(313) 928-6064

Thursday October 18 2018

American Banker: Hensarling’s last stand: More reg relief and fixing the GSEs (Podcast)

Wednesday October 17 2018

Congressional Budget Office: Accounting for Fannie Mae and Freddie Mac in the Federal Budget (September 2018)

National Mortgage News: Outgoing Fannie Mae, Freddie Mac CEOs take victory lap at MBA Annual

647-380-8429

Tuesday October 16 2018

New filing in Fannie/Freddie Consolidated Class Action, (801) 368-6857.

Peter Chapman writes, “FHFA, Fannie and Freddie want Judge Lamberth to reconsider his Sept. 28 Opinion because the legal logic he used to dismiss one set of contract claims wasn’t applied consistently to conclude that all contract-based claims should be dismissed.”

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

Peter Chapman writes, “Judge McConnell entered an order this morning denying FHFA’s request to permit an interlocutory appeal of his Aug. 2 decision to the First Circuit saying that FHFA is a government actor when looking at Fifth Amendment due process claims”

Housing Wire: Mnuchin’s top housing advisor says GSE charters should be removed

Scotsman Guide: Blog: MBA convention kicks off in the nation’s capital

Mortgage News Daily: New MBA President Puts Regulatory Reform at Top of Wish List

Bill Maloni’s GSE Blog: Oh Really DoJ, FHFA is not part of the federal government?

Monday October 15 2018

New filing in Fannie/Freddie Consolidated Class Action, 5409653298.

Peter Chapman writes, “Judge Lamberth placed his stamp of approval on the parties’ scheduling request.  FHFA, Fannie and Freddie’s answers to the litigating shareholders’ complaints are due by Dec. 11, 2018.”

American Banker: An uncompromising Jeb Hensarling is not sorry

Benzinga: C-Suite Shakeups Could Change The Course Of Fannie And Freddie’s Conservatorship

Wall Street Journal: Fannie Mae’s Comeback Read More

September 2018

Friday September 28 2018

Inside Sources: Finding a Fix for Fannie and Freddie

Morning Consult: Taking the First Steps to GSE Reform

Market Insider: MGIC Comments on Revised GSE Private Mortgage Insurer Eligibility Requirements

The Wall Street Journal: Mel Watt and Accuser Address Charges in Hearing

Thursday September 27 2018

Washington Post: As the world watches Kavanaugh Senate hearing, the House hears another #MeToo story

Politico: Thursday’s other #MeToo hearing on Capitol Hill

Wednesday September 26 2018

National Mortgage News: 5 questions as lawmakers set to probe FHFA, GSE scandals

4436099098

Tuesday September 25 2018

(215) 314-4501

619-275-9987

Monday September 24 2018

343-533-4196

306-991-4350

Friday September 21 2018

7078448265

DS News: Addressing Manufactured Home Misconceptions

Thursday September 20 2018

Mondaq: Should Mortgage Loan Servicers Be Subject To Safety And Soundness Standards?

National Mortgage News: There’s no room for REITs, captive insurers at Home Loan Banks

Wednesday September 19 2018

628-229-0382

Market Watch: Employee wants Senate hearing to discuss sexual misconduct allegation made against FHFA’s Watt

Tuesday September 18 2018

(727) 327-0477

6023553669

Monday Read More

650-995-6660

Friday August 31 2018

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

Peter Chapman writes, “FHFA filed a rehearing petition in the Fifth Circuit yesterday asking a larger panel of judges to take another look at whether the Collins Plaintiffs have Article III standing to bring their separation-of-powers claim and whether FHFA’s structure violates Article II of the Constitution.”

New filing in Cacciapalle vs. U.S., 205-440-3818

Peter Chapman writes, “Judge Sweeney placed her stamp of approval on the parties’ request to delay briefing on class certification.”

New filing in Fairholme vs. U.S., 303-570-6663

Peter Chapman writes, “The government responded to Fairholme’s request. The government wants Judge Sweeney to bring an end to the filing of amended complaints and asks her to set Sept. 12 as that deadline.  The government says it will file a fresh omnibus motion to dismiss amended complaints filed on or before Sept. 12 by Oct. 1.  Fairholme, in turn, respond by Oct. 23, and the government will file its reply by Jan. 22.”

Thursday August 30 2018

New filing in Jacobs vs. FHFA, 5866687493

Peter Chapman writes, “FHFA notified the Third Circuit about the Saxton decision in a letter dated yesterday.”

New filing in Cacciapalle vs. U.S., (970) 862-1120

Peter Chapman writes, “The parties want Judge Sweeney to place her stamp of approval on their agreement to delay further briefing about class certification until after she’s ruled on the government’s omnibus motion to dismiss.”

6505569863

Wall Street Journal: Banks Looking for Growth Not Helped by Housing

Wednesday August 29 2018

(336) 659-0004

Tuesday August 28 2018

American Banker: GSE reform could increase costs to 7045870059

July 2018

Tuesday July 31 2018

New filing in Fairholme vs. U.S., (580) 804-0976.

Peter Chapman writes, “Judge Sweeney placed her stamp of approval on the government’s request to file an 85-page omnibus motion to dismiss.”

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Washington Examiner: Fannie and Freddie get frisky, drawing congressional criticism

Fannie Mae: Fannie Mae Announces Scheduled Release of Second Quarter 2018 Financial Results

9498743916

Monday July 30 2018

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

Peter Chapman writes, “In anticipation of filing its omnibus motion to dismiss the dozen cases pending in the U.S. Court of Federal Claims next week, the government is asking Judge Sweeney for permission to file an 85-page document that will exceed the 40-page default rule imposed by the court in run-of-the-mill cases.  Our government notes that if it were to file twelve separate motions to dismiss, rather than one omnibus motion, it would be entitled to drop up to 480 pages on Judge Sweeney’s desk.”

JD Supra: Qualified mortgages: The uncertain future of the GSE patch

Bloomberg: Mortgage Trade Volume May Increase Regardless of FHFA Reform

New York Times: Housing Finance Director, Mel Watt, Investigated for Sexual Harassment

Washington Post: Federal housing finance chief faces sexual harassment investigation

CBS News: FHFA Director Mel Watt under investigation for alleged sexual harassment

The Hill: Housing regulator Watt under investigation for alleged sexual harassment

(514) 556-8445

Market Watch: Fannie, Freddie regulator head accused of sexual harassment

Yahoo! Finance: The housing market is slowing down, and that’s a bad sign for the economy

Friday July 27 2018

866-445-5182

American Banker: Seven contenders to become 9547557136

June 2018

Thursday June 14th 2018
Good news everyone. I have found someone to take over gselinks. This site will continue to be a source for daily GSE news. Check back next week for more.
Monday June 11th 2018
Bad news everyone, this is going to be the last daily update. I find myself with less and less time each day to run the site. Thanks for visiting and in the end I know the truth will prevail.
Follow @DoNotLose for the court filings.
801-328-5534
Freddie Mac Announces Securitization of Reperforming Loans – DS News
Affordable Housing vs. GSE Reform – The MReport
Sunday June 10th 2018
Back and rested; point me toward the bad guys! – Bill Maloni’s GSE Blog
Friday June 8th 2018
4153950656
Fannie Mae: Change in Mortgage Market ‘Remarkable’ and ‘Intense’ – biglawbusiness.com
Thursday June 7th 2018
New filing in the Angel case, 3016563935
Peter Chapman writes, “Fannie, Freddie and FHFA have asked the Court to extend their time to file a motion to dismiss Mr. Angel’s lawsuit to July 12, 2018.”
Peter Chapman writes further, “Judge Boasberg entered a paperless order this morning directing Mr. Angel to file any objection by June 11, 2018.”
(905) 696-0728
Jerome Corsi discusses the Net Worth Sweep.
Wednesday June 6th 2018
(904) 406-7163
208-682-2771
8445664337
Tuesday June 5th 2018
315-772-5981
(916) 446-1407

May 2018

Thursday May 31st 2018
The Government Creates Another Housing Bubble – The Wall Street Journal
Subscription required for access.
Washington Post: Fannie and Freddie will soon offer modern mortgages for the gig economy – HousingWire
Owning a home important in the Valley; that’s why I voted for this act – mercedsunstar.com
“In Congress, I have opposed loan limit reductions which would make it harder for Californians to get mortgages. I supported federal housing finance reform that winds down Freddie Mac and Fannie Mae while maintaining an explicit federal guarantee to create stability in the housing market.” By Jim Costa
Wednesday May 30th 2018
New filing in the Jacobs and Hindes case, click here to view.
The Beat Goes On: GSE Credit Scores Much Higher Than on Ginnie Product – Inside Mortgage Finance
Tuesday May 29th 2018
Putting The Real H In HUD – American Action Forum
Short Takes: All FHFA Wants is Parity… – Inside Mortgage Finance
Fannie, Freddie want to make mortgages easier for gig-economy workers – Miami Herald
9025627767
(256) 406-7831
Rescission Package Threatens Promise of the Capital Magnet Fund – novoco.com
Friday May 25th 2018
(661) 584-0383
Jerome Corsi Live Stream – Friday, May 25, 2018 – update current events – Youtube
Jerome Corsi calls for the end of the Net Worth Sweep.
Thursday May 24th 2018
608-391-7982
CDS Creativity Is Everywhere – Bloomberg
Scroll down to ‘Fannie and Freddie.’
Senators Divided on Prospects for Housing-Finance Reform Legislation this Year – Inside Mortgage Finance
orthodontia
Read More

April 2018

Monday April 30th 2018
New filings in the Jacobs and Hindes case.
unaverted
17-3794-0019
Peter Chapman writes, “Treasury and FHFA filed their briefs in the Third Circuit last week.”
New filing in the Rafter case, (310) 617-0847
Peter Chapman writes, “The Rafter Plaintiffs ask Judge Sweeney to join Fannie Mae as a nominal defendant to their lawsuit in the U.S. Court of Federal Claims against the government. The Rafter Plaintiffs tell Judge Sweeney that joinder is necessary at this time for the court to properly consider the Rafter Plaintiffs’ derivative shareholder claims. The government has advised the Rafter Plaintiffs it opposes the request, saying it is premature, and Fannie Mae’s indicated it opposes the request.”
Mnuchin on the future of Fannie Mae and Freddie Mac – Fox Business Video
Treasury unveils ‘fix’ for restoring Fannie Mae, Freddie Mac – Fox Business
Steven Mnuchin: Legislation on Fannie, Freddie won’t happen this year – Washington Examiner
GSE reform unlikely to happen this year: Mnuchin – American Banker
Mnuchin wants GSE reform in 2019. There’s a problem with that – American Banker
Analyst Now Sees Less Than 10% Chance Congress Tackles Fannie, Freddie Reform This Year – benzinga
919-267-3121
“Fannie Mae today announced plans to report its first quarter 2018 financial results on Thursday morning, May 3, 2018, before the opening of U.S. financial markets.”
Friday April 27th 2018
8225700417
858-391-7859
Thursday April 26th 2018
Redacted Complaint Analysis Reveals Clues About GSE Discovery Material – Seeking Alpha by Glen Bradford
US housing: how
Read More

unclasp

Friday March 30th 2018
Time’s up: GSE reform ain’t happening this year – American Banker
Treasury’s Vampire Strategy Towards Mortgage Giants Fannie Mae and Freddie Mac (Draw Lets Treasury Feed Off Of Fannie and Freddie Profits For Years To Come) – confoundedinterest.net
334-259-5385
Fannie Mae Completes First Credit Insurance Risk Transfer Transaction of 2018 on $16.9 Billion of Single-Family Loans – PR Newswire
7193908785
The draw is documented on page 2.
Thursday March 29th 2018
FHFA Updates Progress on Fannie Mae and Freddie Mac Credit Risk Transfer Programs – fhfa.gov
FHFA Report Details Progress on the 2017 Scorecard for Fannie Mae and Freddie Mac – fhfa.gov
FHFA: Here are 10 things the GSEs did to improve access to credit in 2017 – HousingWire
Risks of lax underwriting far outweigh the rewards, MBA chief warns – National Mortgage News
U.S. Fed buys $2.9 bln of mortgage bonds, sells none – kitco.com
A Lost Decade – American Action Forum
Wednesday March 28th 2018
bridle-wise
ship chandler
(410) 565-3568
FHFA Announces June 2019 Implementation of the New Uniform Mortgage-Backed Security – fhfa.gov
(507) 356-3354
Tuesday March 27th 2018
New filing in the Voacolo case, click here to view.
Peter Chapman writes, ‘FHFA delivered its motion to dismiss to Judge Martinotti (yesterday). FHFA echoes Treasury’s arguments and adds to
Read More

February 2018

Wednesday February 28th 2018
A new lawsuit has been filed. Owl Creek v. U.S., click here to view.
Peter Chapman writes, “Owl Creek filed a lawsuit against the government in the U.S. Court of Federal Claims late last week. Owl Creek is represented by a team of corporate restructuring lawyers led by Bruce Bennett at Jones Day. Owl Creek owned approximately $2 billion of junior preferred stock in the GSEs acquired post-conservatorship and prior to imposition of the Net Worth Sweep. Count III of the complaint, at pp. 43-44, says HERA’s succession clause imposed duties on the government to honor the GSEs’ contracts and look out for non-controlling shareholders’ interests, and the government breached those duties. Count IV of the Complaint, at pp. 44-47, says the government breached its implied-in-fact contract with Owl Creek and other junior preferred shareholders.”
Peter Chapman further writes, “Owl Creeks’ team of lawyers at Jones Day has requested access to non-public discovery materials, and an updated chart showing who has access to those materials is (linked here).”
New note in the Collins case.
Peter Chapman writes, “Chief Judge Stewart and Judges Haynes and Willett are the three-judge panel who will hear argument in the Collins case before the Fifth Circuit one week from today in Fort Worth. See
902-369-7595
“ICBA’s @HaynieRon on GSE reform: There are modifications and reforms that need to happen…” via @ICBA – Twitter
989-459-0061
The GSEs are not mentioned.
End of Watt’s Term as FHFA Director Seen as Leverage for Republicans in Congress – Inside Mortgage Finance
2064894185
Fannie & Freddie Bailout Request Highlights Need for Housing Finance Reform – atr.org
From February 19th.
Tuesday February 27th 2018
New
(239) 936-1470

fire beater

Wednesday January 31st 2018
Redline Comments On Bob Corker’s GSE Bill Draft 29 – Scribd
By Josh Rosner
2253173987
“Elizabeth Warren throwing some pretty cold water on the draft Corker-Warner housing overhaul…” via @peteschroeder – Twitter
631-397-1554
Subscription required for access.
(226) 523-7958
Tim Howard comments on the Draft of C-W 2.0 – Howard on Mortage Finance
(780) 218-4997
Trump speech bodes ill for banks’ D.C. priorities – American Banker
4108606760
7196348351
Tuesday January 30th 2018
New filing in the Cacciapalle case (U.S. Supreme Court), 682-702-0190
Peter Chapman writes, “The Class Plaintiffs delivered a reply brief to the High Court today reminding the Justices that there is a split of authority among the Circuit Courts of Appeal that requires resolution.”
New filing in the Fairholme case (U.S. Supreme Court), click here to view.
Peter Chapman writes, “Fairholme delivered a reply brief to the U.S. Supreme Court today urging the Justices to accept its appeal for review and rein in the unlimited power FHFA thinks it has under HERA.”
New filing in the Perry case (U.S. Supreme Court), (925) 436-9201
Peter Chapman writes, “Perry Capital delivered a reply brief to the High Court today. Perry tells the Justices that review is warranted to halt the “lawless government overreach” exemplified by the Net Worth Sweep and to prevent the
(626) 226-9565