GSE EVENT TIMELINE November 2016 - March 2017 November 8 - November 29 - Trump elected President.
Fannie and Freddie PPS steadily climbs from $1.65 and $1.55 respectively on 11/8 and settles and closes high at $3.17 and $3.11 on 11/21. The PPS channels and levels to $3.08 and $3.02 on 11/29. November 30 - February 17 - Mnuchin's brief statements on GSE restructuring and privatizing on Maria Bartiromo's Fox Business show on November 30th.
Fannie and Freddie PPS rockets upward from $3.08 and $3.02 on 11/29 and closes at $4.49 and $4.40 in a single day of trading
on 11/30. Fannie and Freddie PPS levels down to $3.565 and $3.43 (12/5) and then channels slightly upwards to close at $4.15 and $3.99 on 2/17. February 21 - March 10 - CADC gives a mixed negative and positive opinion and order in Perry Capital case on 2/21
. Fannie and Freddie PPS drops precipitously from $4.15 and $3.99 on 2/17 to $2.71 and $2.47 on 2/21. After two days of recovery (2/22-23) to PPS of $3.049 and $2.86, Fannie and Freddie's PPS channeled downward to close at $2.63 and $2.51 respectively on 3/10.
The downward trend in PPS continues despite positive court orders made in the Fairholme (Sweeney) and Pagliara (Sleet) cases and other court filings; positive public statements by S. Mnuchin and B. Berkowitz; a growing media storm started by InfoWars articles, videos and reports that Fannie Mae and Freddie Mac were illegally robbed to fund Obamacare and picked up by Maria Bartiromo of Fox News, Investors Unite, and others; release of supportive articles by Richard Epstein, Timothy Howard, David Fiderer, Bill Maloni, and Investors Unite; and the DOJ seeking resignation of 46 US Attorneys, (a news event and action that has nothing to do with the GSE civil cases). The anti-GSE crowd also made appearances in the media - Jim Parrott, Mike Stegman, David Stevens, Jason Levine and John Carney. (See http://gselinks.com/
Finally, on March 10 morning, Gretchen Morgenson's New York Times article was published and was credited here with a 1:53 PM recovery from a steadily dropping Fannie and Freddie PPS on March 10.
See article: https://www.nytimes.com/2017/03/10/business/trump-fannie-mae-freddie-mac.html
Maria Bartiromo's tweet on Obama, the NWs and funding Obama care via a Investors Unite article (https://twitter.com/mariabartiromo/status/840306218270916609
) will flow through the weekend and with trader/investor anticipation that there will be a positive, upward Fannie and Freddie PPS effect on Monday, March 13, 2017. Upcoming March and April Dates - 2017
March 13, 2017 - Will a Fannie and Freddie PPS upswing due to Maria Bartiromo's tweet on Obama, the NWs and funding Obama care via a Investors Unite article occur? (https://twitter.com/mariabartiromo/status/840306218270916609
March 15, 2017 - The US federal debt limit (ceiling) expires. What will be done?https://www.cbo.gov/sites/default/files/115th-congress-2017-2018/reports/52465-federaldebtlimit.pdf
March 20, 2017 - Deadline for Plaintiffs’ (Collins et. al.) to file the consolidated Summary Judgment Reply and Response Brief. http://gselinks.com/Court_Filings/Collins/16-cv-03113-0040.pdf
March 23, 2017, 8:00 am - A hearing on the motions to dismiss the Saxton amended complaint. http://gselinks.com/Court_Filings/Saxton/15-00047-0098.pdf
March 31, 2017 - Dividend Payment to Treasury - No or Yes? https://twitter.com/FannieMae/status/835862751625031680 https://twitter.com/FreddieMac/status/832218602061246464
April 4, 2017 - status hearing for the Roberts et. al. vs. FHFA et. al. is set for 04/04/2017 at 11:00 am. http://gselinks.com/Court_Filings/Roberts/16-02107-0073.pdf
April 7, 2017 - Final day? for Perry Capital LLC to file a petition for an en band rehearing in the US Court of Appeals, DC. https://www.law.cornell.edu/rules/frap/rule_40
April 12, 2017 - Appellee's brief (FHFA et. al.) in Arnetia Robinson v. Federal Housing Finance Agency, et. al. must be filed electronically with the US Court of Appeals for the 6th District. http://gselinks.com/Court_Filings/Robinson/16-6680-0024.pdf
April 17, 2017 - Defendants selection and submission of a subset of 11,000 privilege logged documents as ordered by Judge Sweeney in the Fairholme case. http://gselinks.com/Court_Filings/Fairholme/13-465-0360.pdf
April 26, 2017 - Appellant's Reply Brief (Arnetia Robinson) in Arnetia Robinson v. Federal Housing Finance Agency, et. al. must be filed electronically with the US Court of Appeals for the 6th District. http://gselinks.com/Court_Filings/Robinson/16-6680-0024.pdf
April 28, 2018, The current Continuing Resolution (CR) will expire on April 28, 2017. Legislators must decide how to fund the government for the remainder of fiscal year 2017. http://www.crfb.org/blogs/appropriations-watch-fy-2017 Upcoming Dates - 2018
January 1, 2018 - Capital reserves depleted? No or Yes? - https://www.fhfa.gov/Conservatorship/Documents/Senior-Preferred-Stock-Agree/2012-8-17_SPSPA_FannieMae_Amendment3_508.pdf
page 4, bottom paragraph.
April 3, 2018 or so. Final briefs submitted for the Fairholme et. al. case in the US Court of Federal Claims (Judge Sweeney). http://gselinks.com/Court_Filings/Fairholme/13-465-0360.pdf