|Tuesday June 30th 2015|
|The NY Times wants to remove the ‘protected information’ designation from the depositions of DeMarco and Ugoletti – IU|
|NYT Intervenes $FNMA #FANNIEGATE DISCOVERY – GlenBradford.com|
|Blame Excellent Financial Conditions For Fannie And Freddie Conservatorship – Seeking Alpha by Glen Bradford|
|DS News Webcast: Tuesday 6/30/2015 – DS News|
|GSE Appeal Filed – Valueplays|
|Treasury sweep of Fannie, Freddie shareholder profits “costly for housing” – Housing Wire
Trey Garrison is a true friend.
|Yale Legal Scholar: FHFA & Treasury “Exceeded” Authority on Fannie and Freddie – Investors Unite|
|Average Guarantee Fees on GSE Loans Are Two and a Half Times Their 2009 Level – DS News|
|Housing & Government Sponsored Enterprises FY 2015 President’s Budget – Treasury.gov
Pg 10 “The dividend provision of each PSPA was amended in August 2012 to support the continued
solvency of the GSEs.” How nice of them.
|Monday June 29th 2015|
|GSE Summer-Lite – Bill Maloni Blog|
|Saxton v. FHFA – Have FHFA and the Treasury Exceeded Their Limited Authority under HERA? – National Law Review|
|There Is Still Time for Obama to Strengthen the American Dream for All – Huffington Post|
|Don’t Give Fannie and Freddie’s Business Away to TBTF Banks – Investors Unite|
|US hedge funds hit back in Fannie, Freddie battle – Financial Times
Registration may be required, but it’s free to sign up.
|Funds appeal over Fannie and Freddie – iHub via Financial Times|
|Quarterly Performance Report of the Housing GSEs – FHFA.gov|
|Mortgage performance up from a year ago – Inman|
|FHLB Earnings Pumped Up by Mortgage Settlements – National Mortgage News|
|The spiraling idiocy of trying to solve the wrong problem – Dalton Daily Citizen|
|Hank Greenberg: I was forced out – Fox Business Video|
|Sunday June 28th 2015|
|03/04/2014 – Fannie Mae Accounting Scandal for Dummies – National Mortgage News|
|01/22/2013 – Fannie Mae “Accounting Scandal” Discredited In Court – Op Ed News|
|11/22/2010 – The Fannie Mae Accounting Scam Promoted by the Chairman of the S.E.C. – Insiders’ Game
Today’s theme is David Fiderer debunking the fake accounting scandal in the 2000’s.
|Spring 2014 – The Reorganization of Fannie And Freddie – NYU Journal of Law and Business|
|Saturday June 27th 2015|
|Ugoletti’s Testimony Calls Into Question Evidence, Bodes Well For Fannie Mae – Seeking Alpha by Glen Bradford|
|Friday June 26th 2015|
|Fairholme has filed a multitude of court filings, all are sealed. See this google groups discussion for more information.|
|The Treasury Will Profit From Derivatives And Higher Interest Rates – Seeking Alpha by David Sims|
|The Truth about Timothy Geithner(Goldman Sachs Fraud settlement) 2000-2015, Geithner orchestrated the sweep of Fannie Mae and Freddie Mac’s profits! – Fannie Mae Shareholders
Part 2 of the Hank Paulson takedown, now featuring Timothy Geithner
|Treasury to Profit from Falling Bond Prices and Bubble Bursting – Ridge Haven Capital|
|Saxton v. FHFA – Have FHFA and the Treasury Exceeded Their Limited Authority under HERA? – National Law Review
“Political expediency should not flout the rule of law.”
|Bill Ackman Is Confident About Freddie Mac (NYSE:FRE-PK) and Fannie Mae (NYSE:FNM-PK) – WallStreet.org
Submit a fake email address for access. Also, interesting use of the old stock symbols.
|Greenberg Gets Ready for Round 2 in AIG Fight – WSJ|
|Greenberg Says Appeal in AIG Case Is About Future of U.S. – Bloomberg|
|09/10/2014 – What Happens if the Government Loses on the Third Amendment? The Senior Preferred Stock Certificates Spell Nothing But Trouble For the Government – Forbes|
|Thursday June 25th 2015|
|Ugoletti Testimony Contradicts Gov’t Evidence – Valueplays|
|New Analysis Shows Fannie Mae Didn’t Need A Dime – Seeking Alpha by Glen Bradford|
|Book Review: Shaky Ground: The Strange Saga Of U.S. Mortgage Giants – Investing|
|CMLA letter to Director Watt stating the TBTF banks should not have access to the CSP.|
|Why a Billionaire Hedge Fund Manager Is Betting Big on Fannie Mae and Freddie Mac – Motley Fool|
|The Fortune 500’s biggest stock market losers – Fortune
FNMA at #10, although they note “This year, however, Fannie’s shares have risen more than 18% already.”
|Some Relief Around The Corner For Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Federal Home Loan Mortgage Corporation (OTCBB:FMCC) CEOs – Journal Transcript|
|02/11/2009 – Edward Lampert 2009 Shareholder Letter
‘Mark’ points out the highlights of the letter at timhoward717.com
|$FNMA #FANNIEGATE Eddie Lampert’s weigh in – GlenBradford.com|
|05/10/2012 – Unless You’re A Bankster You’ve Probably Never Heard Of Ed Royce (R-CA), But We Have An Opportunity To End His Disgraceful Career Now – Down with Tyranny Blogspot|
|10/27/2012 – Desperate Ed Royce, Already a Shameless Liar, Now Goes FULL-BORE RACIST – Orange Juice Blog
Some news on our favorite Fannie hater Ed Royce.
|Wednesday June 24th 2015|
|Deloitte! Restate Thou Must! :Forensic Accounting Blows Lid Off Entire GSE Scheme – timhoward717|
|Thoughts On The AIG Ruling And The Implications For Fannie Mae – Seeking Alpha|
|Frank Fosco comments on Deloitte’s financials – timhoward717|
|More Americans Are Renting, and Paying More, as Homeownership Falls – NY Times|
|Fannie Mae, Freddie Mac – Shaky Ground – Book Review – Valuewalk|
|A Forensic Look At The Fannie Mae Bailout – Valuewalk|
|Principal Reduction: A Mortgage Quandary With No Easy Answers – WSJ|
|Tuesday June 23rd 2015|
|GSE Credit Risk Sharing Paves Path To End Conservatorship – Seeking Alpha by Glen Bradford|
|The three-card Monte accounting of Fannie, Freddie conservatorship – Housing Wire
THANK YOU TREY GARRISON.
|A Forensic Look at the Fannie Mae Bailout: Scrubbing the Tricky Accounting of Conservatorship – Housing Wire|
|Paulson Served His Goldman Gods Well: What The F*[email protected] Is Obama’s Excuse? – timhoward717|
|Special Situations: Fannie Mae ‘Raisins’ Analysis June 2015 – Seventeen Mile|
|U.S. Conference of Mayors: Don’t sell non-performing loans to Wall Street – Housing Wire|
|Delinquent GSE Mortgages Continue to Decline – ABA Banking Journal
“Seriously delinquent loans — those that are 90 days or more past due — dropped to 1.8 percent of Fannie and Freddie’s mortgage portfolio after the first quarter. By comparison, 5.7 percent of Federal Housing Administration loans were seriously delinquent, and 4.2 percent of all loans were.”
|12/01/2008 – Nationalization of the Mortgage Market – Fee.org|
|Monday June 22nd 2015|
|A July Approaches….. – Bill Maloni Blog|
|The New American Dream Under Obama: Renting – Investors.com|
|Monday Morning Cup of Coffee: CFPB under the gun again – Housing Wire
Trey Garrison is staying on top of Fanniegate.
|Counsel’s Corner: GSEs Have Intensified Efforts to Transfer Risk to Private Market – DS News|
|Supreme Court strikes down federal raisin program as unconstitutional – USA Today
Raisins, not GSEs, but it’s encouraging that the Supreme Court recognizes property rights in an 8-1 ruling.
|Sunday June 21st 2015|
|The Truth about Henry Paulson(Goldman Sachs,Treasury) and FHFA conservatorship of Fannie Mae and Freddie Mac, as told by history 2005-2015 – Fannie Mae Shareholder Blogspot
A fantastic takedown of Henry Paulson by Gary E aka eckgar1. Send this article to your representatives.
|Financial Stability Oversight Council 2015 Report – C-Span
This is the full video from Wednesday’s FSOC meeting.
Rep. Capuano grills Treasury Secretary Jack Lew at 57:45.
|Pyrrhus would be proud – The Economist|
|01/06/2011 – Judicial Watch Asks Court to Review Government Documents On Decision to Seize Control of Fannie Mae and Freddie Mac – Judicial Watch|
|11/05/2011 – What caused the financial crisis? The Big Lie goes viral – Washington Post|
|Friday June 19th 2015|
|The AIG Case and the Rule of Law – National Interest|
|Former AIG Chief Asks Court to Revive ‘Backdoor Bailout’ Claims – WSJ|
|Rep. Ed Royce Continues His Attack on Shareholders, Favors Running Fannie and Freddie with No Capital – Investors Unite|
|Fannie Mae: Adjudicating The Government’s Supplemental Motion Now Would Be Senseless – Valuewalk|
|Royce Elicits Lew Support for GSE Reform Building Blocks – House.gov
Commenters are all in disagreement of Rep. Ed Royce’s GSE plan. This is on his official page, so I’m sure he is noticing.
|Thursday June 18th 2015|
|There is a new court filing in the Fairholme case. It is sealed so we cannot view it. See a summary from timhoward717 user Ron Luhmann.|
|The Government Will be Repaid and Other News – Ridge Haven Capital (podcast)|
|Fannie Mae Securities Are Outperforming Treasuries – Yahoo|
|Congressman Michael Capuano Q&A with Treasury Secretary Lew at FSOC Hearing – Youtube|
|Here’s why mortgage modifications have changed dramatically in last year – MarketWatch|
|Treasury Downplays Talk of Ending GSEs? Conservatorship, Reiterates Support for Reform – iHub via Inside Mortgage Finance|
|Trending Thursday: Conservatorship will never die – Housing Wire|
|“Deep MI”, “CSP”- The MBA’s New and Dangerous “Mission Creep” – Scribd by Josh Rosner
This was posted Monday but got lost in the shuffle with the AIG verdict that day. This is another good piece by Josh Rosner.
|Who Needs The Magna Carta? – Palisades Hudson
A brief GSE mention.
|Royce Elicits Lew Support for GSE Reform Building Blocks – Real Estate Rama
This is a rehash of the video we saw yesterday.
|Wednesday June 17th 2015|
|Judge Wheeler’s Opinion In Starr, And Is There Any Read Through To FNMA? – Seeking Alpha|
|Barclays to End Trading in $700 Billion of Mortgage Bonds – Bloomberg
“The firm no longer will regularly buy and sell the residential securities, which lack government backing”
|Crucial Differences Between AIG & GSE Lawsuits – Investors Unite
Same article from Valuewalk
|A Ghost of Fannie and Freddie’s Past Haunts Capitol Hill Hearing – Wall Street Journal
The commenters have turned on Mr. Carney
|Nice tweet from @MarkCalabria – twitter|
|2015 FSOC Annual Report – treasury.gov|
|Royce Elicits Lew Support for GSE Reform Building Blocks – Youtube
This was from today’s FSOC Annual Report meeting. Rep. Ed Royce repeats the same lines from the last video. He wants more credit risk sharing deals and access for everyone to the CSP.
|About That Surge In Building Permits – Talk Markets
Not really GSE related, but it gives a detailed discussion about building permits and what the numbers really mean.
|GSE Buybacks Down Sharply in First Quarter of 2015 – iHub via Inside Mortgage Finance|
|Tuesday June 16th 2015|
|Government Found Guilty As Charged In AIG Heist: Victory Is Ours/Salute to Hank Greenberg – timhoward717|
|All Dollars Are Created Equal: FannieGate – Seeking Alpha by Glen Bradford|
|Musings on the Shelby GSE Provisions – Bill Maloni Blog|
|For Fannie, Freddie Investors, Cautious Optimism After AIG Ruling – Wall Street Journal|
|Valuing Freddie Mac And Fannie Mae’s Common And Preferred Stocks – Seeking Alpha|
|Special Edition on $AIG Ruling $FNMA $FMCC – Ridge Haven Capital
Ridge Haven Capital LLC is David Sims’ new firm. I bet I’ll be linking here often.
|Mortgage-Bond Sales Soar in Sign U.S. Crisis Wounds Healing – Bloomberg|
|Hank Greenberg to appeal ruling in bailout lawsuit? – Fox Business Video|
|Hank Greenberg Won Ruling on AIG Bailout, Will Appeal Anyway – Bloomberg|
|AIG Opinion and Order: What does this mean to the GSEs? – th717.wordpress.com|
|Wheeler Ruling: From AIG to GSE – Valuewalk|
|Fannie Mae Shareholders Optimistic About Recent Rulings – Valuewalk|
|Greenberg AIG victory raises Fannie Freddie stakes – Google Groups via Financial Times|
|Housing advocates: FHFA won’t reduce principal, offers discounted NPLs – Housing Wire|
|01/10/2013 – Hank Greenberg’s Case Against ‘Uncle Sam’ – CNBC Video|
|Monday June 15th 2015|
|Confirmations Abound: Leadership Council Demands Release/Motion To Make Depositions Public – timhoward717|
|Homeowners of every color: Obama must recommit to helping low-income Americans access safe home loans – NY Daily News|
|AIG Opinion and Order – Valuewalk|
|Hank Greenberg Wins Trial But No Damages in AIG Bailout Fight – Bloomberg|
|U.S. judge tosses damages bid by ex-AIG CEO Greenberg over 2008 bailout – Yahoo|
|Ex-A.I.G. Chief Wins Bailout Suit, but Gets No Damages – NY Times|
|Fmr. AIG Chief Greenberg wins bailout case, doesn’t receive damages – Fox Business Video|
|Federal Reserve Press Release about AIG Decision – federalreserve.gov|
|AIG’s win holds no promises for Fannie, Freddie investors: analysts – MarketWatch|
|No Room in AIG Winner’s Circle for Fannie, Freddie – WSJ
I include Carney’s articles for the entertainment value at this point.
|Judge Wheeler’s Opinion in Starr, and Is There Any Read Through to FNMA? – MBIBAC Litigation Blogspot|
|Court Finds Government Actions in AIG Bailout Were Illegal – Cato Institute|
|Analysts fail to see carryover for GSEs from AIG case – Seeking Alpha|
|Fannie Mae and Freddie Mac on the move after Greenberg wins AIG suit – Seeking Alpha|
|“Deep MI”, “CSP”- The MBA’s New and Dangerous “Mission Creep” – Scribd by Josh Rosner|
|FHFA Releases 2014 Report to Congress – FHFA.gov|
|FHFA’s 2014 report to Congress – Housing Wire|
|Sunday June 14th 2015|
|The Bailouts Of 2007 – 2009 – Talk Markets|
|11/11/2010 – Charles Gasparino: Banks to Blame Fannie Mae, Freddie Mac – Street Insider|
|Saturday June 13th 2015|
|More Judge Wheeler quotes from the AIG trial – Google Groups|
|An Expansion in the Banking Sector? – Daily Reckoning
Not really GSE related, but they are mentioned briefly.
|09/16/2008 – Hank Paulson has turned drama into a crisis – gavekal.com|
|Friday June 12th 2015|
|Fannie Mae Comes Out Swinging – National Real Estate Post (video)|
|Rep. Royce Questions HUD’s Castro on GSE Reform and FHA Market Exodus – Real Estate Rama
“I wanted to get your take on… an increase in private sector credit risk sharing by the GSEs… the creation of a truly Common Securitization Platform which allows for issuance of mortgage-backed securities other than the GSEs, and the development of a common residential mortgage-backed security by Fannie Mae and Freddie Mac. I thought I would just give you the floor to discuss how this might bring private sector capital back into the market and how we might work together to achieve these goals as kind of a building block,” said Rep. Royce to Secretary Castro.
A video of Rep. Royce asking these questions and answers from HUD Treasury Julian Castro can be found here.
Rep. Royce is crystal clear of his plans for the GSEs here. He wants to give everyone access to the CSP and increase credit risk sharing deals by the GSEs.
|Legal update – GlenBradford.com|
|02/11/2011 – Inside the mind of a Fannie-Freddie bull|
|09/13/2010 – Data on the Risk Characteristics and Performance of SingleFamily Mortgages Originated from 2001 through 2008 and Financed in the Secondary Market
This is a dive into the PLS vs Enterprise mortgages. Some good info in there.
|Thursday June 11th 2015|
|GSE Conservatorships: A Washington Post Article Gets A Reality Check – Medium
A must read by David Fiderer.
|New Motion To Dismiss Surfaces Against Fannie And Freddie Investors – Seeking Alpha by Glen Bradford
A great piece by Glen Bradford.
|David Sims Podcast – Ridge Haven Capital
GSE discussion starts at 8:45.
|[email protected] comments on the challenges the GSEs faced in the past – timhoward717|
|Gaspo: Court decision in legality of AIG bailout likely by end of June – Fox Business Video|
|@CGasparino with some AIG/GSE related tweets today. Tweet #1, Tweet #2, Tweet #3
The tweets are a rehash of the video.
|hvpatel lists some of Judge Wheeler’s quotes from the AIG case – iHub|
|02/2011 – What Congress Should Consider for the Future of Housing Finance – RealtorActionCenter.com|
|02/23/2011 – Bryndon Fisher letter to the treasury
Sent in case the government tries to liquidate the GSEs. Google groups discussion here.
|Wednesday June 10th 2015|
|Top Bank Analysts Warn Another Frannie Bailout Coming – Fox Business
Good comments by Munchyman after the article
|The National Housing Trust Fund on the Congressional Cutting Block Unless Advocates Act – NonProfitQuarterly.org|
|Fannie: ‘Things Are Looking Up for Housing’ – RealtorMag|
|Fannie/Freddie Issuance Slips in May, but Purchase Business Finally Takes Hold – iHub via IMFPubs|
|Jim Cramer Says Wells Fargo Is the Financial Stock You Should Own – The Street
Some people sent Cramer GSE questions all day on twitter. It must be why he felt compelled to throw in the GSE comment.
|Freddie Mac Executes Sale of First Extended Timeline Offering of Seriously Delinquent Loans From Its Investment Portfolio – CNN Money|
|Senators Request Information from FHFA Concerning Credit Risk Transfers – The M Report|
|FHFA Credit Risk Transfer Ltr 6 10 15 – Scribd|
|Tuesday June 9th 2015|
|With Their Defense In Shreds Government Attorneys Grow Amusingly Desperate – timhoward717|
|Government asks for dismissal of Frannie suit – Seeking Alpha|
|regulatory vs physical takings – GlenBradford.com|
|Clock ticking for GSE reform – SNL.com|
|$FNMA #FANNIEGATE – GlenBradford.com|
|$FNMA recent news/filings – A massive iHub post from stockprofitter|
|Mortgages Are About Math: Open-Source Loan-Level Analysis of Fannie and Freddie – ToddWSchneider.com|
|Yes, Marco Rubio Struggled With His Finances. Now Let’s Talk About His Policy Prescriptions
“He (Rubio) has supported either eliminating or privatizing Fannie Mae and Freddie Mac, two big government-controlled housing finance companies”
|6 Ways Washington Will Shake Up Wall Street This Summer – TheStreet
#3 has some GSE talk.
|obit iHUB $FNMA #FANNIEGATE PART 1 – GlenBradford.com|
|Housing Finance Recommendations – Civil Rights Docs
This civil rights group comes out strongly for GSE recapitalization
|@JonAPrior Tweet – Progressive groups urge White House economic team to settle with Fannie, Freddie shareholders|
|WaPost: AIG’s Greenberg, Hedge Funds May Prevail in Suits Against Government – Newsmax|
|Monday June 8th 2015|
|timhoward717 via Peter Chapman comments on the Government motion in the Fairholme case – timhoward717.com|
|My thoughts on Peter Champman’s update from th717 – GlenBradford.com|
|[email protected] opines on the reason for today’s government filing in the Fairholme case – timhoward717|
|The Government Makes a Bizarre Argument in Fannie Mae Case – Valuewalk|
|Uncle Sam Sours on Frannie Suit – WSJ|
|Cats and Dogs, June 2015 – Bill Maloni Blog
Good info in this week’s post.
|President Obama’s Housing Policies Threaten To Decimate Black America: White Paper Release – timhoward717|
|Another Assault On Treasury’s Infamous Third Amendment: The Struggle Over The GSEs Is Not Over – Forbes|
|@CGasparino likes the odds in the AIG case – Twitter|
|The Government Takeover of Fannie Mae and Freddie Mac: Upending Capital Markets With Lax Business and Constitutional Standards – NYU Journal of Law and Business
This piece by Richard A. Epstein was bouncing around the internet today and was originally from March 2014. However it has been updated with a ‘Postscript’ section.
|02/02/2014 – Shareholder Respect Round Table on the Future of the GSEs – ShareHolderRespect.org
Ted Olson at the 31 minute mark describes the legal rights of shareholders past vs present.
|Sunday June 7th 2015|
|President Obama is Letting Fannie and Freddie Slip Away, and it will Destroy Opportunities for African American Borrowers|
|President Obama Fateful Error in Making Bush’s Goldman Sachs/AIG Scandal His Scandal – Econintersect.com
Discusses AIG and Goldman Sachs
|Saturday June 6th 2015|
|We bailed you out, and now you want what!?! – Washington Post|
|Friday June 5th 2015|
|Henry Paulson- Goldman Sachs and Treasury Secretary, The Great Conductor of slight of hand? – Fannie Mae Shareholders Blogspot|
|DOJ set for second round of massive mortgage settlements – HousingWire|
|Goldman Sachs, Morgan Stanley Close To Mortgage Probe Settlement – Valuewalk|
|Thursday June 4th 2015|
|All Eyes Are On The DTA Reversals And The Big Profits Treasury Saw and Seized With The 3rd Amendment Sweep./Ugoletti Unveiled? – timhoward717|
|Fannie And Freddie Legal Woes Are Big Shows – Seeking Alpha by Glen Bradford|
|Freddie Mac Investor Presentation – FreddieMac.com|
|How J.P. Morgan and Barclays mistakes inflated the housing bubble – Marketwatch|
|Democrats push new bill allowing community banks to exceed QM rule – Housing Wire|
|Wednesday June 3rd 2015|
|Sustainable Homeownership: The Future of Housing Finance – National Journal
Ed Royce at 21:40
Julian Castro at 58:50
|Housing Authorities Envision More Limited Role for Fannie Mae and Freddie Mac – National Journal|
|Senate GSE Proposals Gain Support of Key House Member – National Mortgage News|
|Rosner Mortgage Market Reform & the GSEs CATO Presentation – Scribd
pdf version via Google Groups
|This was my favorite tweet from Josh Rosner’s presentation – Twitter|
|Blackstone’s ‘New’ Mortgage Company Can’t Take Apps Over the Web Until…the NYDFS Says So – imfpubs via Google Groups|
|Big Wall Street players view REITs as essential to a mortgage-market recovery – iHub
This article is from July 2011 and talks about Timothy Bowler when he worked at Goldman Sachs. He has recently left his position at the Treasury, see this Bloomberg article. The Truth About FnF website also had a post about him on 2/1/15.
|Fannie and Freddie Shareholders Sue FHFA and Treasury Department Over Payment of Profits to U.S. Government – JD Supra|
|Tuesday June 2nd 2015|
|Michael Stegman Joins National Economic Council – NLIHC.org|
|Check your GTC orders – iHub|
|“exhaustive depositions of key FHFA officials” I hear Demarco fell asleep – GlenBradford|
|Shadow Banking Now Dominates The Mortgage Market, Edging Out Wall Street Giants – IB Times|
|Reform Needed to Mitigate Nonbank Lending Risk: Researchers – National Mortgage News
“They also advised reforming Freddie Mac and Fannie Mae to improve their fiscal condition, so that nonbank institutions pose less of a hazard.”
Sounds like a call to recap to me.
|BAML: Agency MBS results mixed but Fannie, Freddie solid – Housing Wire|
|The best companies to work for in housing – Housing Wire
There’s been a lot of positive GSE articles lately from Housing Wire
|Is this evidence that the market has fully rebounded from 2008? – MPA Mag|
|PMI Firms Want to Offer ‘Deep Coverage’ of GSE Risk-Sharing Deals – National Mortgage News|
|Rumormill: McFarland quit Fannie Mae because of net worth sweep – GlenBradford|
|10/01/2014 – Special Situations: Fannie Mae Quick Note October 2014|
|Monday June 1st 2015|
|If not now, when? – Bill Maloni Blog|
|Monday Morning Cup of Coffee: New FannieGate lawsuits challenge sweep – Housing Wire|
|The Dick Fuld Denial – Bloomberg View
“Fuld’s claim that Fannie Mae, Freddie Mac and other so-called government-sponsored entities caused the crisis has been thoroughly, repeatedly, utterly debunked. “
|Why The Housing Market Collapse Is Set To Resume – Valuewalk|
|“FANNIE MAE & FREDDIE MAC: Fresh Attack on Profit Sweep in N.D. Iowa,” 19 Troubled Company Reporter 152 (June 1, 2015) at 48-52.
As noted, see Page 48 – 52. Peter Chapman has been kind enough to provide today’s edition of the Troubled Company Reporter for free! If you are interested in subscribing to the TCR please visit http://bankrupt.com/freetrial/
|Why nonbanks are booming, and what kind of risk they bring – Housing Wire|