| Wednesday May 31st 2017 |
New filing in the Fairholme case, click here to view.
Peter Chapman writes, “The government delivered a request to Judge Sweeney this afternoon asking for permission to file a corrected status report. The government indicates that, because of an oversight, 839 FHFA documents weren’t turned over to Fairholme’s lawyers until today.” |
A Framework for Improving Access and Affordability in a Reformed Housing Finance System – bipartisanpolicy.org
By Michael A. Stegman |
| BPC: Here’s a bipartisan path forward to accomplish GSE reform – HousingWire |
| This Political Fight Is a Big Threat to Fixing the Mortgage Market – Bloomberg |
| Fannie Mae Hits $1 Trillion Milestone for Credit Risk Sharing Transactions – PR Newswire |
Release of Blueprint for Restoring Safety and Soundness to Fannie Mae and Freddie Mac – Business Wire
Occurs Thursday June 1st at 10:30 am EDT |
| Fannie Freddie Regulator Has Law On His Side To End Net Worth Sweep Now – Infowars |
|
| Tuesday May 30th 2017 |
New filing in the Fairholme case, click here to view.
Peter Chapman writes, “Judge Sweeney entered an opinion and Order this afternoon, saying that because the government’s initial discovery-related objections were substantially justified, she will not order the government to pay Fairholme’s legal fees.” |
2nd filing in the Fairholme case, click here to view.
Peter Chapman writes, “The government delivered a Status Report to Judge Sweeney indicating that it has turned additional documents over to Fairholme’s lawyers over which it previously asserted claims of privilege.” |
New filing in the Collins case, click here to view.
Peter Chapman writes, “The Fifth Circuit received the Collins Plaintiffs’ appeal today and the Clerk has assigned No. 17-20364 to that appellate proceeding.” |
New filing in the Deloitte case, click here to view.
Peter Chapman writes, “To accelerate the appeal process, the Edwards Plaintiffs are asking Judge Scola to direct the Clerk to enter a formal judgment rejecting their remand request, substituting FHFA for the plaintiff-shareholders, and dismissing their lawsuit.” |
| New filing in the Pagliara v. Fannie Mae case, click here to view. |
| Do Legal Losses Matter When GSE Reform Direction Changes? – Seeking Alpha by Glen Bradford |
| Credit Risk Transfers: Hot Topic of 2017 – DS News |
|
| Monday May 29th 2017 |
Various GSE Documents – 8ch.net
I believe we’ve seen these before. |
|
| Saturday May 27th 2017 |
After 9 years of sweeping Fannie and Freddie under the rug, risks begin to emerge – The Hill
By Mark Zandi |
|
| Friday May 26th 2017 |
New filings in the Sammons case in the Western District of Texas.
Brief for the United States of America
Reply Brief of the Appellant
Peter Chapman writes, “Copies of the government’s brief and Mr. Sammons’ reply brief are (linked above.)” |
New filing in the Robinson case, click here to view.
Peter Chapman writes, “FHFA sent a letter to the Sixth Circuit to alert it to Judge Atlas’ decision dismissing the Collins Plaintiffs’ complaint and urging the Court to continue the unbroken line of decisions saying section 4617(f) of HERA bars GSE shareholder litigation.” |
New filing in the Deloitte case, click here to view.
Peter Chapman writes, “Getting ready, apparently, to get ready to appeal to the Eleventh Circuit, Bryan S. Gowdy at Creed & Gowdy, P.A., entered his appearance on behalf of the Edwards Plaintiffs today.” |
| What We’re Hearing…What About a Partial Capital Cushion for the GSEs? – Inside Mortgage Finance |
| Senate Banking Chair Crapo wants GSE reform bill ready this year… via @Zachary – Twitter |
|
| Thursday May 25th 2017 |
New filings in the Saxton case.
Brief of Plaintiffs-Appellants (Doc. 15)
Addendum of Brief of Plaintiffs-Appellants (Doc. 16)
Peter Chapman writes, “The Saxton Plaintiffs delivered their opening brief to the Eighth Circuit yesterday, urging the appellate tribunal to follow Judge Brown’s reasoning and conclude that FHFA and Treasury exceeded their authority under HERA, their actions aren’t fully insulated from judicial review, and shareholders are not powerless while the GSEs are in conservatorship. A copy of the opening brief (Doc. 15) and an addendum (Doc. 16) are (linked above).” |
New filing in the Collins case, click here to view.
Peter Chapman writes, “The Collins Plaintiffs filed a notice of appeal this afternoon indicating they will ask the Fifth Circuit to review Judge Atlas’ decision.” |
| Trump budget could have big news for Fannie and Freddie – CNBC |
|
| Wednesday May 24th 2017 |
New filing in the Robinson case, click here to view.
Peter Chapman writes, “Ms Robinson’s lawyers at Cooper & Kirk distinguish the AIG case from this case, explaining that AIG’s deal with the Fed was an arms’-length transaction and the Net Worth Sweep wasn’t.” |
2nd filing in the Robinson case, click here to view.
Peter Chapman writes, “FHFA’s lawyers at Arnold & Porter say that Mr. Watt’s recent testimony isn’t any form of additional authority for the court to consider and, in any event, is entirely consistent with FHFA’s position.” |
| Trump Budget Perspectives on Fannie and Freddie Depart from Obama Era Approach – Investors Unite |
Fannie and Freddie Endgame Takes Shape – WSJ
Subscription required for access. |
| Freddie, Fannie Could See Reduced Role if U.S. Starts Guaranteeing Certain Mortgage Securities – TheStreet |
| Steve Mnuchin: A Traitor To His Class – DealBreaker |
| BRIEF-Fannie Mae prices $1 bln Connecticut avenue securities risk sharing deal – Reuters |
| MBA Chief: Don’t Leave Necessary GSE Reforms to the FHFA – Inside Mortgage Finance |
|
| Tuesday May 23rd 2017 |
Analytical Perspectives Budget of the U. S. Government Fiscal Year 2018 – whitehouse.gov
GSEs are discussed throughout the document. Perform a word search for ‘fannie’, ‘freddie’, or ‘GSE’. Also see pages 211-213. |
| Trump budget proposes saving $1.1 billion over 10 years by eliminating Fannie/Freddie contributions to housing trust funds via @josephlawler – Twitter |
| [email protected]RepHensarling: ‘Reform of Fannie/Freddie are necessary if we don’t want to find ourselves repeating the mistakes of history’ via @SallyPancakes – Twitter |
| Trump Budget Projects $142 Billion In Revenue From Fannie Mae and Freddie Mac – Breitbart |
| KBW Says Leave the GSE Dividend Alone, Go with More Risk-Sharing Deals – Inside Mortgage Finance |
| U.S. Looks To Get Mortgage Giants Fannie And Freddie Out Of Conservatorship – NPR |
| Freddie Funds $28B in Mortgages – DS News |
|
| Monday May 22nd 2017 |
New filings in the Collins case.
Memorandum and Order
Final Judgment
Peter Chapman writes, “Judge Atlas entered a Memorandum and Opinion and Final Judgment this afternoon dismissing the Collins Plaintiffs’ APA claims against FHFA and Treasury for the same reasons Judge Lamberth dismissed them, and concluding that FHFA’s structure is constitutional.” |
| Fannie and Freddie – Eight Years and Counting – realtybiznews.com |
| Chances of a ‘Win’ by GSE Stock Speculators Dimming? – Inside Mortgage Finance |
|
| Saturday May 20th 2017 |
New filings in the Roberts case.
Appearance & Circuit Rule 26.1 Disclosure Statement
Appearance & Circuit Rule 26.1 Disclosure Statement
Appearance & Circuit Rule 26.1 Disclosure Statement
Peter Chapman writes, “FHFA’s three-lawyer team at Arnold & Porter entered their appearances in the appeal before the Seventh Circuit.” |
| 11 judges will soon decide the fate of a polarizing US agency – Yahoo |
|
| Friday May 19th 2017 |
New filing in the Robinson case, click here to view.
Peter Chapman writes, “Treasury wants the Sixth Circuit to know about the Federal Circuit’s recent decision entered in the AIG litigation, saying that ruling supports the government’s argument that Ms. Robinson’s claims are derivative, rather than direct, and are therefor barred under HERA.” |
2nd filing in the Robinson case, click here to view.
Peter Chapman writes, “Ms. Robinson wants the Sixth Circuit to pay close attention to Mel Watt’s recent testimony before the Senate Banking Committee where he said HERA obligates FHFA to conserve and preserve, contradicting FHFA’s argument in its court filings that it has no such duty.” |
| Opportunity Knocks for Housing Reform – U.S. News |
| Are Fannie Mae and Freddie Mac Poised to Jump on Strong Housing Trends? – The Motley Fool |
Fannie Mae’s (FNMA) CEO Tim Mayopoulos on Q1 2017 Results – Earnings Call Transcript – Seeking Alpha
From May 5th. |
|
| Thursday May 18th 2017 |
New filing in the Piszel case, click here to view.
Peter Chapman writes, “A copy of Mr. Piszel’s petition for a writ of certiorari is (linked above).” |
Domestic and International Fiscal Policy Update – C-SPAN
Video with Treasury Secretary Steven Mnuchin |
| Statement of Steven T. Mnuchin Secretary, United States Department of the Treasury before the Senate Committee on Banking, Housing, & Urban Affairs United States Senate – treasury.gov |
| Prepared Remarks of Melvin L. Watt, Director of FHFA at American Mortgage Conference, North Carolina Bankers Association – fhfa.gov |
| Meet the new “Never Trumper.” – Rocky Top Politics |
| Administration Can Act and Should on GSE Reform – Investors Unite |
| Mnuchin: Housing finance reform a ‘priority’ for Trump White House – CNN |
| Treasury Secretary Mnuchin: Expect GSEs to continue paying dividend – HousingWire |
| Mnuchin says he expects Fannie, Freddie to continue to pay dividends – MarketWatch |
| Mnuchin May Face Fight With Watt Over Fannie-Freddie Dividends – Bloomberg |
| Watt & Mnuchin Tackle GSE Reform – The MReport |
| Mnuchin: A GSE reform plan will come this year – Scotsman Guide |
Trump Administration Could Support Government Backstop for Fannie and Freddie, Mnuchin Says – WSJ
Subscription required for access. |
| Freddie Mac Prices First RPL Sale This Year – DS News |
| FHFA’s Watt reiterates that housing finance reform must come from Congress – HousingWire |
| Amerizuela: $FNMAS Fannie Mae – Only One Outcome, Rule Of Law Matters – ibankcoin.com |
|
| Wednesday May 17th 2017 |
New filings in the Saxton case.
Public Administrative Order (Doc. 111)
Transmittal Letter (Doc. 112)
Peter Chapman writes, “The Court Reporter prepared a transcript (Doc. 110) of the hearing held before Judge Reade on Mar. 23, 2017, and transmitted a copy of the Eighth Circuit. In accordance with the Court’s procedures (Doc. 111) a copy of the transcript can be purchased now from the Court Reporter, Patrice A. Murray at (319) 286-2338, and a copy will become available to the public on Aug. 14, 2017.” |
New filings in the Roberts case.
Appearance & Circuit Rule 26.1 Disclosure Statement (Doc. 3)
Appearance & Circuit Rule 26.1 Disclosure Statement (Doc. 4)
Appearance & Circuit Rule 26.1 Disclosure Statement (Doc. 5)
Appearance & Circuit Rule 26.1 Disclosure Statement (Doc. 6)
Appearance & Circuit Rule 26.1 Disclosure Statement (Doc. 7)
Circuit Rule 3(c) Docketing Statement (Doc. 8)
Seventh Circuit Transcript Information Sheet (Doc. 9)
Appearance & Circuit Rule 26.1 Disclosure Statement (Doc. 10)
Appearance & Circuit Rule 26.1 Disclosure Statement (Doc. 11)
Peter Chapman writes, “The parties to the Roberts appeal pending before the Seventh Circuit delivered a number of administrative papers (Docs. 3 through 11) in the past two weeks as they get ready to get ready to get this appellate proceeding underway.” |
New filing in the Piszel case, click here to view.
Peter Chapman writes, “Mr. Piszel delivered his petition for a writ of certiorari to the U.S. Supreme Court last week, and the High Court advised the Federal Circuit about the filing. A copy of the notice sent to the Federal Circuit is (linked above), and the High Court’s docket is posted at https://www.supremecourt.gov/search.aspx?filename… “ |
| Affordable Housing Advocates & Small Lenders Join Together is Applauding Dir. Mel Watt Commitment to Shoring Up the Reserves at Fannie Mae and Freddie Mac – Minibox |
| Treasury Secretary Mnuchin to address Senate Banking Committee on GSE reform – HousingWire |
| It’s time for Congress to get the facts straight on housing finance – The Hill |
| Short Takes: Refis Hit a Low Not Seen Since 2008 / Let’s Compare Conservatorships… – Inside Mortgage Finance |
| Reforming Housing Finance – American Action Forum |
| Politico Report: Two local lawmakers among members of Congress with potential conflicts – Times Free Press |
FHFA, Treasury should cooperate on GSE capital buffer, housing groups say – National Mortgage News
Subscription required for access. |
|
| Tuesday May 16th 2017 |
| FHFA: Congress to decide Frannie fate – Seeking Alpha |
| Trump Official Says Fannie, Freddie Should Let in Private Market – Bloomberg |
| Fannie-Freddie Won’t Be Freed Without Congress, Regulator Says – Bloomberg |
| President Trump Should Push the Senate on GSE Reform – Forbes |
|
| Monday May 15th 2017 |
| Santelli Exchange: Fmr. FDIC Chairman on housing finance reform – CNBC Video |
| What Watt’s Banking Committee Testimony Means for GSE Reform – Morning Consult |
| Watt calls for housing finance reform – RESPA News |
| Will The FHFA Suspend Fannie & Freddie’s Dividend Payments To Treasury? – Benzinga |
Steve Eisman on his long-shot play : “I own Fannie Mae…” via @CNBCFastMoney – Twitter
With video. In the movie The Big Short, Steve Eisman was portrayed by Steve Carell. |
Trump Administration Committed to Revamping Fannie and Freddie, Official Says via @fanniegate101 – Twitter
I haven’t found the source of the article, but the headline is listed on this page at foxbusiness.com. |
| US court of appeals will hear oral arguments for phh v cfpb on 5/24 via @JaredALevine – Twitter |
Reckless stock trading leaves Congress rife with conflicts – Politico
GSEs are not mentioned, however Bob Corker is mentioned. |
|
| Sunday May 14th 2017 |
Fannie-Freddie 2017 Policy Outlook – Google Drive
From 5/5. |
| A lie here, a tall tale there……. – Bill Maloni’s GSE Blog |
|
| Saturday May 13th 2017 |
2nd Annual Credit Risk Transfer Symposium – imn.org
Occurs Monday, 5/15. Craig Phillips is speaking at 3:45 PM. Click on the ‘Agenda’ tab. |
| FHFA Violates Law From Day One of Conservatorship – Blogspot |
|
| Friday May 12th 2017 |
FHFA’s Dir. Watt on The Hill: Of Prudential Regulators & Political Interference – Scribd
By Joshua Rosner of Graham Fisher & Co. |
| Tim Howard opines on Mel Watt’s hearing – Howard on Mortgage Finance |
| GSE Man Who Can Stop The NWS Suggests He Will – Seeking Alpha by Glen Bradford |
| “Moody’s: Fannie would lose $15.6B of its tax deferred asset…” via @IMFpubs – Twitter |
| Lawyer with Responsibility for Mortgage Crisis Appointed to Take Care of Mortgage Banks – The Real News Network |
| RBS in talks with FHFA to settle multibillion-dollar lawsuit over mortgage-backed securities – HousingWire |
| What We’re Hearing: Mel Watt: Not on My Watch / Sen. Corker’s $10B Experiment with the People’s Money… – Inside Mortgage Finance |
What to Do about the GSEs? – nyu.edu
NYU Stern White Paper. I’m not sure on the date of this one. |
| Bipartisan Group Of Senators Working On Fannie And Freddie Behind The Scenes – Benzinga |
| Freddie Mac explores credit-risk transfer idea to gain more REIT investors – HousingWire |
| They’re back: Wells Fargo prepares to issue private-label mortgage bonds – HousingWire |
Fannie Mae and Freddie Mac revamp on Trump’s agenda – The Australian
This is the WSJ article from yesterday. |
|
| Thursday May 11th 2017 |
| Mel Watt speaks before the Senate Banking Committee – C-SPAN |
| Statement of Melvin L. Watt, Director, FHFA, Before the U.S. Senate Committee on Banking, Housing, and Urban Affairs – fhfa.gov |
| Brown Statement at Housing Finance Hearing – senate.gov |
| ICBA Statement on Testimony from FHFA Director Mel Watt – icba.org |
| Civil and Human Rights Coalition Applauds FHFA Director Mel Watt for Calling to Strengthen Fannie, Freddie Finances – civilrights.org |
| Watt Stands Up for Taxpayers and Stands Up to Bob Corker at Senate Banking Committee Hearing – Investors Unite |
| FHFA director: Next year, taxpayers will foot any Fannie, Freddie losses – HousingWire |
| FHFA Chief Hints Strongly About GSEs Building Capital Once Again. Sen. Corker Not Happy… – Inside Mortgage Finance |
| Fannie-Freddie overhaul is back on the table – The Real Deal |
| Fannie-Freddie Watchdog Says He Can’t Let Capital Go to Zero – Bloomberg |
| Fannie and Freddie are nearly out of money and Washington is getting anxious – MarketWatch |
| Watt Faces Questions from Senate Panel Over Capital Buffer – Morning Consult |
| Trump Admin: We Intend To Stop Obamacare Looting Scheme – Infowars |
| Fannie, Freddie may have to keep earnings for stability: regulator – Reuters |
| FHFA Calls For Big Changes to Fannie/Freddie Conservatorship – Mortgage News Daily |
| Mel Watt squares off against Elizabeth Warren: ‘Unfair and untrue and unjust’ – Washington Examiner |
| Berlau Criticizes Government Confiscation of Fannie/Freddie Shareholder Profits – cei.org |
FHFA on collision course with Congress over Fannie, Freddie – Credit Union Journal
Subscription required for access. |
Trump Administration, Senators Put Fannie, Freddie Overhaul Back in Play – WSJ
Subscription required for access. |
| Ackman: Fundamentals Continue To Improve At Fannie And Freddie; Herbalife Deteriorating – ValueWalk |
Domestic and International Policy Update – senate.gov
Treasury Secretary Mnuchin is speaking on Thursday, May 18. |
| Fannie CEO’s Dating Prompts Call to Consider His Firing – Bloomberg |
| Freddie Mac Has Paid It Back And Fannie Mae Is On Its Way – Seeking Alpha |
|
| Wednesday May 10th 2017 |
| Fannie, Freddie regulator says may have to retain earnings – Reuters |
The Status of the Housing Finance System After Nine Years of Conservatorship – senate.gov
Occurs Thursday at 10:00 am EDT |
| Does Tax Reform Hurt The GSEs? – Seeking Alpha |
| Amendment Extends FOIA Exemptions to GSEs – The MReport |
| Why the AIG Ruling Is No Drag for Federal National Mortgage Association & Federal Home Loan Mortgage Corp Investors – Invest Correctly |
| Bonaparte Bob – Rocky Top Politics |
| Former Fannie Mae, MI Official Adolfo Marzol Named Senior Advisor to HUD Secretary – Inside Mortgage Finance |
| Fannie Mae announces latest non-performing loans sale – HousingWire |
| Warren Pushes Trump Administration on Plan to Break Up Megabanks – Bloomberg |
|
| Tuesday May 9th 2017 |
| Cash Flow Capture: How To Get Something For Nothing – Seeking Alpha by Glen Bradford |
| Fannie And Freddie: The Net Worth Sweep And FHFA’s Next Big Problem With Delaware Law – Seeking Alpha |
| Fed’s Rosengren warns that Fannie, Freddie reform could roil commercial real-estate market – MarketWatch |
| Fed official warns Fannie-Freddie reforms could cause shocks – Reuters |
| Fed’s Rosengren warns on GSE reform – Seeking Alpha |
| Appeals Court’s AIG Decision Sets Government Up For Big Win in Fannie and Freddie Cases – Breitbart |
|
| Monday May 8th 2017 |
| Trump Positioned for Big Win on Fannie and Freddie – Infowars |
| This and That! – Bill Maloni’s GSE Blog |
| Fannie-Freddie Look to Provide Financing for Manufactured Homes – Bloomberg |
| Fannie Mae Posts ‘Solid’ Q1, Should Continue To Be Profitable – Benzinga |
| Bill Ackman Comments on Fannie Mae and Freddie Mac – Guru Focus |
| Fannie, Freddie release official strategy to serve underserved markets – HousingWire |
| Former Ginnie Mae president says Fannie and Freddie reform takes “real work” – HousingWire |
| GSEs Keep Pushing to Expand the Credit Box. But are they Satisfied? Is the FHFA? – Inside Mortgage Finance |
| Treasury: Mnuchin never claimed Fannie, Freddie profits specifically funded Obamacare – HousingWire |
| Short Takes: KBW Questions the Value of CRTs for Fannie and Freddie / A Price Target of $1 a Share… – Inside Mortgage Finance |
| Moody’s: Trump Tax Reform a Credit Negative for Fannie and Freddie – Inside Mortgage Finance |
|
| Saturday May 6th 2017 |
| Tim Howard comments on Blackrock’s Housing Finance Reform white paper – Howard on Mortgage Finance |
| Fannie Mae: What Does Steven Mnuchin’s Comments Mean For FNMA Stock & FMCC Stock? – BNL Finance |
| Firm blasts hedge-fund plan to privatize Fannie and Freddie – NY Post |
| Fixing Fannie and Freddie won’t be any easier for the Trump team – Washington Examiner |
|
| Friday May 5th 2017 |
| Fannie Mae Reports Net Income of $2.8 Billion and Comprehensive Income of $2.8 Billion for First Quarter 2017 – fanniemae.com |
| Interest rates slightly dent Fannie Mae’s first quarter profits – HousingWire |
| Fannie Mae to pay Treasury another $2.8B – Seeking Alpha |
| Fannie Mae reports Q1 results – Seeking Alpha |
| Fannie Mae reports $2.8 billion quarterly profit as capital buffers dry up – MarketWatch |
| Fannie Mae Will Pay $2.8 Billion to U.S. Treasury After Profit – Bloomberg |
| GSE profits could put reform on back burner – Scotsman Guide |
| BlackRock Says Don’t Recap and Release Fannie and Freddie – Bloomberg |
Addressing the Housing Finance Conundrum – blackrock.com
Blackrock’s White Paper on Housing Finance Reform |
| In a series of tweets, @JoshRosner provides a response to Joe Light’s Bloomberg article – Twitter |
| GF&Co: Initial Comment’s on BlackRock’s Housing Finance Reforms paper – Scribd |
| First principle of @blackrock plan… via @JoshRosner – Twitter |
| CHOICE Act 2.0 Could Spell Trouble for the FHFA and Director Mel Watt – Inside Mortgage Finance |
Trump tax cuts could force GSEs to borrow from Treasury – American Banker
Subscription required for access. |
| Fed shedding MBS will not hurt Fannie, Freddie -Williams – Reuters |
|
| Thursday May 4th 2017 |
The Status of the Housing Finance System After Nine Years of Conservatorship – senate.gov
A hearing on 5/11 with Mel Watt speaking. |
| Mortgage Bankers Stress ‘Transition’ to a Post-GSE-Conservatorship World – Inside Mortgage Finance |
| They’re Back! Fannie and Freddie Ride Again – richardmbowen.com |
| Investors Unite: MBA’s GSE Reform Proposal Is Too Complex – mortgageorb.com |
| Freddie Mac posts solid Q1 profit – Scotsman Guide |
| Fannie and Freddie; News in Primary and Secondary Markets – Mortgage News Daily |
|
| Wednesday May 3rd 2017 |
New filings in the Pagliara v. Fannie Mae case.
Cover Letter (Doc. 76)
Additional Documents #1 (Doc. 77)
Additional Documents #2 (Doc. 78)
Bylaws of Federal Home Loan Bank of Dallas (Doc. 79)
Additional Documents #3 (Doc. 80)
Additional Documents #4 (Doc. 81)
Court of Chancery Judicial Action Form (Doc. 82)
Peter Chapman writes, “C. Barr Flinn, representing Mr. Pagliara, sent Vice Chancellor Montgomery-Reeves some additional reading material (Docs. 76-81) Monday in connection with his attempt to access Fannie Mae’s books and records. Vice Chancellor Montgomery-Reeves held a hearing Tuesday morning on Fannie Mae and FHFA’s motion to dismiss Mr. Pagliara’s complaint, and took the matter under advisement (Doc. 82).” |
050217 — Full Committee Markup of H.R. 10 (EventID=105936) Part II – Youtube
Things got heated last night during discussion of the Financial Choice Act. While the bill does not deal directly with the GSEs, there was a lot of discussion about them. A sample is linked below.
Rep Mike Capuano discusses GSE shareholders via @ethan2369 – Twitter
Rep. Gwen Moore discusses the source of the housing crisis via @DoNotLose – Twitter
General discussion via @ValuInvstrToday – Twitter |
| Steven Mnuchin: Not responsible to leave Fannie, Freddie as is – Fox Business Video |
| GSE Arrow Points Down – Bill Maloni’s GSE Blog |
| Reform of Freddie & Fannie: Trouble Ahead – Investopedia |
Senate Panel to Revive Mortgage-Overhaul Efforts with First Hearing Next Week – WSJ
Subscription required for access. |
| Fannie, Freddie regulator to testify as GOP eyes reform – Washington Examiner |
| Freddie Mac announces settlement of Seasoned Credit Risk Transfer offering – HousingWire |
| MBA’s Stevens: ‘Recap And Release’ Of GSEs Would Be A Big Mistake – mortgageorb.com |
| MSM Is Terrified Of Infowars And Our Sources – Youtube |
| Treasury Department Shoots Down Fannie and Freddie Obamacare Conspiracy Theory – Breitbart |
|
| Tuesday May 2nd 2017 |
| Freddie Mac Reports Net Income and Comprehensive Income of $2.2 Billion for First Quarter 2017 – freddiemac.com |
| Freddie Mac first quarter profit withstands impact of rising interest rates – HousingWire |
| Freddie Mac 2017 Q1 – Results – Earnings Call Slides – Seeking Alpha |
| Freddie Mac’s (FMCC) CEO Don Layton on Q1 2017 Results – Earnings Call Transcript – Seeking Alpha |
| Time to privatize Fannie Mae, Freddie Mac? – Fox Business Video via Youtube |
| Freddie Mac CEO: 0% capital buffer does not factor into daily operations – HousingWire |
| The Government Has Been Paid Back. Period. – Investors Unite |
| Fannie, Freddie Profit Payments Should Continue, Treasury Says – Bloomberg |
| Big Fed Dilemma Regarding Fannie And Freddie – Seeking Alpha |
| Treasury Secretary Mnuchin Confirms Fannie Mae & Freddie Mac Profits Used To Fund ObamaCare – High Society Capital |
| Steve Mnuchin Wants To Reform Fannie And Freddie, But It Might Not Happen Before 2019 – Benzinga |
| Fannie Mae Prices $1.371 Billion Connecticut Avenue Securities Risk Sharing Deal – Benzinga |
| House Financial Services Chair Jeb Hensarling briefly talks about the GSEs around the 8 minute mark – C-SPAN |
| Government Loans Up for 27th Month – DS News |
|
| Monday May 1st 2017 |
Mnuchin on border tax: In current form it doesn’t work – Fox Business Video
Treasury Secretary Mnuchin confirms the GSEs were used to fund the ACA, starts at 3:55. |
| Mnuchin on Fannie And Freddie Funds Used to Pay for ObamaCare: It’s True – Fox Business |
| Mnuchin Confirms GSE Sweep May Have Funded Obamacare – Investors Unite |
| Mnuchin: ‘I’m Committed to Housing Reform’ – DS News |
| Treasury Secretary Confirms Infowars.com Reporting On Obamacare Looting Scheme – Infowars |
| Tim Howard discusses the different definitions of ‘privatization’ – Howard on Mortgage Finance |
The Confused Status of the Plaintiff Class Claims in Perry Capital v. Mnuchin – Forbes
By Richard Epstein |
Can We Avoid A GSE Bailout? – Mortgageorb
This is a well written article. I highly recommend it. |
| Mel Watt’s letter to housing groups via @RobTVDC – Twitter |
| Consensus from MBA Secondary: The time for GSE reform is now – HousingWire |
| At Secondary Conference, MBA Chief Calls GSE Recap & Release ‘Crazy’ – Inside Mortgage Finance |
MBA Pres: ‘Recap And Release’ No Solution For GSEs – GlobeSt.com
Subscription required for access. |
Mnuchin pushes for housing finance reform within next year – American Banker
Subscription required for access. |
Housing reform becomes urgent as GSEs’ capital buffer nears zero – National Mortgage News
Subscription required for access. |
| U.S. GSE reform transition may take more than five years -FHFA official – Reuters |
| Fannie Portfolio See Monthly Jump – DS News |
| John Paulson’s Fall From Hedge Fund Stardom – NY Times |
Fannie Mae Announces Scheduled Release of First Quarter 2017 Financial Results – PR Newswire
“Fannie Mae today announced plans to report its first quarter 2017 financial results on Friday morning, May 5, 2017, before the opening of U.S. financial markets.” |
The lobbyist hit list – therealdeal.com
There is a section on GSE Reform. |
| Credit risk transfer market looks to expand as more investors join – HousingWire |
| MBA Secondary panel: Yes, GSE reform can really work this time around – HousingWire |