August 2019 - GSE Links

Peter Chapman writes, “In a reply delivered to Judge Lamberth yesterday, Fairholme reminds the court “Treasury [has a] starring role in matters concerning the Net Worth Sweep,” the subpoena is designed to avoid production of documents previously produced, and Treasury’s conclusory parroting of discovery-related buzzwords — rather than sharing facts — fails to demonstrate any undue burden. ”

Housing Wire: Add another 6 months to Fannie, Freddie recap and release timeline

JD Supra: FHFA Publishes Final Rule on Validation and Approval of Credit Score Models

Bill Maloni’s GSE Blog: And the GSE Beat (and Heat) Goes On

August 19 2019

Business Insider: New FHFA rules are forcing Fannie Mae and Freddie Mac to consider alternative data for creditworthiness

DS News: FHFA Shares Fannie, Freddie Stress Tests Results

DS News: The Power of Regulators and Regulations

August 16 2019

Financial Regulation News: FHFA approves final rule allowing GSE’s to use third-party credit score models

August 14 2019

National Mortgage News: Reform plan shouldn’t lead to GSE ratings cut in the near term: Fitch

Wall Street Journal: Fannie, Freddie to Consider Alternatives to FICO Scores

Housing Wire: FHFA flip-flops, won’t blacklist VantageScore as FICO alternative for Fannie and Freddie

August 13 2019

Real Clear Markets: If You Believe In Dodd-Frank, You Can’t Also Believe In Fannie, Freddie

August 12 2019

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

Peter Chapman writes, “Treasury responded to Fairholme’s motion to compel today, and tells Judge Lamberth Fairholme’s request should be denied. Treasury suggests Fairholme get documents it wants about communications between Treasury and FHFA from FHFA and then let Treasury know if something appears to be missing. Treasury stresses it is no longer a party to this action and that none of Fairholme’s claims and causes of action against Treasury have survived in any court to date. Treasury tells Judge Lamberth the burden Fairholme wants to impose is undue and disproportionate. ”

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

Peter Chapman writes, “Judge Alejandro placed her stamp of approval on the parties’ stiulation substituting Director Calabria for Acting Director Otting”

American Banker: 6 banking questions for the next Democratic debate

Housing Wire: Urban Institute: Launch of FHFA’s single security was “flawless”

August 9 2019

Seeking Alpha: Fannie and Freddie Treasury Plan Means 50% Gains in 45 Days

August 8 2019

The Hill: Fannie Mae and Freddie Mac need to be labeled as systemically important

Housing Wire: Former Freddie Mac CEO Donald Layton: Trump’s Treasury says GSE reform has “mostly happened”

August 7 2019

Yahoo Finance: Bruce Berkowitz Comments on Fannie Mae

August 6 2019

DS News: The Long-Term Impact of the Uniform Mortgage-Backed Security

Yahoo Finance: Milliman launches new index to measure the risk of default for government-backed mortgages