| Friday December 30th 2016 |
New filing in the Perry case, click here to view.
Peter Chapman writes, “Fairholme doesn’t agree with FHFA’s interpretation of the recent El Paso decision, and a copy of Mr. Cooper’s letter to the D.C. Circuit expressing that is (linked above).” |
| New filing in the Robinson case, click here to view. |
2nd filing in the Robinson case, click here to view.
Peter Chapman writes, “Three events occurred today in Ms. Robinson’s appeal pending in the Sixth Circuit:
(A) Gerard J. Sinzdak, Esq., entered his appearance (Doc. 17) as another DOJ lawyer representing Treasury;
(B) the Clerk made a notation (Doc. 18) on the docket saying the “Mediation Office is no longer involved in this appeal”; and
(C) Ms. Robinson filed an unopposed motion (Doc. 19) asking the Court to extend the deadline to file her opening brief to Feb. 10, 2017.
Copies of Docs. 17 and 19 are (linked above).” |
New filing in the Roberts case, click here to view.
Peter Chapman writes, “Judge Chang entered a Minute Order yesterday rescheduling the status hearing for 11:00 a.m. on Feb. 16, 2017.” |
| How Wall Street could cash in on President Trump – The Week |
| What We’re Hearing: 10 Mortgage Firms to Keep an Eye on in 2017 – and Why – Inside Mortgage Finance |
|
| Thursday December 29th 2016 |
New filing in the Fairholme case (Sammons Appeal), click here to view.
Peter Chapman writes, “The Federal Circuit entered an order today accepting Mr. Sammons’ Supplemental Reply Brief.” |
| Treasury Department Officials: Obama Supports ‘Explicit’ Guaranty on a ‘Defined Class’ of MBS – $FNMA $FMCC – Reddit |
| To Privatize (or Not) Fannie and Freddie, That is the Question – Inside Mortgage Finance |
| Fed buys $3.2 billion of mortgage bonds, sells none – Reuters |
| Fannie Mae Monthly Summary November 2016 – fanniemae.com |
| Will Trump Free Fannie And Freddie From Government Captivity? – Investor’s Business Daily |
|
| Wednesday December 28th 2016 |
New filing in the Perry case, click here to view.
Peter Chapman writes, “Howard Cayne at Arnold & Porter, representing FHFA, delivered a letter to the D.C. Circuit yesterday. Mr. Cayne advises the D.C. Circuit about a recent development in one of the cases cited by the Class Plaintiffs on page 6 of their Reply Brief (Doc. 1602880). The Class Plaintiffs told the D.C. Circuit in March 2016 that “[t]here is not a single Delaware case holding that shareholder claims based entirely on the breach of shareholder contracts are somehow derivative claims owned by the company, and any such conclusion defies common sense.” In partial support of that statement, the Class Plaintiffs shared that the Delaware Chancery Court recognized in In re El Paso that “breach of a certificate of designation ‘gives the investor a claim for breach of contract that the investor can assert directly.'” Mr. Cayne says the Delaware Supreme Court’s review of El Paso undermines that statement. The Class Plaintiffs are likely to respond shortly that that’s not exactly what Chief Justice Strine said in his concurring opinion in El Paso.” |
GSE ‘Recap’ Experiment Is Just a Sideshow – National Mortgage News
By Michael Bright. The article was originally published on 12/15 in American Banker. |
| No, the Future of Fannie and Freddie Is Not a ‘Sideshow’ – National Mortgage News |
| 24 Days Out – Seeking Alpha |
Why GSE Recapitalization Talk Is Premature – National Mortgage News
By David Stevens |
| The Insiders Already Cashing In on the Trump Presidency – The Fiscal Times |
| FHFA IG Notes Lack of Transparency in CSP Costs – Inside Mortgage Finance |
‘Tis the Season… – Rocky Top Politics
The GSEs are not mentioned. |
|
| Tuesday December 27th 2016 |
| Treasury Department Officials: Obama Supports ‘Explicit’ Guaranty on a ‘Defined Class’ of MBS – Inside Mortgage Finance |
| Here’s the U.S. Treasury’s plan to preserve access to mortgage credit – HousingWire |
DRAFT SPSPA Restructuring Model
A Draft Proposal by The New Paradigm Society
[email protected]
Posted with permission. |
| Wharton Prof. Reminds Us Of The Power Of Social Stereotypes – Fiderer on GSEs |
| Five Questions Facing the GSEs’ Common Securitization Platform – National Mortgage News |
Real estate industry favors Mnuchin’s GSE privatization proposals – Inman
Subscription required for full access. |
|
| Monday December 26th 2016 |
GSE Reform and a Conspiracy of Silence Part 2 – Scribd
By David Fiderer |
|
| Friday December 23rd 2016 |
| Housing Groups Turn to Trump to Recapitalize GSEs – National Mortgage News |
| Boost the Economy by Scrapping the GSEs – National Mortgage News |
Ethics questions loom over Trump HHS pick, Rep. Tom Price – MSNBC (video)
GSE discussion around 4:10 |
No Huge Changes in GSE Marching Orders for 2017, But Questions Raised About CSP Costs – Inside Mortgage Finance
Subscription required for full access. |
| We Can’t Risk Turning Off Housing Finance – WSJ |
|
| Thursday December 22nd 2016 |
| GSE Reform And A Conspiracy Of Silence – Fiderer on GSEs |
GSE Reform And A Conspiracy of Silence – Scribd
By David Fiderer |
| GSE Favorability Increases With Each Passing Day – Seeking Alpha by Glen Bradford |
| CBO Says Fannie and Freddie Should Raise G-Fees – Inside Mortgage Finance |
| Donald Trump’s budget director’s Fannie Mae and Freddie Mac bill would socialize risk and privatize profit – Salon |
| The Growth is Gone: Freddie Mac’s Portfolio Rate Drops – DS News |
Exclusive: Sen. Corker’s Height, Business Dealings Hurt His Secretary Of State Chances – The Daily Caller
See the embedded document for discussions on the GSEs, or click here for a direct link to the document. |
|
| Wednesday December 21st 2016 |
| Trump Names Carl Icahn as Adviser on Regulatory Overhaul – WSJ |
| The challenges of a Ginnie Mae-based approach to housing finance reform – HousingWire |
Agency Landing Teams – greatagain.gov
Scroll down to ‘Federal Housing Finance Agency’. |
| Allies Unite Under Truth: This Is Our Finest Hour – timhoward717.com |
| Senate to Treasury Secretary Mnuchin: Where do you stand on major housing issues? – HousingWire |
| Dem quizzes Mnuchin on foreclosures, ties to Fannie and Freddie – Washington Examiner |
| A Pathway to Shutting Down the Federal Housing Finance Enterprises – heritage.org |
| Freddie Mac Monthly Summary November 2016 – freddiemac.com |
| Freddie Mac Debuts First Seasoned Credit Risk Transfer Offering – marketwired.com |
| Fannie and Freddie Updates Including Duty to Serve, Risk Sharing, HARP, HAMP, ULDD, etc. – Mortgage News Daily |
| 06/14/2013 – Carl Icahn Joins Bill Ackman In Bet On Fannie And Freddie – Forbes |
|
| Tuesday December 20th 2016 |
| Making transparency great again in the Trump administration – The Hill |
| How to Get the Government Out of Mortgage Lending – Bloomberg |
| 5 Big Mortgage Market Predictions for 2017 – The Street |
| A Challenge to a Ginnie Mae-Based Approach to Housing Finance Reform – Bipartisan Policy Center |
|
| Monday December 19th 2016 |
New filing in the Voacolo case, click here to view.
Peter Chapman writes, “Judge Contreras entered an order this afternoon dismissing Mr. Voacolo’s lawsuit because, among other lapses, he didn’t respond to FHFA and Treasury’s motions to dismiss.” |
| 15 Facts About Fannie Mae and Freddie Mac – Fiderer on GSEs |
| A Bullish Sign for Fannie and Freddie? Rep. Mulvaney as Trump’s OMB Director? – Inside Mortgage Finance |
Trump’s tech summit was just the start of re-centering the economy – NY Post
A brief GSE mention. |
| Reps. Royce and Sewell Urge Alternative Credit Score Consideration by GSEs – Real Estate Rama |
| Trump’s Treasury Pick Moves in Secretive Hedge Fund Circles – NY Times |
|
| Sunday December 18th 2016 |
| GSE Critics Ignore Credit Market Data – Fiderer on GSEs |
| Saving Fannie and Freddie – michellecelarier.com |
| Shut Down Fannie Mae and Freddie Mac and Unleash the Free Market – danieljmitchell.wordpress.com |
|
| Saturday December 17th 2016 |
| Donald Trump’s Economic Team Continues To Align With His Billionaire Hedge Fund Advisor – The Huffington Post |
Fannie Mae: This privatization will not be easy! – finanztreff.de
The article is in German. You may need to translate to English to read. |
| Whitney Tilson Excited About Reunion With Elizabeth Warren And Fannie Mae Shares; Sticks To Macro Cash Bet – Valuewalk |
|
| Friday December 16th 2016 |
| Winding Down Fannie and Freddie Is Easier Than It Seems – WSJ |
| Willy William I$aac – The Truth About Fannie and Freddie |
| David Fiderer points out similarities from today’s WSJ article and an American Banker article from 2012 – Twitter |
| Trump Administration – Valuing The Potential Outcomes For Freddie Mac And Fannie Mae Common And Preferred Stock Investors – Seeking Alpha |
| How to fix housing: Peter Wallsion – CNBC Video |
| Paulson Advantage Said to Pare Loss With Fannie-Freddie Rally – Bloomberg |
Trump Picks Mick Mulvaney, South Carolina Congressman, as Budget Director – NY Times
Earlier this year Rep. Mick Mulvaney introduced The “Housing Finance Restructuring Act of 2016” which would end the Third Amendment Sweep and recapitalize the GSEs. Read about it here and here.
Rep. Mulvaney Questions FHFA Director Mel Watt – Youtube |
|
| Thursday December 15th 2016 |
| A New Political Reality for Housing Finance – The Huffington Post |
| Fannie-Freddie Regulator Said to Plan to Stay On Under Trump – Bloomberg |
| FHFA Releases 2017 Scorecard for Fannie Mae, Freddie Mac, and Common Securitization Solutions – fhfa.gov |
| Why Rising Mortgage Rates Won’t Hurt Home Prices – Asset Securitization Report (video) |
GSE ‘Recap’ Experiment Is Just a Sideshow – American Banker
By Michael Bright |
| Rep. Scott Garrett Meets With Trump Transition Team – WSJ |
FMT Advisory Fannie Mae: Special Situations – fmtadvisory.com
From November. |
|
| Wednesday December 14th 2016 |
GSE Reform Advocates Ignore Risk Diversification – Fiderer on GSEs
Reposting from yesterday. Good read. |
| Fannie Mae: Why I Sold The Preferred And Own The Common – Seeking Alpha |
| Risk Transfer Alone Is Not a Viable Solution for GSEs – American Banker |
| Fannie, Freddie replace HAMP with new foreclosure prevention program – HousingWire |
|
| Tuesday December 13th 2016 |
New filing in the Fairholme case, click here to view.
Peter Chapman writes, “The government proposes that Judge Sweeney set the deadline for it to provide an explanation about why it should not be required to pay Fairholme’s costs to bring the motion to compel at 21 days following after the Federal Circuit releases its decision.” |
2nd filing in the Fairholme case, click here to view.
Peter Chapman writes, “Judge Sweeney entered an order this afternoon granting the government’s request. The government’s explanation is due 21 days after the Federal Circuit rules on the pending mandamus petition.” |
3rd filing in the Fairholme case (Sammons Appeal), click here to view – bankrupt.com
Peter Chapman writes, “Mr. Sammons delivered an Informal Reply Brief to Fairholme’s Brief. Mr. Sammons shares a copy of a law review article asserting that the U.S. Court of Federal Claims is an unconstitutional Article I court and urging the Congress to require takings claims to be decided by Article III judges.
The Clerk has indicated on the docket sheet that the Federal Circuit elected to construe Mr. Sammons’ filing as a motion to supplement his Informal Reply Brief (Doc. 19) filed on Nov. 21, and that Fairholme and the government are free to respond to Mr. Sammons’ latest filing by Dec. 23.” |
New filing in the Collins case, click here to view.
Peter Chapman writes, “Judge Atlas has scheduled an Initial Conference at 2:00 p.m. on Mon., Jan. 30, in Houston, Tex., and a copy of a notice to that effect is (linked above).” |
| Make Fannie And Freddie Great Again – Seeking Alpha by Glen Bradford |
| Implementing The Let The GSEs Pay Us Back Act – Seeking Alpha by Wayne Olson |
| A small hedge fund that is killing it on the back of Trump’s win just won the backing of a big-name investor – Business Insider |
| Freddie Now Using CSP After Release 1 Given the Go Ahead – Inside Mortgage Finance |
| FHFA Issues Final Rule on Fannie Mae and Freddie Mac Duty to Serve Underserved Markets – fhfa.gov |
| FHFA makes it official: Fannie, Freddie required to open credit box to “underserved” – HousingWire |
| It’s Time for an Office of National Housing Policy – National Mortgage News |
| Why Trump’s administration could mean better days for marginal buyers – inman.com |
How to Wake the Private-Label Securities Market from Its Slumber – Urban Institute
By Jim Parrott |
| GSE Reform Advocates Ignore Risk Diversification – Fiderer on GSEs |
|
| Monday December 12th 2016 |
| A Welcome Reset – Howard on Mortgage Finance |
Steven Mnuchin Meets Fannie and Freddie – Institutional Investor
By Michelle Celarier |
The old “implicit-guarantee-of-GSEs-didn’t-work-so-make-the-government-guarantee-
private-mortgage-securitizations” routine – Fiderer on GSEs |
| Good Luck Privatizing the American Dream – BloombergView |
| ELI5 On what grounds do previous Fannie and Freddie Shareholders believe they are owed profits? – Reddit |
| NAFCU letter to Congress on NAFCU’s principles on housing finance reform – cuinsight.com |
| Credit Unions Weigh in on GSE Reform – The MReport |
| GSE Buybacks Spiked Upwards in 3Q16. The Reason: The Ghost of Countrywide – Inside Mortgage Finance |
| Fixing Fannie Mae and Freddie Mac: Will Trump Give Wall Street Another Gift? – Yahoo via The Fiscal Times |
Compass Point Weekly Update – Compass Point
See ‘Thoughts on the GSEs’ |
Rep. John Delaney on infrastructure – CNBC Video
GSE talk starts at 4:43. |
| Government Intervention in Housing Has Always Been Bad. Here’s Why Today Is No Different – The Daily Signal |
| Huge Value In Fannie Mae’s And Freddie Mac’s Common Stock – Seeking Alpha |
|
| Sunday December 11th 2016 |
| “If you don’t read the newspaper… – The Truth About Fannie and Freddie |
| How To Play FNMA Stock & FMCC Stock & Likely GSE Reform – BNL Finance |
| Federal National Mortgage Association Fannie Mae : Cutting Fannie-Freddie loose – 4-traders.com |
|
| Friday December 9th 2016 |
New filing in the Pagliara v. Freddie Mac case, click here to view.
Peter Chapman writes, “Without explanation, the Fourth Circuit extended the briefing schedule today so that:
(a) Jan. 17 is the deadline for Mr. Pagliara to file his Opening Brief and an Appendix;
(b) Feb. 21 is the deadline for Freddie Mac and FHFA to file their Responses; and
(c) Mar. 7 is the outside deadline for Mr. Pagliara to file a Reply.” |
| GSE Net Worth Sweep Attracts Questionable Judgment – Seeking Alpha by Glen Bradford |
| Timothy Howard comments on Rep Ed Royce’s GSE risk sharing bill – Howard on Mortgage Finance |
| New Bill Suggests GSE Reform is Forthcoming (FNMA) (FMCC) – Street Insider |
| Trump sold stocks, but what about his hedge fund millions? – CNN Money |
Bill Ackman Comments on Fannie Mae and Freddie Mac – gurufocus.com
These are the same words from Pershing Square’s third quarter investor letter. |
Daily Pain – Macro And Commodity Thoughts – Seeking Alpha
Some GSE talk in the article and in the comments. |
| What We’re Hearing: Time to Merge HUD and the FHFA? / Short Covering Behind GSE Stock Spike? / The Quandary Over GSE CRT Deals / 387 Days Before Fannie and Freddie Run Out of Capital… – Inside Mortgage Finance |
| House bill would force more GSE risk transfers – Scotsman Guide |
| Timothy Howard comments on the recent Moody’s report – Howard on Mortgage Finance |
| Raise Fannie Mae’s and Freddie Mac’s Guarantee Fees and Decrease Their Eligible Loan Limits – cbo.gov |
| The Corruption of Bob Corker – Part 3 – Rocky Top Politics |
|
| Thursday December 8th 2016 |
New filing in the Fairholme case (Sammons Appeal), click here to view.
Peter Chapman writes, “Fairholme responded to Mr. Sammon’s appeal earlier this week, the Clerk released a copy of Fairholme’s brief this morning. Fairholme makes it clear that it does not challenge (and has no intention of challenging) the U.S. Court of Federal Claims’ jurisdiction to consider its takings claim and urges the Federal Ciruit to affirm Judge Sweeney’s order denying Mr. Sammons’ motion to intervene.” |
2nd filing in the Fairholme case (Sammons Appeal), click here to view.
From 11/21/2016 – Appellant’s Informal Reply Brief |
| FHFA Announces Successful Implementation of Release 1 of the Common Securitization Platform – fhfa.gov |
| Freddie Mac Implements Common Securitization Platform for Single-Family Mortgage-Backed Securities – MarketWatch |
| Freddie Mac Takes a Giant Step Toward a Single Security – The MReport |
| Obama’s Bank Chiefs Face Fight With Trump Over Refusal to Leave Early – The Street |
| Short Takes: Putting Fannie and Freddie in Receivership? / Cashing Out of Gains on GSE Common. Anyone?… – Inside Mortgage Finance |
| How Donald Trump Is Helping Fairholme’s Bruce Berkowitz Survive The Death Of Sears – Forbes |
| Mnuchin and Bove Tell FBN that the Fed Should End Fannie, Freddie Conservatorship ASAP – Valuewalk |
| Moody’s: Privatizing Fannie Mae, Freddie Mac would cost “hundreds of billions” – HousingWire |
| Congress to consider bill requiring Fannie Mae, Freddie Mac to offload more risk – HousingWire |
|
| Wednesday December 7th 2016 |
New filing in the Fairholme case, click here to view.
Peter Chapman writes, “Fairholme filed its reply this afternoon urging the Federal Circuit to dismiss the government’s appeal from Judge Sweeney’s Sept. 20 discovery order and dispose of this appeal at the same time it rules on the government’s mandamus petition.” |
| New filing in the Collins case, click here to view. |
2nd filing in the Collins case, click here to view.
Peter Chapman writes, “FHFA filed its Financial Disclosure Statement yesterday, and Mr. Cayne, FHFA’s lawyer at Arnold & Porter, filed his motion to appear in Texas pro hac vice.” |
Housing and the Trump administration – CNBC Video
Featuring Tim Rood |
| The Golden Share: A Simple Solution To The Fannie And Freddie Situation Is Possible, But Not Easy – Seeking Alpha by Wayne Olson |
| Inside Word from @realDonaldTrump Economic Team Meeting – collingwoodllc.com |
| What’s Ahead for Fannie Mae & Freddie Mac Under Mnuchin? – zacks.com |
| GSE Investing For Dummies – Seeking Alpha |
| Your Place to Call Home: Who are Fannie and Freddie and why should I care? – stltoday.com |
| Fannie Joins Freddie in Delisting Debt from Irish Stock Exchange – National Mortgage News |
Pershing Square Third Quarter Investor Letter – Pershing Square
GSEs are on page 9. |
|
| Tuesday December 6th 2016 |
| Mechanics Of Decoupling GSEs From Net Worth Sweep – Seeking Alpha by Glen Bradford |
| Two Ways To Value The Freddie Mac Preferreds – Seeking Alpha |
| Privatizing Fannie And Freddie? Tread Carefully – Seeking Alpha |
| Taxpayers Have Now Made A $63 Billion Profit From Fannie Mae, Freddie Mac Bailouts – Benzinga |
Taking the Government out of Housing Finance: Principles for Reforming the Housing Finance Market – AEI
This was re-released today, although as @Ny1david notes, it was previously released in March 2011. |
| Gretchen Morgenson of the NY Times wrote a column… – Medium |
| Understanding Fannie Mae-Treasury Relationship Crucial – GuruFocus |
| A key Trump donor could make a ton of money from Trump’s housing policy – Vox |
| MBA’s Stevens: Don’t overreact to Trump official – Scotsman Guide |
| Housing reform is the third rail of US politics – GlobalCapital |
| Fannie and Freddie – Kicked Out of Their Parents’ Basement? – Nasdaq |
|
| Monday December 5th 2016 |
New filing in the Piszel case, click here to view.
Peter Chapman writes, “The Federal Circuit granted the government’s request for a 40-day extension this morning.” |
| New filing in the Collins case, click here to view. |
2nd filing in the Collins case, click here to view.
Peter Chapman writes, “Judge Atlas welcomed Ms. Varma and Mr. Katerberg from Arnold & Porter to her court this afternoon, and copies of her orders approving their motions to appear pro hac vice are (linked above).” |
| The $187 Billion Fannie-Freddie Bailout Is a Big Half-Lie – Fiderer on GSEs |
| Dick Bove: Mortgage market is a nationalized industry, not capitalism – Fox Business Video |
| Tim Rood on Fox Business News – Youtube |
| Fannie And Freddie: The Next Crisis Is Coming – Talk Markets |
| KBW bears not buying surge in Fannie Mae, Freddie Mac – Seeking Alpha |
| Fannie Mae And Freddie Mac: Everything You Need To Know – Benzinga |
| Lawrance Evans: Fannie Mae, Freddie Mac still in conservatorship – Federal News Radio (podcast) |
| Short Takes: What Goes Up, Must Come Down (GSE Share Prices)… – Inside Mortgage Finance |
| Berkowitz: Trump Treasury May Mean Independence for Fannie and Freddie – Valuewalk |
| Why Fannie Mae and Freddie Mac Are Down 10% Today – The Motley Fool |
Prescription for a Responsible and Efficient Government – bencarson.com
Dr. Ben Carson discusses the GSEs on page 3. |
| MBA CEO: GSE reform won’t make Trump’s shortlist – HousingWire |
|
| Sunday December 4th 2016 |
| Keefe Bruyette & Woods – The Truth about Fannie and Freddie |
| Fannie Mae, Freddie Mac overdue for credit scoring update – The Columbus Dispatch |
| Don’t Hold Your Breath on Fannie Mae and Freddie Mac – WSJ |
| Freddie Mac steps in to help nonprofit investors preserve affordable housing – Star Tribune |
| The Technicians Playbook: Fannie Mae And Freddie Mac Just Broke Out Of A Pattern 4 Years In The Making – Benzinga |
| Poor Gretchen on Fannie and Freddie – Calculated Risk Blog |
|
| Saturday December 3rd 2016 |
New filing in the Piszel case, click here to view.
Peter Chapman writes, “David A. Harrington, representing the government, asks the Federal Circuit to extend the deadline to file a response to Mr. Piszel’s en banc rehearing request to Jan. 15, 2017.” |
Should Fannie and Freddie go private? – Youtube
Featuring Dick Bove and Charlie Gasparino |
Peter Schiff Podcast – QE4 Is Going To Be Huge – Youtube
8:00 Mnuchin discussion begins
12:06 GSE discussion begins
16:42 GSE discussion ends |
| $FNMA & $FMCC – Best Execution Strategy & a Crash Course in Capital Structure – Reddit |
| Donald Trump Treasury Pick Wants the US to Sell Federal National (FNMA)/Federal Home (FMCC) Stakes – The Country Caller |
|
| Friday December 2nd 2016 |
New filing in the Fairholme case, click here to view.
Peter Chapman writes, “The government responded to Fairholme’s motion to dismiss its appeal yesterday evening. The government asks the court to focus its attention on the mandamus petition rather than the traditional appeal. The government suggests that briefing in the appeal be stayed pending a decision in the mandamus proceeding because if the government prevails in the mandamus action, the government’s appeal would be rendered moot.” |
New filing in the Robinson case, click here to view.
Peter Chapman writes, “Ms. Robinson filed her Corporate Disclosure Statement (Doc. 15) yesterday confirming that she’s not affiliated with any public corporation.” |
2nd filing in the Robinson case, click here to view.
Peter Chapman writes, “The Sixth Circuit sent the lawyers a letter (Doc. 16) today directing:
— Ms. Robinson to file her principal brief by Jan. 11;
— FHFA and Treasury to file their principal briefs by Feb. 10;
— Ms. Robinson to file her reply brief by about Feb. 24;” |
New filing in the Collins case, click here to view.
Peter Chapman writes, “Judge Atlas entered an order this afternoon extending the time for FHFA and Treasury to file their motions to dismiss until Jan. 9, 2017, and allowing the parties to submit up to 200 pages of briefing.” |
Trump Treasury May Mean Independence for Fannie and Freddie – NY Times
By Gretchen Morgenson |
Settling the Fannie Freddie Fiasco: Steven Mnuchin Reverse the Obama Administration Scorched Earth Litigation Strategy If They Hope to Privatize Fannie and Freddie – Forbes
By Richard Epstein |
| Fannie/Freddie investor deal sooner rather than later – Dick Bove – Seeking Alpha |
| My Advice To Treasury Secretary Nominee Stephen T. Mnuchin On Fannie & Freddie – Seeking Alpha by Wayne Olson |
| Berkowitz’s Fund Soars in November Thanks to Steve Mnuchin – Bloomberg |
| Mortgage Finance and Taxing Wealth – Bloomberg |
| Why Fannie Mae And Freddie Mac’s Common Shares Are Lottery Ticket Trades – Benzinga |
| How To Play FNMA Stock & FMCC Stock & Potential GSE Government Separation – BNL Finance |
| Treasury’s agenda for Steven Mnuchin is already set – The Hill |
| Fannie-Freddie Debate Revived by Mnuchin Comments on Trump Plans – Bloomberg |
| Mnuchin Wants Fannie (FNMA)/Freddie (FMCC) Out of Government Hands, But Stocks Grossly Overvalued – Keefe, Bruyette & Woods – Street Insider |
| Bill Ackman has made close to $400 million on Fannie and Freddie – Yahoo |
| Washington Post Forced To Correct Hensarling About Face – timhoward717.com |
| Can a Former MBS Trader Successfully Privatize the GSEs? And What About the Government Guaranty? – Inside Mortgage Finance |
| What We’re Hearing: Will the GSE-Investing PE Firms Get Greedy?… – Inside Mortgage Finance |
| MBA’s Stevens Praises Trump’s GSE Reform Focus – National Mortgage Professional |
| More Bad News On Taxes – The Market Mogul |
| New Fannie Mae CAS Deal in the Works – DS News |
|
| Thursday December 1st 2016 |
New filings in the Robinson case.
Appearance of Counsel
Civil Appeal Statement of Parties and Issues
Appearance of Counsel
Appearance of Counsel
Appearance of Counsel
Appearance of Counsel
Appearance of Counsel
Appearance of Counsel
Peter Chapman writes, “The lawyers at Cooper & Kirk and Taft, Stettinius & Hollister, representing Ms. Robinson, and the lawyers at Arnold & Porter, representing FHFA, entered their appearances in the Sixth Circuit this past week, and copies of their notices (Docs. 6 and 9 through 14) to that effect are (linked above).
Mr. Cooper also delivered a Civil Appeal Statement (Doc. 7) to the Sixth Circuit this past week indicating that the question before the court is whether Chief Judge Reade erred when she granted FHFA and Treasury’s motions to dismiss, and a copy of that Statement is (linked above).” |
New filing in the Collins case, click here to view.
Peter Chapman writes, “FHFA and Treasury filed an unopposed motion (Doc. 13) today asking Judge Atlas to extend the deadline for them to file their motions to dismiss to Jan. 9, 2017, and for permission to file oversized briefs.” |
| 2nd filing in the Collins case, click here to view. |
3rd filing in the Collins case, click here to view.
Peter Chapman writes, “Two of FHFA’s lawyers at Arnold & Porter filed motions (Docs. 14 and 15) today asking Judge Atlas for permission to appear pro hac vice.” |
| Ding-Dong The Net Worth Sweep Isn’t Dead, Yet – Seeking Alpha by Glen Bradford |
| The morning after for Fannie and Freddie – Cowen puts GSE reform odds at 65% – Seeking Alpha |
| Trump Treasury Secretary Vows to Save @FannieMae, @FreddieMac – collingwoodllc |
| Trump’s Treasury Pick Says U.S. Should Get Out of Freddie Mac and Fannie Mae – Fortune |
| Trump’s treasury pick gives hedgies 12B reasons to smile – NY Post |
Fannie Mae, Freddie Mac should be privatized, treasury secretary nominee says – Washington Post
The article includes this Correction: “An earlier version of this story incorrectly stated that Rep. Jeb Hensarling wanted to eliminate Fannie and Freddie. Hensarling wants to get rid of their government charters but not eliminate them as companies.” |
| How Will Mortgage Insurers Benefit from GSE Privatization – TalkMarkets |
| Treasury Secretary Steve Mnuchin Rocks The World: Declares Fannie and Freddie Will Be Freed! – timhoward717.com |
| GSE Privatization Would Mean More Competition Between Fannie and Freddie – National Mortgage News |
| How Sallie Mae Went Private, And How Fannie Mae And Freddie Mac Could Do The Same – Benzinga |
Fannie and Freddie’s fate depends on whether Trump goes with John or Jeb – Yahoo
By Bethany McLean |
| GSE Common Once Deemed Worthless, Now Has a ‘Market Cap’ of $43.15 Billion – Inside Mortgage Finance |
| Short Takes: Mnuchin Turned Down Fannie CEO Job… – Inside Mortgage Finance |
Could a rollback of regulations be a boon for small business? – Fox Business Video
Start at 07:22. Rep. Darrell Issa states, “We have to stop doing many things, including using them as piggy banks.” |
| [Video] The many challenges facing Trump on promised GSE reform – HousingWire |
| Why Preferred Shares May Be Preferable For Fannie Mae And Freddie Mac Investors – Benzinga |
| 2017: An Opportunity to Coordinate America’s Housing Policy – usmi.org |
| What Will It Take to Privatize Fannie Mae and Freddie Mac? – National Mortgage News |
| Fannie Mae Prices Latest Connecticut Avenue Securities Risk Sharing Deal – fanniemae.com |
Brown ‘Open to Figuring Out’ GSE Reform – American Banker
Subscription required for access |
Treasury Nominee Mnuchin Promising on Volcker Rule and Fannie and Freddie – cei.org
“Mnuchin is also correct that Fannie Mae and Freddie Mac have been in the government-run conservatorship for too long and should be released into the private sector. Yet this release must be done in a way that both respects Fannie and Freddie shareholder rights and gets rid of any explicit or implicit government backing of the two entities.” |
| Reported net worth vs adjustment for non cash expense and subsequent ’13 gains from @fhfa accounting manipulation via @aspit – Twitter |
| Japanese homebuilder, Sidwell Friends buying Fannie Mae headquarters – The Washington Post |
A Fannie Mae and Freddie Mac Background Check – WSJ
By Peter J. Wallison |
Part Two: The Corruption of Bob Corker – Rocky Top Politics
The GSEs are mentioned. |