January 2019

Thursday January 31 2019

Associated Press: Investors Unite Teleconference: GSE Shareholder Litigation Update

American Banker: FHFA’s Otting gives Democratic leaders little detail on GSE plans

Bloomberg: Fannie-Freddie Regulator Now Welcomes Lawmaker Input on Revamp

Boston Agent Magazine: White House presses for changes at Fannie and Freddie

Housing Wire: White House walks back Otting comment on imminent GSE reform

Bloomberg Law: U.S. Mortgage Index Providers Prepare for Fannie-Freddie Launch

JD Supra: 9th Circuit: DU Does Not Make Fannie Mae a Consumer Reporting Agency

Market Watch: FHFA head offers olive branch to Congress on privatizing Fannie Mae, Freddie Mac

Wednesday January 30 2019

Investors Unite: GSE Shareholder Litigation Update Teleconference

Bill Maloni’s GSE Blog: It is the best of times, it is the worst of times…

The Wall Street Journal: Trump Won’t Act Alone to Get Fannie, Freddie Out of Government Control

Inside Mortgage Finance: Step 1 in GSE ‘Administrative’ Reform: Letting Fannie and Freddie Build Capital

Reuters: Trump expects Congress to help overhaul Fannie Mae, Freddie Mac

Bloomberg: Trump Administration to Unveil Fannie, Freddie Overhaul Soon

Market Watch: As Fannie-Freddie reform gets underway, here are the three big questions for the housing market

Washington Examiner: White House promises plan for Fannie and Freddie ‘shortly,’ won’t bypass Congress

Nasdaq: Trump expects Congress to help overhaul Fannie Mae, Freddie Mac

Street Insider: Freddie Mac (FMCC) Reports Resignation of Thomas M. Goldstein from Boar

Inside Mortgage Finance: Freddie MBS (Servicing) Grew Faster Than Fannie Sector in 2018

Prospect: The Trump Appointee Delivering a Jackpot for Hedge Funds

Dodd Frank Update: Dems give Otting ultimatum on GSE plans

The M Report: Crapo Puts Housing Finance Reform Front & Center

DS News: Crapo Focuses on Housing Finance Reform

American Banker: GSEs, data security top Senate Banking’s agenda

JD Supra: Subcommittee chairs announced by new House Financial Services Committee Chair

The Daily Signal: Maxine Waters Promises More Big Government in Her Financial Services Agenda

Tuesday January 29 2019

American Banker: What is Otting’s plan for GSE reform? It’s complicated

Housing Wire: Shares of Fannie, Freddie soar as Wall Street bets on GSE privatization

The Real Deal: Here’s why shares of Fannie and Freddie are up 170%

National Mortgage Professional Magazine:  Dems Question Otting’s Legitimacy to Head FHFA

Monday January 28 2019 

GlobeSt: GSEs’ Conservatorship May Be Nearing An End 

Las Cruces Sun News: Looking for a bargain? Try HUD

The Wall Street Journal: Popular Hedge Fund Bet on Fannie and Freddie Is Paying Off Big This Year

Bill Maloni’s GSE Blog: On GSE matters

Friday January 25 2019

Investors Unite: On Second Thought…Deep Skepticism at the 5th Circuit About the Net Worth Sweep

Wall Street Journal: Lawmakers Promise Fresh Push to Overhaul Housing Finance

Politico: White House plans to overhaul  housing finance system, top regulator says


Seeking Alpha: ‘Within Weeks’ – Fannie/Freddie Plan To Exit Conservatorship

Thursday January 24 2019

American Banker: Five House freshmen to watch on housing issues

Value Walk: John Paulson Talks Fannie Mae Reform

CrowdFund Insider: Congressman McHenry, Ranking Member on the House Finance Services Committee, Requests Series of Hearings – Including Fintech

Wednesday January 23 2019

Collins vs FHFA Update: Today’s oral argument in the Fifth Circuit before Judges Stewart, Jones, Smith, Dennis, Owen, Elrod, Southwick, Haynes, Graves, Higginson, Costa, Willett, Ho, Duncan, Engelhardt, and Oldham is available at this link.

David Thompson argued for the Collins Plaintiffs, Robert J. Katerberg argued on behalf of FHFA, and Hashim M. Mooppan appeared for Treasury.

Bloomberg: Waters Urged by GOP Lawmaker to Examine Brexit, Fannie-Freddie

Bloomberg: Fannie-Freddie Share Rallies Go Unchecked Amid Analysts’ Doubt

Mortgage News Daily: Big Changes at Fannie/Freddie, Is Conservatorship Nearing an End?

Motley Fool: Why Fannie and Freddie Mac Shares Are Soaring — Again

Tuesday January 22 2019

New filing in Collins vs FHFA, click here to view

Peter Chapman writes, “U.S. Senators Brown, Cortez Masto, Van Hollen and Warren and U.S. Representatives Waters, Clay, Cleaver, Green, Maloney, Meeks, Pelosi, Sherman, Vargus and Velazquez sought and obtained permission to file an amicus brief in the Fifth Circuit defending Congress’ choice about how to structure FHFA as it did and arguing that FHFA is constitutionally structured.”

New filing in Rop vs FHFA, click here to view

Peter Chapman writes, “FHFA advised Judge Maloney that Director Otting replaced Director Watt earlier this month; tells him FHFA will no longer defend the constitutionality of its structure, and encourage him to dismiss the Rop Plaintiffs’ complaint for all of the other reasons it’s articulated”

New filing in Bhatti vs FHFA, click here to view

FHFA advised the Eighth Circuit yesterday that Director Otting replaced Director Watt earlier this month; tells him FHFA will no longer defend the constitutionality of its structure; and encourages him to affirm the District Court’s decision dismissing the Bhatti Plaintiffs’ complaint.

Bloomberg: Fannie-Freddie Soar on FHFA Chief’s Conservatorship Comment

Fox Business: Trump officials working on plan to end Fannie Mae, Freddie Mac conservatorship

Housing Wire: Is GSE reform just weeks away?

Financial Times: Fannie and Freddie shares soar on privatisation talk

Breitbart: Report: Trump Administration Plans Jailbreak for Fannie and Freddie

Competitive Enterprise Institute: Agenda for the 116th Congress: Banking and Finance

Seeking Alpha: A plan for Fannie and Freddie coming soon?

RESPA News: NAR takes GSE reform fight to House

U.S. Government Accountability Office: Prolonged Conservatorships of Fannie Mae and Freddie Mac Prompt Need for Reform

Law 360: GAO Calls Fannie, Freddie Reform Proposals Shortsighted

Housing Wire: FHFA will not defend its constitutionality in court

Lexology: Acting Director Otting says FHFA structure is unconstitutional, will not defend before 5th Circuit

Friday January 18 2019

New filings in Collins vs FHFA, see below

Peter Chapman writes, “Professors Harold H. Bruff, Gillian E. Metzger, Peter M. Shane, Peter L. Strauss, and Paul R. Verkuil sought and obtained permission to submit an amicus brief to the Fifth Circuit in support of FHFA’s position that its structure is constitutional. Click here to view.

Public Citizen has also tendered an amicus brief to the Fifth Circuit supporting the constitutionality of FHFA’s structure. Click here to view.

American Banker: Latest GSE reform offers blueprint without Congress

Breitbart: Fannie and Freddie Shares Soar on Hopes of Hedge Fund Windfall

Pensions & Investments: Maxine Waters: House Financial Services’ priorities include financial stability, diversity

Thursday January 17 2019

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

Peter Chapman writes, “The Collins Plaintiffs delivered a proposed reply brief to the Fifth Circuit yesterday responding to FHFA and Treasury’s supplemental briefs”

ABA Banking Journal: Rep. Waters Outlines Priorities for Financial Services Committee

American Banker: FHFA will no longer defend agency’s constitutionality in court

Law 360: FHFA Won’t Defend Leadership Structure Before Full 5th Circ.

Wednesday January 16 2019

Seeking Alpha: GSE Stocks Moving On New FHFA Director Otting Comments

Tuesday January 15 2019

Forbes: Bipartisan Housing Finance Reform: A Blatant Giveaway To Special Interests

The Hill: Let’s not go back to the future in housing finance

Washington Post: Maxine Waters takes the reins of a powerful House committee. Wall Street is nervous.

Monday January 14 2019

Scotsman Guide: GSE reform could and should start now

Mortgage Media: Former FHA Commissioner: Reform Before Recapitalization

**Scroll down on Stevens’ Mortgage Media piece (above) to find comments from Gary Hindes

Friday January 11 2019

Scotsman Guide: Milken: FHFA should pave way for housing reform

Thursday January 10 2019

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

Peter Chapman writes, “FHFA advised the Fifth Circuit yesterday that Joseph Otting displaced Mel Watt as its Director this week so the case caption can be appropriately amended, and a copy of that letter is attached to this e-mail message. The Fifth Circuit has scheduled an en banc hearing for Wed., Jan. 23, 2019, in New Orleans and an audio recording should be freely available later that day.”

Mortgage Professional America: Report calls for stronger housing financing reform

The M Report: Reforming Flaws in the GSEs’ Charters

The Hill: Policy reforms at the Federal Housing Finance Agency can help the real estate market reach its potential

Politico: Ginnie Mae’s Bright abruptly resigns

Bloomberg: Key Ginnie Mae Official Quits to Join Industry Group, Source Says

Housing Wire: Michael Bright abruptly steps down from Ginnie Mae

Wednesday January 9 2019

Milken Institute: Milken Institute housing team calls for administrative reform to strengthen housing finance system, paving the way for legislative action

Market Watch: Here’s a Fannie-Freddie fix proposal that greases the skids for Congress

American Banker: Trump sends Calabria’s nomination as FHFA director to the Senate

Mortgage Professional America: Joseph Otting steps in as acting director of FHFA

The Motley Fool: Why Shares of Fannie Mae and Freddie Mac Jumped on Tuesday

Tuesday January 8 2019

Housing Wire: Watt out: OCC’s Otting officially takes over as FHFA director

Scotsman Guide: Trump’s FHFA director will shrink Fannie/Freddie

Seeking Alpha: Fannie Mae, Freddie Mac jump after Otting takes over at FHFA

Monday January 7 2019

Washington Post: The Fannie, Freddie ‘bailout’ was a stickup

Bloomberg: Maxine Waters Won’t Please Everyone, Even Some Fellow Democrats

Thursday January 3 2019

Bill Maloni’s GSE Blog: Could Steve and Louise be the next to leave DC???

DS News: Housing Finance in 2019

Financial Regulation News: Otting selected as acting FHFA director

Washington Post: What actions can policymakers take to avert the brewing national housing crisis?

Happy New Year!

Wednesday January 2 2019

American Banker: Plenty of smoke, but how much fire? Banking’s 2019 legislative agenda

Washington Post: Trump’s nominee to oversee Fannie Mae and Freddie Mac could provoke a needed discussion

Mortgage Professional America: Trump names interim FHFA head