GSE Links

Thursday January 31 2019

Associated Press: Investors Unite Teleconference: GSE Shareholder Litigation Update

American Banker: FHFA’s Otting gives Democratic leaders little detail on GSE plans

Bloomberg: Fannie-Freddie Regulator Now Welcomes Lawmaker Input on Revamp

Boston Agent Magazine: White House presses for changes at Fannie and Freddie

Housing Wire: White House walks back Otting comment on imminent GSE reform

Bloomberg Law: U.S. Mortgage Index Providers Prepare for Fannie-Freddie Launch

JD Supra: 9th Circuit: DU Does Not Make Fannie Mae a Consumer Reporting Agency

Market Watch: FHFA head offers olive branch to Congress on privatizing Fannie Mae, Freddie Mac

Wednesday January 30 2019

Investors Unite: GSE Shareholder Litigation Update Teleconference

Bill Maloni’s GSE Blog: It is the best of times, it is the worst of times…

The Wall Street Journal: Trump Won’t Act Alone to Get Fannie, Freddie Out of Government Control

Inside Mortgage Finance: Step 1 in GSE ‘Administrative’ Reform: Letting Fannie and Freddie Build Capital

Reuters: Trump expects Congress to help overhaul Fannie Mae, Freddie Mac

Bloomberg: Trump Administration to Unveil Fannie, Freddie Overhaul Soon

Market Watch: As Fannie-Freddie reform gets underway, here are the three big questions for the housing market

Washington Examiner: White House promises plan for Fannie and Freddie ‘shortly,’ won’t bypass Congress

Nasdaq: Trump expects Congress to help overhaul Fannie Mae, Freddie Mac

Street Insider: Freddie Mac (FMCC) Reports Resignation of Thomas M. Goldstein from Boar

Inside Mortgage Finance: Freddie MBS (Servicing) Grew Faster Than Fannie Sector in 2018

Prospect: The Trump Appointee Delivering a Jackpot for Hedge Funds

Dodd Frank Update: Dems give Otting ultimatum on GSE plans

The M Report: Crapo Puts Housing Finance Reform Front & Center

DS News: Crapo Focuses on Housing Finance Reform

American Banker: GSEs, data security top Senate Banking’s agenda

JD Supra: Subcommittee chairs announced by new House Financial Read More

Friday December 28 2018

American Banker: Will 2019 bring long-awaited GSE reform?

Wednesday December 26 2018

National Mortgage News: On way out, Hensarling makes final case for GSE reform

Scotsman Guide: Blog: GSE reform is coming with or without Congress

Housing Wire: Experts weigh in on housing reform at House hearing

DS News: The Fate of Fannie and Freddie

National Mortgage News: For hedge funds, 2019 offers risks and rewards on Fannie-Freddie

Scotsman Guide: GSE reform returns to Capitol Hill

American Banker: Trump names OCC’s Otting as acting director of FHFA

Housing Wire: Trump taps OCC’s Otting to replace Watt as FHFA director

Friday December 21 2018

Bloomberg: For Hedge Funds, 2019 Offers Risks and Rewards on Fannie-Freddie

Reuters: Trump to name currency comptroller Otting as acting director of the FHFA

Washington Examiner: Trump names acting director for Fannie, Freddie oversight agency

Thursday December 20 2018

Mortgage Professional America: Mnuchin: I want to get Fannie, Freddie out of conservatorship

Mortgage News Daily: Fannie/Freddie “Reform” Discussion Heats Up Again

Seeking Alpha: GSE Investors Wait For Watt To Leave FHFA

Bill Maloni’s GSE Blog: Bum actors perform a very bad movie…

Wednesday December 19 2018

Bloomberg: Mnuchin Hints at Fannie-Freddie Changes to End U.S. Control

The Hill: Fannie and Freddie didn’t get a bailout; it was a stick-up

Monday December 17 2018

American Action Forum: Housing Finance Reform In One Picture

Friday December 14 2018

Seeking Alpha: Calabria Nomination As FHFA Director Good For GSE Preferreds

DS News: New Faces in Housing Regulation

Bill Maloni’s GSE Blog: New Year, New GSE Court Hopes??

Thursday December 13 2018

American Banker: It’s official: White House taps Calabria as head of FHFA

Housing Wire: It’s official: Trump nominates Mark Calabria to lead FHFA

The Real Deal: Trump taps Mark Calabria as new head of Federal Read More

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

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