doughishere

Think the gop debate will feature a Freddie Mac question?

Summary of Cash Receipts and Payments by Fannie Mae and Freddie Mac from and to the US Treasury. https://docs.google.com/spreadsheets/d/1VcacgYkheoO02jXGpU_v2QDhb2D58HfItClQfghUsSg/pubhtml I quickly put this together. Let me know if there any discrepancies. Edit: Heres a link to edit yourself. Edit 2.0: Im gonna add some more stuff make it better. For now im just gonna share a non-editable copy so we only get one version to start with. 6pm Central. Im beat been working on verifying, formatting this for 4 hours now. Im exhausted. will work on it tomorrow....Fannie may is all correct

From Bill Maloni's GSE Blog: Did Senate Just Keep F&F Alive For 4 More Years? In another swat at the GSEs, the Senate last Wednesday night voted to use 10 basis points of Fannie and Freddie g-fee income to fund part of the Highway Bill. So, the chamber with many GSE haters voted to keep the “golden geese” alive for four more years, because they keep on giving. Yet, the chamber’s actions had little to do with what is the best mortgage finance system for the nation, professionals in the industry, or the American consumer. They just needed a “pay for.” Bottom line, if unchanged, that means the GSEs are there to kick around for at least 48 more months. It also gives F&F supporters the same time to rally around their operational strength and possibly build a majority for recapitalizing the mortgage giants, thus removing the self-imposed GSE “Sword of Damocles” over the systems which the pols in both parties claim they want. But, after all the back and forth, who knows which of these anti-GSE provisions survive or wind up on the congressional cutting room floor, along with how much of F&F? The Washington Post editorialized against the Senate highway bill and its revenue sources—arguing for a gas tax and against cutting Fed bank fees--but could not bring itself to include the GSE fees in their complaint. So, predictable. https://www.washingtonpost.com/opinions/a-better-than-usual-but-still-not-ideal-highway-bill/2015/07/24/2f83defc-3230-11e5-8353-1215475949f4_story.html

Call me strange but when i saw the headline i was like "Woah....they released the docs to the public!" Talk about a disappointment.

I wish i had a bloomberg terminal.

Why does this sound like something out of Silicon Valley the show.

Seeking alpha has been promoting a number of Glen Bradfords articles. There seems to be a greater awareness in f&f in mainstream media these days.

Tough job but somebody has to do it wether it's 100m or 100b the amount shouldn't matter. Is Fannie Deleware incorpwrated? I'm on my phone again and am having trouble finding if it is or isn't.

Morning star, did you read the brief? His argument has nothing to do whit preferences over one class or another but rather that "Section 151©’s use of the term “rate” reflects this fundamental principle of corporate finance as well as that term’s legal definition, which involves concepts of proportionality and relativeness" 100% dividen can be a part of "senior shares" The rate was set 10% before the NWS. Meek is right as usual that the argument is much better because as Steele argues the NWS is "unenforceable ab initio"....from the beginning.

here comes the cavalry.

Fairholmes hard at work today: Via GSE Links Fairholme's motion to remove the 'Protected Information' designation from certain Fannie Mae documents. Fairholme's motion to remove the 'Protected Information' designation from certain Deloitte documents. Fairholme's motion to remove the 'Protected Information' designation from certain PricewaterhouseCooper documents. Fairholme's motion to remove the 'Protected Information' designation from certain Treasury and FHFA documents. Fairholme's motion to remove the 'Protected Information' designation from certain Grant Thornton documents.

Grant Thornton is an accounting firm here in chicago....why do they care so much?

Gossip, merkhet

schwind has been in a number of the transcripts from past court dates https://groups.google.com/forum/m/#!topic/freddienfannie/ED33TPc67C8

I was just gonna say that. That foot note is interesting but honestly he could have wanted to attend more of his kids soccer games.

Correct, then we would proceed again along the legal lines of the Perry appeal, the Fairholme case, etc. Secondary news about Fannie & Freddie? What news is making you anxious? I'd like to know what are in the depositions and the redacted Filings. This is what i was referring to as secondary news, primary being the actual depositions. Anxious may be a bad word....excited, giddy in anticipation may be more appropriate.

What do you mean? Merkhet, just anxious about all this secondary news.

Somethings going down......

I just dont see the govt...settling. I think that they are gonna drag it out and go out like the band on the titanic. I'd love to see the testimony from a purely drama point of view. This is all in the hands of fairholme lawyers. Bruce should get a book deal after this is all over.

With all the fuss over the DeMarco & Ugoletti depositions i'd kinda like to see them now.

The Epstein always sounds confident. haven't heard this call, but I remember on one of the previous ones he mentioned how even though Plaintiffs might be morally or even legally correct, the government still has a fair shot simply because Courts tend to give it too much deference. Seemed not too confident imo. He also noted what you said...if you have a 100% seals case against the govt it's only 50% winnable Sorry I'm doing this from my phone H

Bove seems confident. Says settlement in 2016 http://www.valuewalk.com/2015/07/richard-x-bove-critical-periods-in-fannie-maes-history/

Just got done with the Investors Unite conference call. Epstein seemed awfully confident. Link: https://investorsunite.org/iu-hosts-teleconference-to-provide-update-on-fannie-freddie-litigation/

He was hired by investors to consult on the cases. He works for a lawfirm now. Edit: http://www.housingwire.com/articles/34415-former-delaware-chief-justice-files-amicus-brief-fanniefreddie-sweep-suit?utm_source=dlvr.it&utm_medium=twitter&utm_campaign=housingwire