| Tuesday May 31st 2016 |
New filing in the Fairholme case, click here to view.
Peter Chapman writes, “Rather than filing the Joint Status Report Judge Sweeney asked to be filed Friday, Fairholme and the government ask Judge Sweeney for permission to file that Report late and simultaneously tell her that they believe she should release her Order (Doc. 326) dated May 20, 2016, from seal.” |
| Mounting Trail Of Evidence Proves Fanniegate Community Is Probably More Right Than Wrong – Seeking Alpha by Glen Bradford |
| Are Banks Eliminating Fannie Mae & Freddie Mac Holdings? – Valuewalk |
| Republicans set to unveil plan to replace Dodd-Frank – HousingWire |
Letter To Mel Watt On Fannie Mae & Freddie Mac’s Capital Buffers – Valuewalk
@JoshRosner tweeted out the same letter. |
The Administration Constitution in Exile – wmlawreview.org
The Third Amendment is discussed on page 960. |
| What is Driving the GSE Default Rate Down? – DS News |
| Recap of R Street’s May 26 GSE reform conference – rstreet.org |
| GSEs Remain in Full Gear – Scotsman Guide |
| The Obama Administration’s Disrespect For The Rule Of Law Hits A New Low – Forbes |
| Corker: Fed probe won’t hurt me with Trump – Politico |
| Tim Howard discusses Fannie Mae’s revenue streams – Howard on Mortgage Finance |
|
| Monday May 30th 2016 |
| Judge Seeks More on GSE Profit Sweep – DS News |
| Now Below 2016 Cap, Fannie Mae Portfolio Shrinks Further – DS News |
| 08/14/2012 – Do Vets Benefit When Fannie Mae And Freddie Mac Profit? – Veterans United Network |
|
| Saturday May 28th 2016 |
| Are the Clintons the real housing crash villains? – CNBC |
| Buyer beware: New state law allows riskier investment options for local governments – The Morning Call |
Bruce Berkowitz’s Noteworthy Q1 Moves in Financial Stocks – Insider Monkey
The article does not mention a change in the positions of the GSEs. |
| The Unsealed Story behind the 2008 GSEs Conservatorship – th717.wordpress.com |
|
| Friday May 27th 2016 |
| Forensic Accounting Confirmed By Discovery – Seeking Alpha by Glen Bradford |
| Sweeney’s Latest Orders Pull the Curtain Back Even More on Sweep – Investors Unite |
| GSE Preferred Shareholders Rejoice in Release of New Court Documents. A White House Cover Up? – Inside Mortgage Finance |
| Douglas Holtz-Eakin’s Whoppers About Derivatives, The Crisis And The FCIC – Fiderer on GSEs |
| Goldman Sachs subsidiary just bought more non-performing loans from Fannie Mae – HousingWire |
| Why Banks Are Dumping Fannie, Freddie Debt – National Mortgage News |
| Judge Steele comments on the MDL Hearing – timhoward717.com |
| Edward J. Pinto: It’s Time to Put the Market Back in Housing Finance – Urban Institute |
Opinion Journal: Will Fannie Mae Ever Die? – WSJ Video
The host and guest are highly misinformed. |
| Freddie Mac Exceeds Portfolio Reduction Goal – DS News |
What We’re Hearing: …The BofA-NACA-Pinto Project, A Status Report… – Inside Mortgage Finance
Scroll down to the Bank of America/Ed Pinto paragraph. |
Fairholme case filings:
05/13/2016 – Document 323
05/13/2016 – Document 324
Judge Sweeney entered an order on Fri., May 13, approving the agreement between Ms. Robinson and the government. Because the government consented to unsealing the documents Ms. Robinson wanted, she withdrew her Motion (Doc. 321) on Thurs., May 19.
05/20/2016 – Document 325
Judge Sweeney entered an Order directing the government to provide her with unredacted printed copies of the documents Fairholme asked her to compel the government to produce six months ago. A copy of that Order, entered on Fri., May 20.
For our reference, Fairholme’s Motion to Compel (Doc. 270) was filed on Nov. 23, 2015, and a redacted copy of that Motion (Doc. 272) was docketed on Dec. 7, 2015. The government opposed (Doc. 284) Fairholme’s request on Jan. 21, 2016, and a recated copy of that objection (Doc. 301) was docketed on Feb. 19, 2016.
05/20/2016 – Document 326 (Filed Under Seal)
Under seal, Judge Sweeney issued her Order (Doc. 326) determining whether the Protective Order was violated on Fri., May 20. Judge Sweeney has asked the parties to submit a joint status report today advising her if the order should remain sealed.
05/25/2016 – Document 327
In the Motion, the government asks Judge Sweeney to clarify her May 20 Order (Doc. 325). Specifically, the government wants to know if the Affidavits previously submitted by Christopher H. Dickerson (Doc. 301 at A58-A67) and David R. Pearl (Doc. 301 at A68-A86) are sufficient for her to determine if the deliberative process privilege applies to various documents Fairholme wants. If Judge Sweeney wants more, the government asks for more time to supply additional affidavits.
05/25/2016 – Document 328
In the Order, Judge Sweeney tells the government (i) she wants copies of all unredacted Fairholme wants today; (ii) additional affidavits about the deliberative process privilege are probably unnecessary; and (iii) additional affidavits are necessary if the government is continuing to invoke the presidential communications privilege. |
Perry case filings:
05/25/2016 – Document 1615013
Following the government’s agreement in Fairholme v. U.S. to unseal various documents at Ms. Robinson’s behest, Perry and Fairholme delivered copies of 15 of those documents to the D.C. Circuit together with a request to take judicial notice of those items. |
Robinson v. FHFA case filings:
05/23/2016 – Document 47
05/25/2016 – Document 48
Following the government’s agreement in Fairholme v. U.S. to unseal various documents at Ms. Robinson’s behest, Ms. Robinson and the government asked the U.S. District Court for the Eastern District of Kentucky to unseal Ms. Robinson’s Amended Complaint (Doc. 15) and her Consolidated Reply (Doc. 30) to FHFA and Treasury’s Motions to Dismiss.
12/23/2015 – Document 15
An unsealed copy of Ms. Robinson’s Amended Complaint.
02/11/2016 – Document 30
A copy of Ms. Robinson’s Consolidated Response. |
Judicial Panel on Multidistrict Litigation case filings:
05/25/2016 – Document 36
Ms. Robinson advised the MDL Panel this week that her Amended Complaint in Robinson v. FHFA is no longer under seal and may be freely referenced in open court. |
Piszel case filings:
05/11/2016 – Document 61
A copy of the National Black Chamber of Commerce’s Supplemental Brief filed in the Federal Circuit on Wed., May 11. |
|
| Thursday May 26th 2016 |
| New filing in the JPMDL, click here to view. |
| New Developments, Unanswered Questions, Secrecy, Discovery, The Appeal, And Fannie And Freddie: Part I – Seeking Alpha by Wayne Olson |
| Congress Risks Letting Big Banks Control Housing Finance – American Banker |
| Wells Fargo launches 3% down payment mortgage – CNBC |
| Fannie Mae 8k Filing – Change in Directors or Principal Officers – Yahoo |
| Fannie Mae Monthly Summary April 2016 – fanniemae.com |
| BRIEF-Fannie Mae says gross mortgage portfolio down 15.4 pct in April – Reuters |
| U.S. Fed buys $8.2 billion of mortgage bonds, sells none – Reuters |
| ‘The Big Short’ Is No Tall Tale – Retirement Income Journal |
| Fannie Mae Sells More Delinquent Loans to Non-Profit – DS News |
|
| Wednesday May 25th 2016 |
| Dick Bove: “The Wall Street Journal has functioned as the government’s un-official spokesperson” On GSE Reform – Valuewalk |
| The Spark: Whitney Tilson on Fannie Mae & Freddie Mac – CNBC |
| Unsealed Documents Reveal Former White House Officials Violated Fannie/Freddie Conservatorship Rules, Apparently to Advance Bank-Enriching “Reforms” – Naked Capitalism |
| FHFA’s Administrative Reform of Fannie Mae, Freddie Mac, and the Housing Finance System – fas.org |
| ‘Confidential’ Memo in the Hedge Fund Battle for Freddie and Fannie Comes Out of Hiding – Wall Street on Parade |
| Treasury Department Making Sure Fannie, Freddie Can’t Live Without It – dealbreaker.com |
| Fairholme: Status Quo Makes Another Bailout ‘Inevitable’ – DS News |
| CfA Statement on the FBI and SEC Investigation of Sen. Bob Corker – Campaign for Accountability |
| New filing in the Fairholme case, click here to view – Dropbox |
|
| Tuesday May 24th 2016 |
NY Times Uncovers Fannie Freddie White House Scandal – The National Real Estate Post (video)
A must watch video. |
New unsealed court documents – Fannie & Freddie Secrets
Click the Heading ‘Unsealed Documents – May 11, 2016’ |
Former White House Officials Involved in GSE Scandal – Scribd
By Joshua Rosner |
Former White House Officials Involved in GSE Scandal – ritholtz.com
Same article as above. |
Must Government Remain a Backstop for Fannie and Freddie? – Wharton Univ. of Penn.
Same article from Valuewalk. |
| Will Fannie and Freddie Need Another Bailout? – WSJ |
| Fannie, Freddie and an Outbreak of Amnesia – WSJ |
| Tim Howard opines on the new Urban Institute GSE Reform paper by Barry Zigas – Howard on Mortgage Finance |
| U.S. Probes Real-Estate Firm With Ties to Sen. Bob Corker – WSJ |
|
| Monday May 23rd 2016 |
| Administration Takes GSE Profits Like Candy From A Baby – Seeking Alpha by Glen Bradford |
Investors Unite Launches FannieFreddieSecrets.org, Unveils Paper on Government Secrecy – Investors Unite
Same article from Valuewalk. |
| Dick Bove: More Documents Revealed Concerning Fannie Mae “The game has clearly changed here” – Valuewalk |
| Unsealed Docs Prove Obama Administration “Fellow Travelers” With KKK Of Housing Finance – timhoward717.com |
| Bailout Fights and Blockchain Ideas – Bloomberg |
| New York Times – Fannie, Freddie and the Secrets of a Bailout With No Exit – Reddit |
| Barry Zigas: Achieving Access and Affordability in Mortgage Finance – Urban Institute |
| Single GSE Security, CSP Still on Target for 2-Stage Launch; The Cost Thus Far: $270 Million – Inside Mortgage Finance |
| Recent Revelations Completely Blow The Government’s Case Out Of The Water – Seeking Alpha |
| Fannie Mae – Reddit |
| Investors: U.S. Hid Details of Fannie, Freddie Profit Sweep – Morning Consult |
|
| Sunday May 22nd 2016 |
The Favoritism Underlying Fannie & Freddie’s Conservatorship – Real Clear Markets
By Michael Krimminger |
| Tim Howard comments on the recently released documents – Howard on Mortgage Finance |
| Are Fannie Mae and Freddie Mac TARP by Another Name? – The American Prospect |
| 05/03/2016 – Derivatives Losses Are Mushrooming at Freddie Mac; Now It’s the Taxpayers’ Problem – Wall Street on Parade |
|
| Saturday May 21st 2016 |
| Unsealed Court Documents Reflect Upon The Government’s Plans for “GSE Reform” – Fiderer on GSEs |
| Larry Kudlow Show – Fannie Mae (FNMA) and Freddie Mac (FMCC) discussion recording – Dropbox |
|
| Friday May 20th 2016 |
Fannie, Freddie and the Secrets of a Bailout With No Exit – NY Times
By Gretchen Morgenson |
| Fannie Mae and Freddie Mac Unsealed – NY Times |
| NYT: How GSEs are held captive – Seeking Alpha |
| Bruce Berkowitz – De-Designation of Additional GSE Documents – Valuewalk |
| New York Times: Fannie Mae and Freddie Mac being “held captive” – HousingWire |
| The New York Times Publishes Scathing Article on Treasury’s and the White House’s Secret Scheme with the GSE Profit Sweep – CapWealth Investors |
| Behind the Veil of the Government’s Plan to Wind Down Fannie and Freddie – WSJ |
Reforming Fannie & Freddie: What can Congress do now? – rstreet.org
Occurs 05/26/2016 @ 12:00 pm – 1:30 pm. Features Rep. Mick Mulvaney, Jim Parrott, and others. |
| The U.S. Government Is Quietly Paying Billions to Wall Street Banks – Wall Street on Parade |
| How Clinton Would Reform the Housing Finance System – American Banker |
| What Would Housing Finance Reform Look Like Under Clinton? – DS News |
| Conservative Groups (Surprisingly) Join the Fannie/Freddie Recap Bandwagon – Inside Mortgage Finance |
| GSE stocks are the most active OTCQB stocks – Twitter |
What We’re Hearing: … Where Would the GSEs Be Without Their Legal Recoveries? – Inside Mortgage Finance
Scroll down to ‘GSE “shareholder rights” group Investors Unite…’ |
| Mike Heid Elected to Fannie Mae Board of Directors – DS News |
09/29/2010 – Big banks say: We’ll replace Fannie Mae – philly.com
“The US Government should split up ailing housing-finance giants Fannie Mae’s and Freddie Mac and turn over their work to several lender-financed Mortgage Securities Insurance Companies set up by groups of banks – while still guaranteeing home-loan bonds, says Michael Heid,” |
| Larry Kudlow will discuss Gretchen Morgenson’s article Saturday on his radio show. The show is 10 am EDT – 1 pm EDT. Larry tweets it will be towards the end of the show. |
| New filing in the Fairholme case, click here to view via @SleipnirPerkins – Twitter |
|
| Thursday May 19th 2016 |
New Website: Fannie & Freddie Secrets, a Project by Investors Unite
http://fanniefreddiesecrets.org/ |
The Government’s Seizure of Private Property Behind a Veil of Secrecy – Investors Unite
By Saikrishna Bangalore Prakash, from Monday. |
| Is the Government Being Secretive With Profit Sweep Documents? – DS News |
| If You Go Long Fannie and Freddie, You’ll Lose – Sure Money Investor |
| The Cumulative Impact Of New Rules On U.S. Monetary Policy, Macroprudential Regulation – Valuewalk |
Conservative Groups Surprisingly Join the Bandwagon Calling for Recapitalizing Fannie Mae and Freddie Mac – Inside Mortgage Finance
Subscription required for access. |
Is it really necessary to buy title insurance? – NorthJersey.com
The GSEs are discussed in the second question. |
| 2nd Circuit’s repose opinion vindicates banks’ billion-dollar MBS settlements – Reuters |
|
| Wednesday May 18th 2016 |
| There’s no consensus on GSE reform, but there is this – HousingWire |
| Is ‘Zero Capital’ for the GSEs Really a Non-Issue? – Inside Mortgage Finance |
Investors Unite to Hold Briefing on New Paper by UVA Professor on Misuse of Executive Privilege in Fannie, Freddie Case – Investors Unite
Occurs Thursday at 10:30 am EDT. The teleconference features law professor Saikrishna Prakash. Mr Prakash wrote an article in the National Review on March 4th titled ‘Let the Sunshine of Disclosure Disinfect Fannie Mae Litigation‘. |
| The Fannie Mae(fnma)/Freddie Mac(fmcc) 3rd Amendment Judge Lamberth Appeal – Reddit |
Hedge fund titans lament: Central banks stole our mojo! – politico.eu
A brief mention of the GSEs. |
| Realtors attend Washington expo – The Post Star |
| Puerto Rico’s debt, Fannie Mae’s stock, and public-policy profiteering – Washington Examiner |
Getting From Here to There – Howard on Mortgage Finance
Reposting from 5/2. Tim Howard answers a multitude of questions in the comments section. |
|
| Tuesday May 17th 2016 |
| The Latest Fannie and Freddie Reform Bill Offers A Bonanza For Hedge Funds – WSJ |
Investors Unite to Hold Briefing on New Paper by UVA Professor on Misuse of Executive Privilege in Fannie, Freddie Case – Investors Unite
Same article from PR Newswire. |
| MBA’s Stevens calls for faster GSE reforms – Scotsman Guide |
| Congressional Action on GSEs Unlikely Despite Fannie, Freddie Slump – Morning Consult |
| Russia Follows Fannie and Freddie With ‘Risk-Free’ Mortgage Bond – Bloomberg |
Ruane, Cunniff & Goldfarb Sells Some Valeant Shares — Market Talk – commodity-market-news.com
“The investment firm also bought new stakes in Chipotle (CMG), Fannie Mae (FNMA) and Freddie Mac (FMCC) during the period, according to the filing.” |
| GSE Executives Suggest It May be Time to Hike Servicing Compensation – Inside Mortgage Finance |
|
| Monday May 16th 2016 |
| Fannie And Freddie, AAR V. USDOJ, Alexander Hamilton, And The Appeal Of Judge Lamberth’s Decision – Seeking Alpha by Wayne Olson |
| Stevens: MBA will Continue Fighting the Good Fight – Mortgage News Daily |
|
| Sunday May 15th 2016 |
| Are Hedge Funds “Corrupt” When They Pay Lobbyists To Push A Pro-GSE Agenda? – Fiderer on GSEs |
|
| Saturday May 14th 2016 |
| The GSEs – Just Say No to Duty to Serve = DTS – mhmarketingsalesmanagement.com |
| Fannie Mae trying to rule in more borderline borrowers – OC Register |
| Should The Federal Government Forgive Mortgage Debt? – NuWire Investor |
|
| Friday May 13th 2016 |
| The Vultures’ Vultures: How A New Hedge-Fund Strategy Is Corrupting Washington – Huffington Post |
| Hedge-Fund Assaults and GSE Battles – Bloomberg |
| Lobby firm tied into Barney Frank, Nancy Pelosi, uses lefty groups to help Fannie-invested hedge funds – Washington Examiner |
| Downtown DC’s Next Big Thing is Officially a Thing – bisnow.com |
| What We’re Hearing: ‘Deferred Tax Assets’ at the GSEs Top $55B But … / Time to Wipe Out Some GSE Shareholders?… – Inside Mortgage Finance |
| Freddie Mac posts second NPL sale of 2016 – HousingWire |
| Goldman Sachs subsidiary again buys non-performing loans from Fannie Mae – HousingWire |
News From NAMB: May 12, 2016 – National Mortgage Professional
Scroll down to ‘Fannie Mae Still In The Black’. |
The S.E.C is Useless to Stop Stock Fraud – Reddit
Reddit user ‘olesentv’ discusses naked short selling and the GSEs. |
|
| Thursday May 12th 2016 |
| Conservative groups join growing push to recapitalize Fannie Mae, Freddie Mac – HousingWire |
| Center-Right Coalition Urges GSE Reform – DS News |
| Bets on Fannie and Freddie Get Help From Lobbyists – WSJ |
| Fannie Mae paying $38M a year for new building – Washington Business Journal |
|
| Wednesday May 11th 2016 |
| NTU-led Coalition Urges Congress to Reform Fannie Mae and Freddie Mac – National Taxpayers Union |
| AMI to Fannie Mae CEO: Private capital is ready for return to mortgages – HousingWire |
| Everything You Need to Know About Freddie Mac and Fannie Mae – WiseBread |
| Pershing Square 1st Quarter Letter – Valuewalk |
New filing in the Fairholme case.
Peter Chapman writes, “Jennifer Orr, Esq. — one of Ms. Robinson’s lawyers at Taft Stettinius & Hollister that represents her in the lawsuit filed in Kentucky — filed a Motion (Doc. 321) today asking Judge Sweeney to unseal documents obtained by Fairholme and referenced in Ms. Robinson’s amended complaint. Because the Motion makes reference to confidential discovery materials it was filed under seal and is not available to the public at this time. The docket entry suggests that Ms. Robinson is asking for dozens of documents to be unsealed. Responses to Ms. Robinson’s Motion are due by May 31, 2016.”
GlenBradford.com has additional information. |
2nd filing in the Fairholme case, click here to view.
Peter Chapman writes, “Ms. Robinson — in concert with the government and without objection by Fairholme — has advised Judge Sweeney that:
— the United States, FHFA, Fannie, Freddie, Grant Thornton, PwC and Deloitte will let Ms. Robinson know by Mon., May 16, 2016, if they consent to unsealing the documents Ms. Robinson wants;
— in the event those entities don’t consent, they will file their responses to Ms. Robinson’s request no later than Thurs., May 19, 2016; and
— Ms. Robinson will file her reply no later than Fri., May 20, 2016.” |
New filing in the Piszel case, click here to view.
Peter Chapman writes, “The Federal Circuit accepted the National Black Chamber of Commerce’x amicus brief this afternoon.” |
|
| Tuesday May 10th 2016 |
| And the Beat Goes On: GSE Shareholder Lawsuits Inch Forward – Inside Mortgage Finance |
| Realtors® Gather in Washington to Lay Groundwork for Future Policy Successes – PR Newswire |
| Bulk MSR Portfolio With $4.7B Of UPB Up For Bids – MortgageOrb |
Amtrak helps government ride off the rails – delawareonline.com
By George F. Will. Not exactly GSE related. |
07/18/2012 – Giving the US Economy a Boost with Mortgages – CNBC Video
Richard Perry, Perry Capital CEO, discusses how the U.S. economy can get a boost by opening up the mortgage markets again and putting Fannie Mae and Freddie Mac back on stable ground. |
| New filing in the JPMDL, click here to view. |
2nd filing in the JPMDL, click here to view.
Peter Chapman writes, “Messrs. Zimpleman and Pittenger delivered notices to the JPMDL yesterday indicating that they intend to participate in oral argument before the MDL Panel on May 26.” |
New filing in the Fairholme case, click here to view.
Peter Chapman writes, “Judge Sweeney entered an Order today granting Washington Federal’s motion (Doc. 293) filed three months ago.” |
|
| Monday May 9th 2016 |
| And the Beat Goes On: GSE Shareholder Lawsuits Inch Forward – Inside Mortgage Finance |
| GSEs: Reforms at the Margin – Money and Banking |
Spotlight on the False Claims Act – 6 May, 2016 – Lexology
Scroll down to United States ex rel. Adams v. Aurora Loan Services. |
| Flood Insurance Bill Could Threaten the GSEs – National Mortgage News |
| The cost to taxpayers of shoring up Fannie and Freddie – The Washington Post |
| New filing in the JPMDL, click here to view. |
2nd filing in the JPMDL, click here to view.
Peter Chapman writes, “Messrs. Johnson and Craig delivered notices to the JPMDL today indicating that they intend to participate in oral argument before the MDL Panel on May 26.” |
|
| Sunday May 8th 2016 |
| George Will Pens Courageous Blue Print And Carney’s Epic Fail – timhoward717.com |
| Timothy Bowler, Part 2 – The Truth about Fannie and Freddie |
| Fannie Mae’s (FNMA) CEO Timothy Mayopoulos on Q1 2016 Results – Earnings Call Transcript – Seeking Alpha |
| Fannie Mae to offer no-credit-score mortgages – OC Register |
|
| Friday May 6th 2016 |
| Fannie Mae (FNMA) and Freddie Mac (FMCC) are the Most Undervalued Stocks in the Entire Market – Here’s Why – Reddit |
| Is the GSEs’ Status Quo Sustainable? – DS News |
| Fannie Mae (FNMA) Impresses Street with Q1 Results – Business Finance News |
| Rep. Ed Royce is still trying to shut down the GSEs – Twitter |
| $4.7B Freddie Mac, Fannie Mae, Ginnie Mae bulk MSR portfolio hits market – HousingWire |
| Delving into Fannie Mae, Freddie Mac Earnings – The MReport |
| A Positive Sign: Agency MBS Market Springs to Life in April – Inside Mortgage Finance |
|
| Thursday May 5th 2016 |
| Fannie Mae Reports Net Income of $1.1 Billion and Comprehensive Income of $936 Million for First Quarter 2016 – fanniemae.com |
| Bove: Government & Incredible Mismanagement Is Driving Freddie Mac Into Bankruptcy – Valuewalk |
| Fannie Mae CEO says it’s not sustainable to operate without capital – MarketWatch |
| Fannie Mae CEO: Private capital unwilling to step into mortgages – HousingWire |
| Fannie and Freddie Capital Sank Closer to Zero in First Quarter, as Planned – Investors Unite |
| Fannie Mae 1Q net income slips to $1.1B – HousingWire |
| Fannie Mae Reports Net Income of $1.1 Billion and Comprehensive Income of $936 Million for First Quarter 2016 – Seeking Alpha |
| Fannie Mae reports Q1 results – Seeking Alpha |
| Fannie Mae’s Net Profit Fell 54 Percent in 1Q After the GSE Took a $2.8 Billion Hit on Derivatives – Inside Mortgage Finance |
| Fannie Mae posts $1.1B profit in 1Q; paying $919M dividend – Yahoo |
| Fannie Mae Will Pay Treasury $919 Million After Reporting Profit – Bloomberg |
| Fannie Mae Avoids Freddie Mac’s Q1 Fate – DS News |
Shelby Questions FHFA’s Conservatorship Oversight – Inside Mortgage Finance
Subscription required for full access. |
Fannie, Freddie Show Why DC Shouldn’t Meddle – Newsmax
By George Will |
| The Truth About Fannie Mae’s Dividend – WSJ |
| The Myth of the Fannie and Freddie Third Amendment – WSJ |
| Federal Economic Intervention: The Source Of Systemic Risk, Or The Solution? – Seeking Alpha |
| Changes in Mortgage Financing in Secondary Markets Bring Significant Opportunity in the Multifamily Space – National Real Estate Investor |
| As Investment Portfolio Dwindles, Fannie Looks Elsewhere for Growth – National Mortgage News |
Fannie Mae, GSEs, Even More Important – Popular Economics Blog
By Harlen Green |
| Dick Bove: Fannie Mae Nears Political Firestorm – Valuewalk |
New filing in the JPMDL, click here to view.
Peter Chapman writes, “In a filing delivered to the JPMDL yesterday, FHFA tells the MDL Panel that Mr. Pagliara’s books and records lawsuits should be transferred because their purpose is to gather evidence to use in other litigation attacking the Third Amendment.” |
|
| Wednesday May 4th 2016 |
| Treasury’s Fannie and Freddie rip-off – Washington Post |
| Fanniegate And What The Treasury Knew – MortgageOrb |
| George Will takes on #FannieGate, says GSEs ‘should never have existed’ – HousingWire |
| Freddie Mac’s (FMCC) CEO Donald Layton on Q1 2016 Results – Earnings Call Transcript – Seeking Alpha |
| Good News for the GSEs: FHFA Raises the Multifamily Financing Caps – Inside Mortgage Finance |
| Fannie Mae less likely than Freddie Mac to need Treasury draw, analyst says – MarketWatch |
| Fannie Mae and Freddie Mac Raise Eyebrows in D.C. – National Real Estate Investor |
| Ed DeMarco- How to Restart the Private Market for Mortgage Credit – Valuewalk |
| What Should Be the Aim of GSE Reform? – DS News |
| Gary Acosta, Jim Park, and Joe Murin: The Future of the GSEs? The “Ginnie Mae 2.0” Solution – Urban Institute |
GSE Shareholders See Bright Spot In Recent Legal Developments – Inside Mortgage Finance
Subscription required for full access. |
| Freddie Mac Monthly Volume Summary: March 2016 – freddiemac.com |
| New filing in the Pagliara v. Freddie Mac case, click here to view. |
2nd filing in the Pagliara v. Freddie Mac case, click here to view.
Peter Chapman writes, “Judge Cacheris entered an opinion and order today placing Mr. Pagliara’s lawsuit in against Freddie Mac in Virginia on hold until the JPDML decides if it wants to transfer and consolidate the cases challenging the Third Amendment as FHFA has asked it to do.” |
|
| Tuesday May 3rd 2016 |
| The misadventures of Fannie and Freddie – delawareonline.com |
| Freddie Mac Reports First Quarter 2016 Financial Results – freddiemac.com |
| FMCC reports loss, but no draw needed – Seeking Alpha |
| Freddie Mac Won’t Pay Treasury Dividend After $354 Million Loss – Bloomberg |
| Freddie Mac reports small enough loss to avoid bailout – MarketWatch |
| Freddie Mac Swings to Loss, Won’t Make Dividend Payment – WSJ |
| Freddie Mac CEO: Mortgage industry running better than ever – HousingWire |
| Investors Unite Executive Director Tim Pagliara Issues Statement on Freddie Mac Q1 Earnings – Investors Unite |
Lawmakers Divided on GSE Payments to Affordable Housing Initiatives, Bill Introduced to Halt Payments – Inside Mortgage Finance
Subscription required for full access. |
| Short Takes: Freddie CEO: It’s a Fact of Life / Industry Says Stop the Madness, Let the GSEs Build Capital / The Betting is that Watt Will Pull the Recap Lever / Mel’s Nightmare… – Inside Mortgage Finance |
| Freddie Mac Earnings – Time For Treasury, FHFA To Reverse Course? – Valuewalk |
| ICBA Statement on Freddie Mac Quarterly Loss – icba.org |
| Civil and Human Rights Coalition Responds to Freddie Mac Earnings Report – civilrights.org |
| Freddie’s Quarterly Loss Renews Cries to End Profit Sweep – National Mortgage News |
| Freddie Mac’s First Quarter Loss Undermines Shareholder Lawsuits – WSJ |
| The GSEs And The Grabbing Hand, Expropriation And Nationalization – Seeking Alpha by Wayne Olson |
| Fannie Mae Enhances Credit Risk-Sharing Disclosures – DS News |
| Fannie Mae is hiring an attorney – gobiglaw.com |
| Taxpayer Bailouts Ahead for Freddie Mac & Fannie Mae? – Collingwood LLC |
| Freddie Mac Issues Redemption Notice – Yahoo |
| Executive Privilege- Secrets of Fannie & Freddie – Youtube |
| New filing in the Piszel case, click here to view. |
|
| Monday May 2nd 2016 |
| Getting From Here to There – Howard on Mortgage Finance |
| We’ve Fixed Fannie and Freddie; It’s Time to Release Them – Huffington Post |
| Did the Government Set the GSEs Up for Trouble? – DS News |
| What About Fannie & Freddie? – Forbes |
| Bill Would Suspend NHTF Funding – Monarch Housing |
| Freddie Mac May Need More Taxpayer Money – WSJ |
| Fannie Mae Would Presently Owe $17.6 Billion Under The Original 10% Arrangement – Seeking Alpha |
| Are Private Label Mortgage-Backed Securities Making a Comeback? – Economic Calender |
| Digging Deeper into GSE Mortgage Portfolios – The MReport |
New filing in the Piszel case, click here to view.
Peter Chapman writes, “Mr. Piszel delivered his Supplemental Brief to the Federal Circuit Friday, the Clerk released it this morning. The Clerk should release the government’s Supplemental Brief later today or tomorrow.” |
New filing in the Perry case, click here to view.
Peter Chapman writes, “The D.C. Circuit entered an order this afternoon accepting the Amicus Brief filed by Investors Unite.” |
|
| Sunday May 1st 2016 |
| Was the Fannie/Freddie ‘Death Spiral’ All a Mirage? – Real Clear Markets |
The Week Ahead: Will the GSEs Need a Bailout This Week? – The MReport
“Tuesday, May 3, 2016
Freddie Mac Q1 2016 Financial Results, 9 a.m. EST
Thursday, May 5, 2016
Fannie Mae Q1 2016 Financial Results, 9 a.m. EST” |
| Fannie Mae: If Govt Policy Continues Mortgage Market Will Collapse – Bove – Valuewalk |