Sources: Morris Schneider Wittstadt declaring bankruptcy, closing immediately

Sources: Morris Schneider Wittstadt declaring bankruptcy, closing immediately

LandCastle Title’s operations will not be affected

8 avoidable mistakes first-time homebuyers keep making

Stop doing these things

Trending Thursday: CFPB data collection worse than the NSA?

Slowly but surely GSE shareholders cutting into Treasury, FHFA secrecy
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Items Tagged with 'Treasury'

ARTICLES

Treasury sweep of Fannie, Freddie shareholder profits "costly for housing"

National Law Review: FHFA in “breach of its duties under HERA”
Trey Garrison
Yale Law School lecturer Logan Beirne examined a lawsuit recently filed by three Fannie Mae and Freddie Mac investors accusing the federal government of exceeding its authority as a conservator, and in a National Law Review article, he supports their contention.
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The three-card Monte accounting of Fannie, Freddie conservatorship

Admittedly partisan study raises troubling questions
Trey Garrison
A forensic look at the complex legerdemain that was federal government putting the GSEs in conservatorship reveals some head-scratching accounting and some three-card Monte style mathematics.
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Bombshell: Treasury now claims Fannie, Freddie bailout wasn’t loan

Calls sweep recovery for “investment”; Dodges questions on privilege
Trey Garrison
In a letter that’s going to raise more questions than it answers, the Treasury Department replied to an interrogatory from a U.S. Senator on its “third amendment sweep” of profits from Fannie Mae and Freddie Mac.
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Investors Unite fires back at WSJ columnist in Fannie, Freddie recap row

IU: “Carney never lets facts get in the way of a good column”
Trey Garrison
The fight over what to do with the government-sponsored enterprises continues to rage, and this week it’s like an immovable object and an irresistible force are colliding.
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Housing’s critical problems are “intrinsic to the GSE charters”

Private capital at the center of reform
Brena Swanson
Michael Stegman, counselor to the secretary for housing finance policy with the Treasury, said at the Goldman Sachs Housing Finance Conference Thursday morning, that the current status quo is unsustainable and taxpayers are still on the hook.
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Fannie Mae and Freddie Mac are better than ever

Despite negative earning reports
Brena Swanson
Although it may look like Fannie Mae and Freddie Mac are in financial trouble again, both government-sponsored enterprises have emerged from the financial crisis churning out more profits before taxes than they ever have before.
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Investors Unite forges ahead with plan to end Fannie, Freddie conservatorship

Lawsuits, appeal to come even as white paper presented
Trey Garrison
The decision by retiring U.S. District Judge Royce Lamberth to dismiss one of the lawsuits brought against the Department of Treasury by Perry Capital and Fairholme Funds may have set back GSE investors. But it won't stop them.
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Monday Morning Cup of Coffee: Judge deals major blow to investors in GSE lawsuit

Fed mortgage stability monitoring nothing more than a myth?
Trey Garrison
Is the case against Treasury crippled? Is the idea of the Fed maintaining mortgage market stability a unicorn? What happens when 3,500 structured finance professionals get together in Miami for three days? Read on and find out.
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Call to end Treasury secrecy on Fannie and Freddie gets louder

Treasury continues to fight discovery, open records in lawsuits
Trey Garrison
A coalition of 17 conservative and free-market public policy groups sent a letter to the ranking members of the House Finance Services Oversight and Investigative Subcommittee urging them to demand more transparency and accountability regarding the “Third Amendment Sweep” of the six-year GSE conservatorship agreement from the U.S. Treasury.
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FOMC tapers another $10 billion

Bond purchases nearly over as October approaches
Brena Swanson
The Federal Reserve decides to taper another $10 million in bond purchases. However, the FOMC cautioned that there remains significant underutilization of labor resources, with the recovery in the housing sector moving at a slow pace.
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