|Friday September 30th 2016|
|New filing in the Fairholme case. Peter Chapman writes, “The parties delivered a Joint Status Report (Doc. 336) to Judge Sweeney this afternoon telling her what parts of her Sept. 20 Opinion they agree should be kept under seal.”|
|2nd filing in the Fairholme case, click here to view.|
|3rd filing in the Fairholme case, click here to view.
Peter Chapman writes, “Michael Sammons filed a Motion to Intervene in Fairholme v. U.S. and took some swipes at Judge Sweeney. In response, Judge Sweeney denied his motion. Copies of Mr. Sammons’ Motion and Judge Sweeney’s Order are (linked above).”
|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 filed their Replies this afternoon in support of their request to remand their lawsuit to Florida state court. In short, the Edwards Plaintiffs argue that HERA doesn’t insulate PwC from litigation and FHFA has no business interjecting itself into litigation to which it and the GSEs are not parties.”
|Berkowitz: Fairholme Turnaround? – Youtube
Bruce Berkowitz on Consuelo Mack Wealthtrack
|Exclusive: Fannie and Freddie Received Marching Orders from the FHFA: Have the Same G-Fees – Inside Mortgage Finance|
|Judge Orders Government to Produce More Documents In GSE Shareholder Case, Shows Signs of Annoyance – Inside Mortgage Finance
Subscription required for access.
|Does Heartland v NLRB Provide Clues for Perry Upcoming Decision? – ValuePlays|
|Toward a New Secondary Mortgage Market – Milken Institute
By Michael Bright and Ed DeMarco
|Ninth Circuit Holds that Fannie Mae and Freddie Mac Are Not Agents of the Government Under the False Claims Act – JD Supra|
|BRIEF-Freddie Mac to sell last STACR offering of 2016 – Reuters|
|Thursday September 29th 2016|
|Response to FHFA on Credit|
|Wednesday August 31st 2016|
|In the Robinson case, Peter Chapman writes, “The Clerk made a notation on the docket sheet today saying: ‘***FILE SUBMITTED TO CHAMBERS of Judge Caldwell for review’.”|
|New filing in the Saxton case, click here to view.
Peter Chapman writes, “The Saxton Plaintiffs expressed their disagreement with the significance and applicability of Judge Cacheris’ decision in Pagliara v. Freddie Mac in a filing delivered to Chief Judge Reade in Iowa this morning.”
|Fannie Mae: Mortgage Serious Delinquency rate declined in July, Lowest since May 2008 – Calculated Risk Blog|
|New Fitch Ratings for Fannie Mae’s CAS Notes – DS News|
|Here’s “clear evidence” the credit box is way too tight – HousingWire|
|Tuesday August 30th 2016|
|New filing in the Deloitte case, click here to view.
Peter Chapman writes, “FHFA delivered its Reply in support of its substitution request to Judge Scola yesterday. While the substitution request is now fully briefed, it won’t be considered until mid-October at the earliest as Judge Scola has indicated he will rule on the Shareholders’ Remand request first, and briefing about that topic won’t be completed until Oct. 12.”
|New filing in the Saxton case, click here to view.
Peter Chapman writes, “FHFA tendered a copy of Judge Cacheris’ decision in Pagliara v. Freddie Mac to Chief Judge Reade in Iowa this morning, telling her that this is new case law in support of the government’s motions to dismiss the Saxton Plaintiffs’ lawsuit.”
|New filing in the Robinson case, click here to view.
Peter Chapman writes, “FHFA tendered a copy of Judge Cacheris’ decision in Pagliara v. Freddie Mac to Chief Judge Caldwell in Kentucky this morning, telling her that this is new case law in support of the government’s motions to dismiss Ms. Robinson’s lawsuit.”
|Will the Urban Institute|
|Saturday April 30th 2016|
|Revolvers Beware: A Good Credit Score Might Not Be Enough For A Mortgage – Forbes|
|NO HELP Bank Meddling by feds may lead to bad outcome – Paducah Sun
Subscription required, but you can sort of read it without subscribing.
|The Big Short(sighted), a New Movie by Congressman Lynch – TownHall|
|Friday April 29th 2016|
|Dick Bove: Where will the mortgage money come from? – HousingWire|
|Freddie Mac may need another taxpayer bailout next week – MarketWatch|
|Freddie Mac Sets Release Date for First Quarter 2016 Financial Results – Market Wired
“The company will hold a conference call at 9:00 a.m. Eastern time (ET) on Tuesday, May 3, 2016, to discuss the company’s results…”
|Republicans Ready for GSE Reform? – REFinBlog|
|3 Companies Fighting Uncle Sam In Court (HAL, MSFT, FNMA) – InvestorPlace|
|Fannie Mae Monthly Summary March 2016 – fanniemae.com|
|A Year After Baltimore Protests, Racial Wealth Gap Remains at the Core of Economic Frustration – Huffington Post
“…there is still much that can be done, including additional reforms to Fannie Mae and Freddie Mac to allow them to rebuild capital and ensure they are serving communities of color”
|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.|
|3rd filing in the Pagliara v. Freddie Mac case, click here to view.
Peter Chapman writes, “FHFA’s lawyers from Arnold & Porter entered their appearances in the Eastern District of Virginia yesterday. Later today, FHFA and Freddie Mac should be filing their Reply in support of their request to stay Mr. Pagliara’s lawsuit.”
|4th filing in the Pagliara v. Freddie Mac case, click here to view.|
Peter Chapman writes, “FHFA and Freddie Mac filed their Reply today again arguing that
|Monday February 29th 2016|
|New filing in the Jacobs and Hindes case, click here to view.
Peter Chapman writes, “Timothy Howard encourage Judge Sleet to accept his Amicus Brief and allow the facts he relates to illuminate the absurdity of the limitless power FHFA and Treasury believe HERA granted to them. A copy of Mr. Howard’s filing is attached to this e-mail message.”
|New filing in the Saxton case, click here to view.|
|2nd filing in the Saxton case, click here to view.
Peter Chapman writes, “Magistrate Scoles approved FHFA and Treasury’s request to file their Motion to Reinstate a Stay of the Deadline to File an Administrative Record and a Brief in support of that request under seal and file a redacted version for public consumption. Following entry of that order, FHFA and Treasury filed the sealed and redacted versions of their Motion. FHFA and Treasury stick to their positions that no facts make any difference in this case because HERA insulates them from all shareholder litigation.”
|Treasury and its Allies Imprison Fannie and Freddie with Math That Doesn’t Add Up – Investors Unite
Same article from Valuewalk.
|Investigation of David H. Stevens for Possible Violations of Federal Ethics Law – Scribd
The official letter.
|Ethics Group Urges Inquiry of Mortgage Banking Lobbyist Who Led F.H.A. – NY Times
By Gretchen Morgenson
|Watchdog group demands investigation of MBA head – MPA|
|Freddie Mac and Fannie Mae Not Considered Government Agents Under the FCA – The FCA Insider|
|Fannie/Freddie Earnings Up in 2015 as More Earnings Come from MBS Guaranty Fees – Inside Mortgage Finance
|Fannie Mae Monthly Summary January 2016 – fanniemae.com|
|@JonAPrior tweets about the PLS market reboot – Twitter|
|@USTreasury tweets about the PLS market – Twitter|
|Mortgage-Bond Reform Proposal to Melt 8-Year Freeze Advances|