GSE Links

September 20 2019

Wall Street Journal: The Housing Godzillas Try for a Better Life (Letters)

Bloomberg: GSEs Are Much Better Than Before Crisis, Former Fannie Mae CEO Says

Real Clear Markets: Have Fannie and Freddie Paid the Taxpayers Back Yet?

Financial Times: Will Fannie and Freddie be a gift of the Trump administration?

American Banker: Trump housing plan could have unintended consequences for FHA

Wall Street Journal: Administrative State Under Judicial Fire

September 19 2019

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

Peter Chapman writes, “Owl Creek and other Jones Day clients alerted Judge Sweeney to the Fifth Circuit’s Collins decision”

September 18 2019

American Banker: BankThink The ball is in FHFA’s court for reforming the GSEs

Housing Wire: Calabria: Fannie Mae and Freddie Mac won’t privatize until 2020’s end or later

The Hill: Bipartisan housing finance reform on the road less taken

DS News: FHFA Director Mark Calabria Gives Update on Fannie and Freddie

Bill Maloni’s GSE Blog: What good is he if he just fans the fires of ignorance?

September 17 2019

Bloomberg: Fannie Mae and Freddie Mac Won’t Go to Market Until End of 2020, FHFA Director Says

Bloomberg Law: Fannie, Freddie Fundraising Unlikely Until 2021, Calabria Says

CCN: The Return of Mortgage-Backed Securities: Private Banks Ready to Play Fannie Mae and Freddie Mac

September 16 2019

An update in Bhatti vs. FHFA: The Eighth Circuit will hear oral argument in Bhatti v. FHFA at 9:00 a.m. on Tues., Oct. 15, 2019, in St. Paul, Minn., before Judges Lavenski R. Smith, Raymond W. Gruender and Duane Benton.

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

Peter Chapman writes, “The Rafter Plaintiffs also alerted Judge Sweeney to the Fifth Circuit’s decision in Collins v. FHFA”

New filing in Fairholme vs Read More

August 30, 2019

American Banker: Will GSE reform get some clarity from long-awaited blueprints?

American Banker: ‘You don’t have to like the GSEs’: Comments of the week

August 29 2019

American Banker: BankThink GSE bailout was really a stickup

August 28 2019

Housing Wire: Trump administration to release plan for Fannie, Freddie after Labor Day

August 27 2019

Wall Street Journal: A Primer on the Future of Fannie, Freddie

American Banker: 6 banking issues to watch when Congress reconvenes

Fortune: Ex-Fannie Mae CEO: Housing Will Be Fine in the Next Recession

Bill Maloni’s GSE Blog: Keeping my eyes on the bad guys and other things…..

August 23 2019

Bloomberg: Fannie-Freddie Revamp Risks Destabilizing Economy, Democrat Says

Deal Breaker: Fannie Mae, Freddie Mac Are Back And, Uh, Pretty Much The Same As Before

Mortgage News Daily: Treasury Report Sparks Rumors of Fannie/Freddie Liberation

The M Report: Bringing Fannie and Freddie out of Conservatorship

August 22 2019

Wall Street Journal: Fannie and Freddie Plan Is Likely Released Next Month

Fox Business: Treasury Plan for Fannie Mae & Freddie Mac near complete

Fox Business: Treasury reform plan for Fannie, Freddie in final stages: Gasparino

American Banker: BankThink Taxpayers are the GSEs’ true stockholders

August 20 2019

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

Peter Chapman writes, “In a reply delivered to Judge Lamberth yesterday, Fairholme reminds the court “Treasury [has a] starring role in matters concerning the Net Worth Sweep,” the subpoena is designed to avoid production of documents previously produced, and Treasury’s conclusory parroting of discovery-related buzzwords — rather than sharing facts — fails to demonstrate any undue burden. ”

Housing Wire: Add another 6 months to Fannie, Freddie recap and release timeline

JD Supra: FHFA Publishes Final Rule on Validation and Approval of Credit Score Models

Bill Maloni’s Read More

July 31 2019

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

Peter Chapman writes, “In a joint filing yesterday the parties tell Judge Lamberth they didn’t complete factual discovery by July 15 and need four additional months.  With that in mind, the parties propose to extend the deadlines previously established and set Mon., Oct. 19, 2020, as the trial date for the shareholders’ contract claims. ”

Inside Sources: Safety, Soundness of Housing Finance System of Utmost Importance in Credit Scoring Debate

Yahoo! Finance: Fannie Mae Announces Scheduled Release of Second Quarter 2019 Financial Results

July 30 2019

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

Peter Chapman writes, “The parties alerted Judge Alejandro in Philadelphia that Director Calabria displaced Acting Director Otting and FHFA advised Judge Alejandro that, under Director Caliabra, FHFA believes its structure is constitutional.”

American Banker: A GSE plan before the election has risks — but so does doing nothing

Forbes: Kraninger’s CFPB Takes Major Step To Fix Housing Finance

July 29 2019

Reuters: Trump’s ambitious Fannie, Freddie overhaul faces hurdles

Reuters: Factbox: Fannie, Freddie and the government: it’s complicated

Bill Maloni’s GSE Blog: Why wait on the Fifth Circuit? 

July 26 2019

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

Peter Chapman writes, “Washington Federal filed a redacted copy of its eight-month-old brief opposing the government’s motion to dismiss for public review today”

Wall Street Journal: CFPB Could Curb High-Debt Mortgages

Fox Business: Trump to nix Fannie, Freddie ‘patch,’ which allows indebted borrowers to get home financing

Reuters: U.S. regulators to end mortgage lending exemption for Fannie, Freddie in 2021

July 25 2019

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

Peter Chapman writes, “Judge Maloney entered an order this afternoon substituting Director Calabria for Acting Director Read More

June 28 2019

National Law Review: Inside The Beltway: Housing Reform In 2019?

GlobeSt: As Talk about GSEs’ Overhaul Swirls, Multifamily Makes a Good Case

June 27 2019

Yahoo! Finance: Barclays and Annaly Launch New Research Study, Government-Sponsored Enterprise (GSE) Reform: Unfinished Business

National Mortgage Professional: New Report Envisions Post-Conservatorship Housing Policy Landscape

Seeking Alpha: Barclays, Annaly weigh in on Frannie reform

June 26 2019

Wall Street Journal: Push to Overhaul Fannie, Freddie Nudges Up Mortgage Costs

American Action Forum: Should Fannie Mae and Freddie Mac be Designated as Systemically Important Financial Institutions?

National Mortgage News: Lawmakers spar over whether Fannie, Freddie are SIFIs

Bloomberg: Fannie, Fintech Face Congress With Wall Street Watching Closely

June 25 2019

Housing Wire: Wall Street insider Craig Phillips leaves Treasury without Fannie, Freddie reform

June 24 2019

DS News: The Week Ahead: Senate Sets Sights on Fannie, Freddie

Mortgage Professional America: Debate grows over Fannie and Freddie securities guarantee

Bill Maloni’s GSE Blog: GSEs, the POTUS, and some Iran stuff

June 21 2019

Seeking Alpha: Compass Point rates Fannie, Freddie neutral on reform uncertainty

June 20 2019

National Mortgage News: Where GSE reform could be headed and what it could mean for lenders

June 19 2019

Housing Wire: Moody’s: Increased competition for Fannie, Freddie would be a credit negative

Howard on Mortgage Finance: Assessing the FHFA Capital Rule

June 18 2019

Investors Unite: It Was a “Stick-up” Not a “Bailout”

Market Watch: Will Fannie and Freddie get a new sibling?

Bloomberg: Craig Phillips Leaves Treasury Before Fannie Report Is Finished

American Action Forum: Tracking the Housing Market

June 17 2019

Bill Maloni’s GSE Blog: Who’s leading this GSE dance?

Newsmax: Trump and Calabria Begin to Reform Fannie and Freddie

Bloomberg: A $4 Trillion Risk Tied to Freeing Fannie and Freddie Could Hurt U.S. Homebuyers Read More

May 31 2019

Wall Street Journal: Administration Nears Plan to Return Fannie, Freddie to Private Ownership

Fox Business: Trump administration in early stages of possible $100B offering of Fannie Mae, Freddie Mac: Exclusive

Seeking Alpha: Fannie, Freddie closer to private ownership

May 30 2019

Bloomberg: A $4 Trillion Plan Could Make or Break Dreams of U.S. Homebuyers

CNBC via ‘The Exchange’: What you need to know before getting into housing market

May 29 2019

Housing Wire: FHFA appoints new director of Legislative Affairs as Calabria hiring spree continues

Mortgage Professional America: Three new senior advisors join FHFA

May 28 2019

New filing in Angel vs. Fannie Mae, click here to view

Peter Chapman writes, “Judge Lamberth denied Mr. Angel’s request to reconsider dismissal of his lawsuit”

Think Realty: GSE Reform: Housing Finance Savior or Looming Disaster?

Housing Wire: Calabria: Fannie Mae may be privatized before Freddie Mac, or vice versa

Seeking Alpha: U.S. Housing Reform And The Future Of CRTs

May 24 2019

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

Peter Chapman writes, “Judge Lamberth signed off on the parties’ scheduling order directing:

— discovery to wrap up by July 15, 2019;

— class certification and other pre-trial briefing to conclude by Dec. 31, 2019; and

— a trial on the shareholders’ contract claims to begin on Nov. 19, 2020

Reuters: U.S. govt could stagger Fannie, Freddie privatization

American Banker: Give Fannie, Freddie the same capital standards as everybody else

American Banker: Should Fannie, Freddie be labeled ‘systemically important’?

Seeking Alpha: FHFA’s Calabria Says Common Will Continue To Trade

Bill Maloni’s GSE Blog: There still are GSE damage seekers; plus Don Layton stayed too long

May 23 2019

Chicago Agent Magazine: The view from D.C.

National Mortgage News: Will housing issues be a focus of 2020 Read More

April 30 2019

DS News: GSE Reform: Guarding the Market

DS News: FHFA’s Calabria and the Future of the Mortgage Market

April 29 2019

Seeking Alpha: Fannie And Freddie: October Named For Taking Capital Raise Steps

DS News: FHFA Checks in on Fannie Mae and Freddie Mac

Yahoo! Finance: Fannie Mae Announces Scheduled Release of First Quarter 2019 Financial Results

Bill Maloni’s GSE Blog: Color me GSE-confused, but that’s not new

April 25 2019

Wall Street Journal: Fannie and Freddie’s Uncertain Future, Explained

April 24 2019

Wall Street Journal: How Fannie and Freddie Prop Up America’s Favorite Mortgage (Video)

American Banker: Card issuers go social; Calabria vows to push for GSE overhaul

Deal Breaker: Oh, Look, Another Fannie-Freddie Plan That’s Sure To Go Nowhere

DS News: FHFA’s Calabria on “Meeting the Mileposts” for GSE Reform

April 23 2019

New filing in Fannie Mae, et al., click here to view

Peter Chapman writes, “Mr. Angel’s reply is due May 6. A copy of the order extending the deadline may be viewed above.”

Wall Street Journal: Trump-Appointed Official Promises Full Push to Overhaul Plumbing of Mortgage Market

The Real Deal: Going private: Fed housing finance chief details plan to end Fannie-Freddie oversight

American Enterprise Institute: Why the universal use of the 30-year mortgage is dangerous

April 19 2019

New filing in Bhatti vs FHFA, click here to view

Peter Chapman writes, “The Eighth Circuit did not schedule oral argument in Bhatti v. FHFA for May, and the Bhatti Plaintiffs sent the clerk a letter Friday asking that oral argument not be scheduled in June.”

New filing in Angel vs. Fannie Mae, et al., click here to view

April 18 2019

Seeking Alpha: Have We Seen The Last Frannie Net Worth Sweep?

DS News: Under Construction: Housing Finance Reform

The Heritage Foundation: Housing Read More

March 29 2019

Fox Business: Federal housing reform is headed in the right direction: Former Fannie Mae executive

Yahoo! Finance: Ben Carson: HUD will take ‘as much time as is necessary’ on housing finance reform

American Action Forum: A Busy Week for Housing Finance Reform

Housing Wire: Housing industry responds to Trump’s calls for housing finance reform

Scotsman Guide: Trump memo calls for additional GSE-reform plans

Seeking Alpha: It’s only the start for Frannie reform, analysts say

24/7 Wall St: Why Reform Efforts for Fannie Mae and Freddie Mac May Remain Elusive

RIS Media: GSE Reform: Trump Calls for Ceasing Conservatorship, Protecting Taxpayers

Mortgage News Daily: No Surprise: Ambitious Plan to “Fix” Entire Housing Market Met With Mixed Reaction

American Banker: GSE capital rule expected this summer: FHFA’s Otting

March 28 2019

Senate Banking Committee: Chairman’s Housing Reform Outline: Part 1

Senate Banking Committee: Chairman’s Housing Reform Outline: Part 2

White House Presidential Memorandum: Memorandum on Federal Housing Finance Reform

Fox Business: Fannie and Freddie reform could get snarled in White House infighting

Politico: Trump directs agencies to develop plans to overhaul housing finance

Bloomberg: Trump Steps in Fannie-Freddie Mess With a Fix Still a Ways Off

Reuters: Trump requests reform plans for Fannie Mae, Freddie Mac

Financial Times: Trump eschews unilateral action on Fannie and Freddie

Market Watch: Kudlow, who called Fannie, Freddie profit sweep a ‘scam,’ is at center of White House housing reform plans

American Banker: Trump directs Treasury, HUD to develop GSE reform plan

Scotsman Guide: Q&A: Small lender concerns with Crapo’s GSE reform plan

Mortgage Orb: Trump Directs Treasury, HUD to Enact Housing Finance Reform

 UPI: Trump calls for end of conservatorship of Fannie Mae, Freddie Mac

Market Watch: White House keeps option of going alone on Fannie Mae, Freddie Mac privatization

Housing Wire: Trump Read More