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
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
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
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’
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
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
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
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
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
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
Seeking Alpha: Fannie Mae to sweep $2.4B to Treasury
The Hill: New bill would restrict Fannie Mae and Freddie Mac from lobbying