July 2017

Monday July 31st 2017
A Pattern of Deception – Howard on Mortgage Finance
A cautionary note for those intent on gutting GSEs – American Banker
Additional Government Documents Unsealed in GSE Shareholder Case – Inside Mortgage Finance
New Docs Support Fannie Mae and Freddie Mac Shareholders in Court – Infowars
Fannie Mae Announces Scheduled Release of Second Quarter 2017 Financial Results – fanniemae.com
“Fannie Mae today announced plans to report its second quarter 2017 financial results on Thursday morning, August 3, 2017, before the opening of U.S. financial markets.”
Sunday July 30th 2017
Michael Kimelman: How Obama committed “biggest theft in history” – Youtube
Amended Complaint Shows Government Lied To Public About GSEs – Seeking Alpha by Glen Bradford
Saturday July 29th 2017
Obama Looted Fannie Mae and Freddie Mac – American Thinker
Freddie Mac Announces Release Date for Second Quarter 2017 Financial Results – freddiemac.com
2Q results will be released on Tuesday, August 1st.
High Court Bid Planned by Fannie/Freddie Investors – cftn.news
Subscription required for full access.
H.R.3556 – To require Fannie Mae and Freddie Mac to engage in credit risk transfer transactions, and for other purposes – congress.gov
05/18/2017 – Sen. Corker makes his ’75 days’ comment to Treasury Secretary Mnuchin – C-SPAN (Video)
Friday July 28th 2017
New Documents Give Hope to Fannie Shareholders Seeking Redress – Bloomberg
Fannie And Freddie Investors Hope New Unsealed Court Documents Are The Smoking Gun They Need – benzinga.com
Mnuchin Mum on Trump Administration’s Plans for GSE Reform at Hearing – Inside Mortgage Finance
Fannie, Freddie reformer Rep. John Delaney running for president in 2020 – HousingWire
Obama’s “bailout” ripoff, PLUS: Our proud British past (Mike Kimelman, Kevin Donnelly) – therebel.media
This appears to be a podcast that you have to subscribe to. Concerning the GSEs, they state “Nobody is
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June 2017

Friday June 30th 2017
New filing in the Fairholme case, click here to view.
Peter Chapman writes, “The parties delivered their status report to Judge Sweeney this afternoon. Unless Fairholme finds it necessary to file another motion to compel, the parties anticipate that discovery will draw to a close by Mon., Aug. 3, 2017.”
9 Years Later: Addressing The Housing Finance Conundrum – Seeking Alpha
Coalition renews pitch to recapitalize GSEs – Scotsman Guide
Fannie and Freddie face fragmentation – mpamag.com
Thursday June 29th 2017
Principles of Housing Finance Reform – senate.gov
Housing finance system needs updates, not overhaul – American Banker
Securities-Level Backstop Threatens Taxpayer Protection – Morning Consult
Op-Ed: To reform the housing market, get rid of these two bloated behemoths – CNBC
Fannie Mae Should Rethink Its Plans to Expand Role in Housing Finance Sector – The Daily Signal
Senate Opens Legislative Season On Fannie And Freddie Ignoring Theft Of Shareholder Value – Infowars
Senate committee takes first steps in making GSE reform a key priority – HousingWire
Short Takes: Sen. Crapo: Recap & Release is Not a Solution / MBA Chimes In as Well… – Inside Mortgage Finance
House Panel May Take Up GSE Reform After All – Inside Mortgage Finance
Bob Corker: Fannie Mae and Freddie Mac can be reformed this year
FHFA Proposes 2018-2020 Housing Goals For Fannie Mae and Freddie Mac – fhfa.gov
FHFA proposes new housing goals for Fannie, Freddie – HousingWire
Federal agency holds closed-door meeting about single-family rentals – revealnews.org
Opinion GSE reform done right ensures a level playing field for all – National Mortgage News
GSE Status Quo No Longer an Option – The MReport
GSE reform rises again – Scotsman Guide
Senator Sees ‘Consolidation’ on GSE Overhaul Principles – Morning Consult
Letter: 30-year fixed mortgage provided stability and
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May 2017

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
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April 2017

Sunday April 30th 2017
Rep. Hensarling on tornado recovery, GOP legislation – Fox News Video
GSE talk at 6:23.
Media Advisory: ICBA Capital Summit May 1 – 3 – icba.org
Rep. Jeb Hensarling is scheduled to speak on May 2nd and Treasury Secretary Steven Mnuchin on May 3rd.
Friday April 28th 2017
New filing in the Roberts case, click here to view.
Peter Chapman writes, “The Roberts Plaintiffs delivered a Notice of Appeal to the District Court in Chicago yesterday. The U.S. Court of Appeals for the Seventh Circuit, in turn, received and docketed the appeal and assigned No. 17-1880 to it.”
New filing in the Robinson case, click here to view.
Peter Chapman writes, “Because Treasury’s lawyer, Mark Stern, will be on vacation from July 31 through Aug. 18, the government is asking the Sixth Circuit to schedule oral argument after Aug. 18.”
New filing in the Fairholme case, click here to view.
Peter Chapman writes, “Judge Sweeny doesn’t want to hear anything more from Mr. Sammons in Fairholme v. U.S. or in any other case pending before the U.S. Court of Federal Claims, and she entered an order to that effect today.”
H.R. 1694 Legislation Passes And Can Be A Game Changer For Fannie And Freddie – Seeking Alpha
Freddie Mac Announces Release Date for First Quarter 2017 Financial Results – otcmarkets.com
“Freddie Mac announced today that it plans to report its first quarter 2017 financial results before the U.S. financial markets open on Tuesday, May 2, 2017.”
Paulson Merger Arbitrage Fund Posts Loss… Again – Hopes For GSE Investments To Turn That Around – ValueWalk
Man Trump Named to Fix Mortgage Markets Figured in Infamous Financial Crisis Episode – Rolling Stone
Why Shoring Up Fannie and Freddie Would Hurt the Housing Market – The Daily Signal
As
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March 2017

Friday March 31st 2017
New filing in the Pagliara v. Fannie Mae case, click here to view.
Peter Chapman writes, “FHFA’s lawyers at Richards & Layton entered their appearance today in the Delaware Chancery Court.”
New filing in the Perry case, click here to view.
Peter Chapman writes, “The Class Plaintiffs want the three-judge panel in D.C. to modify its ruling in Perry v. Mnuchin to make it clear that “[t]he relevant expectations for the breach of implied covenant claims are the expectations of the shareholders who purchased preferred or common shares in the Enterprises when those shares were issued, not the subsequent expectations of shareholders who purchased shares in the secondary market.” A copy of the Class Plaintiffs’ rehearing petition is (linked above).
That fallacious attempt to discriminate among GSE shareholders based on the dates they purchased their shares is also buried in our government’s supplemental motion to dismiss posted at https://gselinks.com/Court_Filings/Fairholme/13-465-0161.pdf delivered to Judge Sweeney on June 8, 2015. Briefing on that narrow topic was stayed in accordance with Judge Sweeney’s order posted at https://gselinks.com/Court_Filings/Fairholme/13-465-0240.pdf entered on Sept. 9, 2015.”
Time to Fix Fannie and Freddie – The Weekly Standard
The Next Move on Fannie and Freddie Won’t Come from Capitol Hill – Investors Unite
Daily Treasury Statement – fms.treas.gov
The Daily Treasury Statement will show if the GSE dividend payment has been made.
According to this table from the FHFA, the payment was made, or is scheduled to be made, on 3/31/2017.
PHH to Lose CEO; Fannie/Freddie Changes–Their Future Remains Uncertain – Mortgage News Daily
Fannie, Freddie may write down $21 billion due to U.S. tax cut: BMO – Reuters
What We’re Hearing: Uncle Sam’s Cash Cow: Mortgages / Time to Kill the GSE CRT Deals? / Should a Conservator Conserve?… – Inside Mortgage Finance
Fannie
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February 2017

Tuesday February 28th 2017
New filing in the Collins case, click here to view.
2nd filing in the Collins case, click here to view.
Peter Chapman writes, “FHFA and Treasury delivered their replies in support of their motions to dismiss the Collins Plaintiffs’ complaint to Judge Atlas. Congress, FHFA says, made it clear that the agency is insulated from lawsuits and there are no exceptions applicable to GSE shareholders. Treasury maintains its position that Judge Atlas has no jurisdiction to entertain the Collins Plaintiffs’ complaint and it should be dismissed.”
New filing in the Saxton case, click here to view.
Peter Chapman writes, “Judge Reade entered an order this morning advising FHFA and Treasury’s lawyers that their local lawyers in Cedar Rapids are not required to attend the hearing on Mar. 23.”
Deferred Reform, and Deferred Taxes – Howard on Mortgage Finance
An Ugly Editorial from the Washington Post – Investors Unite
Lawsuit: Obama Robbed Private Investors To Fund Obamacare – Infowars
QuickTake: The Future of Fannie Mae and Freddie Mac – Bloomberg
Picking up a Head of Steam: Congressional Interest in GSE Reform? – Inside Mortgage Finance
Fannie and Freddie Keep Lending in 2017 – National Real Estate Investor
Obamacare Robs from Fannie and Freddie to Stay Afloat – Youtube
Fannie-Freddie bailout looms over White House – Politico
Fannie Mae Monthly Summary January 2017 – fanniemae.com
Monday February 27th 2017
New filing in the Collins case, click here to view.
Peter Chapman writes, “Judge Atlas entered an order today directing the parties to file a Joint Discovery and Case Management Plan by Apr. 10, 2017, and summoning the parties to her courtroom for a get-together on Apr. 17.”
2nd filing in the Collins case, click here to view.
3rd filing in the Collins case, click here to view.
Peter
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January 2017

Tuesday January 31st 2017
New filing in the Perry case, click here to view.
Peter Chapman writes, “Fairholme’s lawyers alerted the D.C. Circuit to the Federal Circuit’s decision upholding most of Judge Sweeney’s discovery-related rulings. Fairholme tells the D.C. Circuit that it is now obvious that the administrative record on which Judge Lamberth based his opinion dismissing the District Court litigation was incomplete.”
New filing in the Fairholme case, click here to view.
Peter Chapman writes, “Judge Sweeney entered an order this afternoon confirming that the government can withhold production of eight of the 56 allegedly privileged documents she reviewed in her chambers at Fairholme’s request. A copy of Judge Sweeney’s order entered this afternoon is (linked above). A chart identifying the eight secret documents and the 48 documents the government needs to provide to Fairholme’s lawyers is (linked here).”
2nd filing in the Fairholme case, click here to view.
Peter Chapman writes, “Judge Sweeney entered a second order today directing the parties to file a joint status report on or before Mon., Feb. 21, 2017 (which is a non-existent date, but why quibble?) how they want to proceed to complete jurisdictional discovery and briefing of the government’s motion to dismiss.”
In the Fairholme case, Peter Chapman notes, “According to Judge Sweeney’s order (Doc. 351) dated Dec. 13, 2016, the government is scheduled to provide its explanation about why it shouldn’t be required to pay Fairholme’s legal fees required to obtain access to the 48 documents that the Federal Circuit said yesterday aren’t privileged by Mon., Feb. 20.”
New filing in the Pagliara v. Fannie Mae case, click here to view.
Peter Chapman writes, “FHFA sent Judge Sleet a letter this afternoon telling him that the U.S. Supreme Court’s decision in Lightfoot v. Cendant is irrelevant.”
New
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December 2016

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 –
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November 2016

Wednesday November 30th 2016
New filing in the Collins case, click here to view.
Peter Chapman writes, “Judge Atlas entered an order this afternoon welcoming Mr. Zimpleman to her court.”
Wilbur Ross: TPP is not going to happen – Fox Business Video
Start at 04:55. “We’ve got to get Fannie and Freddie out of government ownership. It makes no sense that these are owned by the government and have been controlled by the government for as long as they have.”
– Steven Mnuchin
Watch Trump’s picks for Treasury and Commerce explain their plans – CNBC Video
Fannie, Freddie need to get out of government ownership: Mnuchin – Reuters
Fannie and Freddie Should Exit Government Grip, Mnuchin Says – Bloomberg
Fannie Mae And Freddie Mac May Be Privatized By Incoming Treasury Secretary Mnuchin – Forbes
Incoming Treasury Chief Mnuchin: Resolving Fannie and Freddie a Top Priority. Share Prices Soar! – Inside Mortgage Finance
Why Fannie Mae and Freddie Mac Are Soaring by 30% Today – The Motley Fool
Trump Treasury pick: Fannie Mae and Freddie Mac will be privatized – HousingWire
Fannie and Freddie: Maybe This Time it’s Different – TalkMarkets
What’s the Future for Fannie and Freddie? – Bloomberg Video
Featuring Chris Whalen and Josh Rosner
Trump Makes Fannie Mae And Freddie Mac Shareholders Great Again – Valuewalk
Next Treasury Sec promises tax cuts, roll-back of Dodd-Frank, getting out of GSEs – Seeking Alpha
FNMA – jetpacks engaged – Reddit
Why are FNMA and FMCC booming so much right now? – Reddit
What Fannie Mae And Freddie Mac Do, And Why The Government Helps Them Do It – Benzinga
What Treasury Nominee Steven Mnuchin Means for the Mortgage Market – WSJ
Fannie, Freddie surge as Treasury-pick Mnuchin advocates their release from government control – MarketWatch
Mnuchin wants U.S. to sell
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October 2016

Monday October 31st 2016
New filing in the PricewaterhouseCoopers case, click here to view.
Peter Chapman writes, “Judge Moreno entered a final order dismissing this case on the terms specified in yesterday’s stipulation.”
Further Stalling on Fannie and Freddie Discovery – Forbes
By Richard Epstein
The Past, Present And Future Of Fannie And Freddie: Financial Crisis, Appeals And Restructured Future – Seeking Alpha by Wayne Olson
Agency MSR Transfer Market Gained Speed in 3Q16 – Inside Mortgage Finance
Short Takes: Trouble Ahead for the GSEs, Warns Former Audit Committee Director / A $3 Billion Capital Buffer Should Do the Trick – Inside Mortgage Finance
Conservative Think Tank Supports CFO Golden Parachute Appeal – Inside Mortgage Finance
Fannie mae – Should government intervene in the housing market? – Valuewalk
Fannie Mae’s Mortgage Portfolio Is Back to Contracting – DS News
Sunday October 30th 2016
New filing in the PricewaterhouseCoopers case, click here to view.
2nd filing in the PricewaterhouseCoopers case, click here to view.
Peter Chapman writes, “The Edwards Plaintiffs, PwC and FHFA entered into a stipulated voluntary dismissal of this litigation today. As part of that negotiated settlement, FHFA withdrew its motions for reconsideration and to compel production of a copy of the settlement agreement today. There’s no telling what happened behind the scenes to make this happen. The easiest thing for Judge Moreno do to is to accept the filings as presented and close this case.”
Happy Halloween, Nice Mask! Oh, you’re not wearing one? – Bill Maloni’s GSE Blog
Saturday October 29th 2016
New Business Soars at Fannie Mae – Mortgage Daily
Subscription required for full access.
Friday October 28th 2016
New filing in the Fairholme case, click here to view.
Peter Chapman writes, “The government delivered the praecipe to Judge Sweeney today to let her know that
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