Friday September 28 2018
Inside Sources: Finding a Fix for Fannie and Freddie
Morning Consult: Taking the First Steps to GSE Reform
Market Insider: MGIC Comments on Revised GSE Private Mortgage Insurer Eligibility Requirements
The Wall Street Journal: Mel Watt and Accuser Address Charges in Hearing
Thursday September 27 2018
Washington Post: As the world watches Kavanaugh Senate hearing, the House hears another #MeToo story
Politico: Thursday’s other #MeToo hearing on Capitol Hill
Wednesday September 26 2018
National Mortgage News: 5 questions as lawmakers set to probe FHFA, GSE scandals
The Hill: House panel invites Watt accuser to testify at Thursday hearing
Tuesday September 25 2018
Credit Union Journal: Week ahead: Tax reform back in the spotlight
Global Capital: Risk transfer, single security to define Fannie and Freddie in 2019
Monday September 24 2018
Bill Maloni’s GSE Blog: My Greatest GSE Fear-People Will Forget GSE Achievements
Inside Mortgage Finance: What We’re Hearing: Freddie Mac Puts on its Banker Hat / Some Interesting Policy Moves by Mel Watt / Nonbank Liquidity is a Good Thing, Right? / The Progressives v. the Traditionalists / Eat a Peach: CFPB Moves an Office to Atlanta
Friday September 21 2018
Law 360: A Closer Look At Proposed Regs For Nonbank Loan Servicers
DS News: Addressing Manufactured Home Misconceptions
Thursday September 20 2018
Mondaq: Should Mortgage Loan Servicers Be Subject To Safety And Soundness Standards?
National Mortgage News: There’s no room for REITs, captive insurers at Home Loan Banks
Wednesday September 19 2018
Reading Eagle: Editorial: Congress must step up on mortgage-market reform
Market Watch: Employee wants Senate hearing to discuss sexual misconduct allegation made against FHFA’s Watt
Tuesday September 18 2018
Seeking Alpha: Hensarling Says Administration Doesn’t Favor His GSE Wind Down
National Mortgage Professional: FHFA’s Watt Refuses to Cooperate in Sexual Harassment Probe
Monday September 17 2018
New filing in Arrowood vs U.S., click here to view.
Peter Chapman writes, “Arrowood submitted a reply to Judge Sweeney asking that her order concerning the filing of amended complaints and the current briefing schedule on the government’s omnibus motion to dismiss make it clear if briefing about the separation-of-powers topic should occur now or be deferred until the court has ruled on the motion to dismiss.”
The Washington Post: Can the House compromise on housing finance reform? These lawmakers are willing to try.
National Mortgage News: Continuing GSE conservatorship is a bad deal for taxpayers
Competitive Enterprise Institute: The Financial Crisis 10 Years Later: What’s Changed?
Wall Street Journal: New Details in Sexual-Harassment Allegations Against Mel Watt
Bloomberg: Fannie Regulator Refused to Cooperate With Harassment Probe, Report Says
Politico: Watt refused to participate in harassment probe
American Banker: FHFA denies rumors Watt will duck House hearing
Friday September 14 2018
New filings in Collins vs FHFA, click here to view.
Peter Chapman writes, “Treasury opposes the Collins Plaintiffs’ request for a rehearing in the Fifth Circuit. Treasury says the three-judge panel made the correct rulings so there’s nothing to review. FHFA filed its response to the Collins Plaintiffs’ rehearing request agreeing with Treasury that anything the Collins Plaintiffs want reviewed shouldn’t be. A copy of that filing may be viewed here.
ABC News: 10 years after the financial crisis, not everyone has fully recovered
Competitive Enterprise Institute: The Financial Crisis 10 Years Later: Restrictions on Housing Supply Makes Matters
Bloomberg: The Mortgage Market Is Back a Decade After the Credit Crisis—With New Risks
Thursday September 13 2018
Investors Unite: Ten Terrible Years and a Prelude to More of the Same
Wall Street Journal: Hensarling’s GSE Reform Is the Wrong Move
American Banker: FHFA takes another big step toward single security for GSEs
DS News: FHFA Releases Plan to Better Align Fannie and Freddie
Wednesday September 12 2018
New filing in Angel vs. Fannie Mae, click here to view.
Peter Chapman writes, “Mr. Angel attached more than 2,000 pages of exhibits to his memorandum in opposition. ”
American Banker: How Ginnie Mae could break stalemate on GSE reform
The Hill: A decade after the financial crisis, mortgage market still needs fixes
CNBC: Former Fannie Mae CEO reflects on financial crisis
Knowledge at Wharton: Housing and Mortgage Markets May Have Recovered, but Risks Remain
Market Watch: Former Treasury Secretary Hank Paulson says renters are getting a raw deal
Tuesday September 11 2018
New filing in Angel vs. Fannie Mae, click here to view.
Peter Chapman writes, “Mr. Angel filed a memorandum in opposition to FHFA’s motion to dismiss yesterday. Because there are disputed facts concerning the government’s guarantee of full and timely payment of declared dividends to junior preferred shareholders, Mr. Angel argues, dismissal of his complaint at this stage is inappropriate, and the motion to dismiss should be denied.”
In mid-July, Mr. Angel’s lawsuit was transferred to Judge Lamberth.
New filing in Fairholme vs. U.S., click here to view.
Peter Chapman writes, “Judge Sweeney entered an order directing Fairholme to file its amended complaint by Mon., Oct. 1, wrapping up briefing on that motion to dismiss by Jan. 22, and saying that if Fairholme files and further motions to amend its complaint any resolution of those requests will be handled after she rules on the motion to dismiss the government will file on Oct. 1. ”
Forbes: Nobody In Congress Is Ready To Fix Housing Finance
Mortgage Orb: Bipartisan Proposal to ‘Restart the Much-Needed Dialogue’ on GSE Reform
Washington Post: A guide to the financial crisis — 10 years later
Herald Tribune: Fannie Mae and Freddie Mac’s futures in flux 10 years after bailout
Bill Maloni’s GSE Blog: GSE Stuff, with a DJT connection
Monday September 10 2018
Update in Jacobs vs. FHFA: An audio recording of Friday’s oral argument before the Third Circuit is available here.
Credit Union Journal: This GSE plan may go nowhere, but it still matters
Market Watch: As conservatorship reaches 10th birthday, another overhaul proposal for Fannie and Freddie
Seeking Alpha: U.S. House takes a stab at Fannie-Freddie reform
Bloomberg: Fannie Mae & Freddie Mac Ten Years After the Financial Crisis (Video)
Bloomberg: 10 Years Later: The Bailout of Fannie & Freddie (Video)
Washington Post: A legacy of the financial crisis? The makings of the next one.
The Hill: Trump and Congress should turn their focus to Fannie and Freddie
Citizens Against Government Waste: GSE Uncertainty Continues to Put Taxpayers at Risk
Friday September 7 2018
New filing in Bhatti vs. FHFA, click here to view.
Peter Chapman writes, “The Bhatti Plaintiffs filed their opening brief in the Eighth Circuit this week. The Bhatti Plaintiffs ask the Court to rule that FHFA is unconstitutionally structured and to vacate the Net Worth Sweep. An addendum accompanies the brief, which may be found here.”
DS News: Are Reforms in the Cards for Fannie and Freddie?
American Enterprise Institute: Testimony: How a decade without GSE reform has once again put taxpayers at risk
Bloomberg: Fannie-Freddie Plan Unveiled as House Takes Fresh Stab at Reform
American Banker: Hensarling gives GSE reform another try
Housing Wire: Hensarling’s Hail Mary: Top Republican unveils sweeping bipartisan housing finance reform bill
ABA Banking Journal: Hensarling, Delaney Release Draft of Bipartisan GSE Reform Bill
Wall Street Journal: The Regrets of Lewis Ranieri
CNBC: Fannie and Freddie 10 years later
Market Place: Fannie Mae and Freddie Mac, 10 years after the bailout
RESPA News: NAR reflects on anniversary of Fannie, Freddie bailout
Scotsman Guide: GSE conservatorship hits a decade, and counting
National Law Review: Petitions for Rehearing En Banc Filed in Fifth Circuit Decision Finding FHFA Is Unconstitutionally Structured
Thursday September 6 2018
Wall Street Journal: Fannie and Freddie, Make Way for Ginnie Mae
CNBC: Decade after housing crash, Fannie Mae and Freddie Mac are Uncle Sam’s cash cows
The Daily Beast: The Federal Government Takes Control of Fannie Mae and Freddie Mac
Housing Wire: Trump administration set to dominate U.S. housing finance
Scotsman Guide: Lender group calls for action on GSE reform
Housing Wire: Top housing groups push Trump administration, Congress to enact permanent GSE reform
National Mortgage Professional: Trade Groups Make New Push on GSE Reform
Business Insider: Realtors® Reflect on Ten Year Anniversary of Conservatorship
Credit Union National Association: CUNA, trades call for ‘lock in’ of GSE reforms, add’l reforms
Brookings: Lessons from the financial crisis: The central importance of a sustainable, affordable and inclusive housing market
National Mortgage News: Treasury, FHFA chiefs are preparing for Freddie CEO’s exit
Reuters: Freddie Mac CEO to retire in second half of 2019
Wednesday September 5 2018
Washington Post: Commentary: 10 years after going into conservatorship, Fannie and Freddie need real reform
Tuesday September 4 2018
American Banker: Will federal control of Fannie and Freddie ever end?
The Hill: A fix for Fannie Mae and Freddie Mac already exists
10 Years After Henry Paulson’s Colossal Blunder