May 2019

May 24 2019

New filing in Fannie/Freddie Consolidated Class Action, click here to view

Peter Chapman writes, “Judge Lamberth signed off on the parties’ scheduling order directing:

— discovery to wrap up by July 15, 2019;

— class certification and other pre-trial briefing to conclude by Dec. 31, 2019; and

— a trial on the shareholders’ contract claims to begin on Nov. 19, 2020

Reuters: U.S. govt could stagger Fannie, Freddie privatization

American Banker: Give Fannie, Freddie the same capital standards as everybody else

American Banker: Should Fannie, Freddie be labeled ‘systemically important’?

Seeking Alpha: FHFA’s Calabria Says Common Will Continue To Trade

Bill Maloni’s GSE Blog: There still are GSE damage seekers; plus Don Layton stayed too long

May 23 2019

Chicago Agent Magazine: The view from D.C.

National Mortgage News: Will housing issues be a focus of 2020 race?

May 22 2019

Market Watch: Fannie, Freddie shareholder payout is part of the reform discussion, regulator says in surprise move

Bloomberg: Freddie Mac CEO Casts Doubt on Joint $125 Billion Fannie Funding

Reuters: Freddie’s Layton: Privatization likely to take several years to complete

American Banker: Freddie CEO casts doubt on FHFA capital plan

Seeking Alpha: FHFA and Treasury Dept. are talking Frannie privatization

DS News: FHFA Director Mark Calabria’s Plan for Conservatorship

May 21 2019

Reuters: Fannie, Freddie need to raise capital before privatization: FHFA’s Calabria

Housing Wire: Calabria: Ending the net worth sweep is step one of GSE reform, IPOs are an option

National Mortgage News: Private capital seeks to step up its game as GSE reform gains momentum

Housing Wire: Trump: “Many geniuses” are working to end government control of Fannie and Freddie

ABA Banking Journal: Calabria Charts Path Forward for Fannie, Freddie

Mortgage Professional America: Trump says there’s ‘urgent’ need to free Fannie, Freddie from conservatorship

National Mortgage Professional: FHFA’s Calabria Urges Action on GSE Reform

National Mortgage Professional: MBA’s Broeksmit Seeks Increased Action on Housing Policy Changes

Bill Maloni’s GSE Blog: GSE Wishes and Curses

May 20 2019

National Association of Realtors: President Trump Addresses Realtors® at NAR’s Annual Legislative Meetings

Bloomberg: Trump Says Freeing Fannie-Freddie From U.S. Control Is ‘Urgent’

Reuters: Trump says looking at alternatives to Fannie Mae, Freddie Mac

National Mortgage News: Trump calls Fannie, Freddie a ‘pretty urgent problem’

ABA Banking Journal: Calabria to Seek Congressional Authority as FHFA Eyes End to GSE Conservatorship

Seeking Alpha: Treasury’s Phillips Says GSEs Have Paid Back Taxpayers

May 17 2019

New filing in Fannie/Freddie Consolidated Class Action, click here to view

Peter Chapman writes, “Judge Lamberth entered an order today denying FHFA, Fannie and Freddie’s request that he reconsider his not decision that preserved shareholders’ contractual claims.  Judge Lamberth declined FHFA and the GSEs’ invitation.  Accordingly, shareholders’ implied covenant breach claims will not be dismissed and will proceed to trial.”

Bloomberg: Letter to the Editor: re: How About Leaving Fannie Mae and Freddie Mac Alone?

Letter by Tim Pagliara, Chairman and Chief Investment Officer, Capwealth Advisors & Executive Director of Investors Unite published as lead comment by Bloomberg in comments section (scroll down and expand comments)

New York Times: Treasury Official Hired to Fix Fannie and Freddie Is Leaving

Wall Street Journal: Top Treasury Department Official to Depart

Politico: Treasury’s Phillips suggests reconsideration of Fannie-Freddie affordability goals

Bloomberg Law: Trump’s Architect of Wall Street Deregulation to Leave Treasury

American Banker: Treasury’s point man on GSE reform stepping down

Bill Maloni’s GSE Blog: Waiting for the Fifth Circuit and Goodbye Craig Phillips

May 16 2019

National Mortgage Professional: New FHFA Director Speaks to Realtors® on Fannie Mae, Freddie Mac Reform

The M Report: Industry Reacts: Lawmakers Introduce Guaranteed Fee Bill

STL News: Realtors® Applaud Sens. Perdue, Menendez for Introducing Bill Addressing G-Fee Issues

May 15 2019

Politico: Calabria says he has power to end government control of Fannie, Freddie

 Bloomberg Opinion: Liquidate Fannie and Freddie

Roll Call: FHFA head sees plan this year to change Fannie, Freddie status

National Mortgage News: Fannie, Freddie need strong capital position to exit conservatorship: FHFA chief

American Enterprise Institute: A great choice by the Federal Housing Finance Agency

American Banker: Bill would prevent Congress from using g-fees as budget tool

May 14 2019

Financial Times: Fannie and Freddie unlikely to be privatised, says US lawmaker

Seeking Alpha: Frannie privatization unlikely, says Sherrod Brown – FT

Housing Wire:  FHFA hires three new senior advisors as Calabria assembles hard-hitting team

DS News: Fannie Mae, Freddie Mac, and the QM Patch

Bill Maloni’s GSE Blog: GSE Cats and Dogs, GOT, and the Dire Wolf

May 13 2019

Wall Street Journal: Fannie and Freddie Back More Mortgages of Those Deeply in Debt

Fox Business: Fannie, Freddie IPO could come in 2020: FHFA Mark Calabria

Housing Wire: Fox reports Fannie, Freddie IPO could come in 2020: FHFA’s Mark Calabria

May 10 2019

Seeking Alpha: FHFA’s Calabria: Fannie And Freddie IPO As Soon As 2020

American Enterprise Institute: The looming threats from today’s “improved” mortgage manufacturing process

Commercial Observer: Last Call: Freddie Mac CEO Donald Layton on His Final Earnings Announcement

May 9 2019

Bloomberg: Fannie-Freddie May Be Freed Without Congress, Calabria Says

Housing Wire: FHFA head says Fannie Mae and Freddie Mac can be released without Congressional consent

Seeking Alpha: FHFA may not need Congress to free Fannie, Freddie – Bloomberg

May 8 2019

New filing in Angel vs. Fannie Mae, et al., click here to view.

Peter Chapman writes, “Mr. Angel delivered his reply in support of his motion for reconsideration to Judge Lamberth this week”

Mortgage Professional America: FHFA adds to its roster of advisors

May 7 2019

New filing in Fairholme vs. U.S., click here to view

Peter Chapman writes, “The government delivered its reply in support of its motion to dismiss to Judge Sweeney yesterday together with the cross-referencing document she previously requested.”

Bloomberg: How About Leaving Fannie Mae and Freddie Mac Alone?

Housing Wire: Meghan Patenaude and Christopher Bosland join FHFA

May 6 2019

Bill Maloni’s GSE Blog: “You first Mr. Secretary; no, You go first your honors”

May 3 2019

Fox Business: Trump’s Fannie Mae and Freddie Mac reform agenda will develop over two years: Eric Kaplan (Video)

Mortgage News Daily: Strong Fannie/Freddie Earnings Mean Another $4.1 Billion for Taxpayers

May 2 2019

National Mortgage News: Can we privatize Fannie Mae and Freddie Mac? Really?

National Mortgage News: Freddie Mac stays focused on finances as GSE reform looms: Layton

Housing Wire: Fannie Mae net income retreats to $2.4B in Q1

The M Report: Fannie Mae and Freddie Mac Release Q1 Financial Results

National Mortgage Professional: GSEs Post Q1 Results

May 1 2019

Housing Wire: HOT or NOT May: What’s trending in housing right now

Fannie Mae: Fannie Mae Reports Net Income of $2.4 Billion and Comprehensive Income of $2.4 Billion for First Quarter 2019

Seeking Alpha: Fannie Mae to sweep $2.4B to Treasury

Freddie Mac: Freddie Mac Reports Net Income of $1.4 Billion and Comprehensive Income of $1.7 Billion for First Quarter 2019

The Hill: New bill would restrict Fannie Mae and Freddie Mac from lobbying