December 2018

Tuesday December 11 2018

New filing in Fannie/Freddie Consolidated Class Action, click here to view.

Peter Chapman writes, “The parties have agreed among themselves that FHFA, Fannie and Freddie’s answers to Fairholme, Arrowood and the Class Plaintiffs’ complaints will be filed by Dec. 17, and ask Judge Lamberth to approve that six-day extension.”

The Hill: Fannie and Freddie investors want us to forget about the housing crisis

Wall Street Journal: Trump Expected to Nominate Fannie, Freddie Critic to Oversee Mortgage-Finance Giants

New York Times: Trump May Choose Critic of Fannie and Freddie to Lead Agency Overseeing Them

Politico: Trump expected to name Pence aide Calabria as top housing regulator

Bloomberg: Trump Considering Pence Aide for Fannie-Freddie Regulator

American Banker: What Calabria at FHFA would mean for GSE reform

Housing Wire: The end of Fannie, Freddie conservatorship? Trump reportedly picking Mark Calabria to lead FHFA

National Mortgage Professional: Reports Claim Trump Wants Mark Calabria to Run FHFA

Thursday December 6 2018

Credit Union Journal: Two Dems vie to chair housing subcommittee in congressional shake-up

National Mortgage News: NPL sales at Fannie Mae and Freddie Mac slowing at a more gradual pace

Tuesday December 4 2018

New filing in Collins vs. FHFA. Peter Chapman writes, “The Fifth Circuit’s scheduled the en banc rehearing in Collins v. FHFA for Wed., Jan. 23, 2019, in New Orleans.”

American Banker: Waters likely to raise affordable housing’s profile in GSE debate

National Mortgage Professional: FHFA OIG Completes Report on Watt Misconduct Charges

National Mortgage Professional: McHenry to Become Financial Services Committee’s Ranking Member

Monday December 3 2018

Seeking Alpha: Administrative Recapitalization Of Fannie And Freddie May Start Soon

Bill Maloni’s GSE Blog: Tutorial: With no GSE “uglies” left, have we finally exposed the bad guys and their transparent objectives? Read More

November 2018

Friday November 30 2018

New filing in Bhatti vs. FHFA, click here to view

Peter Chapman writes, “The Bhatti Plaintiffs delivered their reply brief to the Eighth Circuit today.”

DS News: Examining FHFA’s Capital Standards Proposal

Tuesday November 27 2018

Bill Maloni’s GSE Blog: GSE Cats and Dogs and One Big Turkey

Monday November 26 2018

Delaware Bay Company: “Release the Hostages”

Wednesday November 21 2018

Wall Street Journal: Partisan or Deal Maker? Maxine Waters Rises as Banking Industry’s Overseer

Tuesday November 20 2018

New filing in Owl Creek vs. United States, click here to view.

Peter Chapman writes, “Owl Creek and other Jones Day clients submitted an unopposed motion to Chief Judge Sweeney today to correct some statements contained in their sealed brief opposing the government’s motion to dismiss about when they acquired their preferred stock in the GSEs. The corrections indicate that these shareholders purchased some of their securities prior to the conservatorship and purchased more thereafter.”

New filing in Fannie/Freddie Consolidated Class Action, click here to view.

Peter Chapman writes, “FHFA, Fannie and Freddie delivered a reply in support of its partial reconsideration request to Judge Lamberth today, urging him again to dismiss the shareholder-plaintiffs’ implied covenant claims.”

New filing in Rop vs. FHFA, click here to view.

Peter Chapman writes, “The Rop Plaintiffs delivered a copy of Treasury’s brief filed in the Eighth Circuit in Bhatti v. FHFA to Judge Maloney late last week. The Rop Plaintiffs point Judge Maloney to statements by Treasury in its brief that are at odds with FHFA’s contention that it is a constitutionally structured agency.”

New filing in Wazee vs. FHFA, click here to view.

Peter Chapman writes, “FHFA delivered its motion to dismiss Wazee’s complaint to Judge Alejandro in Philadelphia yesterday evening.”

New filing in Read More

August 2018

Friday August 31 2018

New filing in Collins vs. FHFA, click here to view

Peter Chapman writes, “FHFA filed a rehearing petition in the Fifth Circuit yesterday asking a larger panel of judges to take another look at whether the Collins Plaintiffs have Article III standing to bring their separation-of-powers claim and whether FHFA’s structure violates Article II of the Constitution.”

New filing in Cacciapalle vs. U.S., click here to view

Peter Chapman writes, “Judge Sweeney placed her stamp of approval on the parties’ request to delay briefing on class certification.”

New filing in Fairholme vs. U.S., click here to view

Peter Chapman writes, “The government responded to Fairholme’s request. The government wants Judge Sweeney to bring an end to the filing of amended complaints and asks her to set Sept. 12 as that deadline.  The government says it will file a fresh omnibus motion to dismiss amended complaints filed on or before Sept. 12 by Oct. 1.  Fairholme, in turn, respond by Oct. 23, and the government will file its reply by Jan. 22.”

Thursday August 30 2018

New filing in Jacobs vs. FHFA, click here to view

Peter Chapman writes, “FHFA notified the Third Circuit about the Saxton decision in a letter dated yesterday.”

New filing in Cacciapalle vs. U.S., click here to view

Peter Chapman writes, “The parties want Judge Sweeney to place her stamp of approval on their agreement to delay further briefing about class certification until after she’s ruled on the government’s omnibus motion to dismiss.”

Curbed: 10 years after the financial crisis, is the housing market still at risk?

Wall Street Journal: Banks Looking for Growth Not Helped by Housing

Wednesday August 29 2018

DS News: The Impact of Privatizing the GSEs

Tuesday August 28 2018

American Banker: GSE reform could increase costs to Read More