Fannie Mae’s Mortgage Portfolio Contracts for Eighth Straight Month – DS News
The Big Short – Inside Sources
@JoshRosner has some questions for Peter J. Wallison – Twitter
Here’s how to stop credit unions from dying – HousingWire
GSE Discussion – Reddit
Jim Millstein on Fannie Mae, Freddie Mac – Bloomberg Video
Not sure on the date of this one, 2014 maybe?
01/17/2011 – Wall Street, Not Fannie and Freddie, Led Mortgage Meltdown – The Daily Beast
Sunday January 3rd 2016
In 2016, Fannie Mae & Freddie Mac Will Return To 2007 Lending Practices (So What?) – Valuewalk
Saturday January 2nd 2016
Anyone Who Acted On Fox Business and Charlie Gasparinos “Greenberg Delusion” Nailed The 52 Week High: Epic 2015 Fail – timhoward717.com
Two Cheers for Fannie and Freddie Synthetic CDO – creditslips.org
Top Trades for 2016: What Investors Should Know – Bloomberg Video
GSE mention starts at 1:06.