The Unzoned City

Posted by & filed under Regulation.

Matt Festa has posted an interesting, short article, Land Use in the Unzoned City, to SSRN. He writes, The popular conception that Houston is unzoned because it is some sort of ultra-Texan free-market landscape is not accurate. Houston’s land use is in fact highly regulated. While no Houston ordinance explicitly uses the “z-word,” and its… Read more »

Affordable Flood Insurance in NYC

Posted by & filed under Regulation.

The Rand Corporation has posted Flood Insurance in New York City Following Hurricane Sandy. The report has a chapter on affordability issues that is worth a read, particularly as the de Blasio Administration undertakes its ambitious affordable housing plan. The report notes that many New Yorkers will face substantially higher flood insurance premiums moving forward…. Read more »

Can You Help Someone Become Financially Capable?

Posted by & filed under CFPB, Regulation.

Researchers at the World Bank have posted Can You Help Someone Become Financially Capable? A Meta-Analysis of the Literature.The abstract reads, This paper presents a systematic and comprehensive meta-analysis of the literature on financial education interventions.  The analysis focuses on financial education studies designed to strengthen the financial knowledge and behaviors of consumers. The analysis identifies188… Read more »

Inside Johnson-Crapo

Posted by & filed under Federal Housing Finance Agency, Regulation.

Enterprise Community Partners, Inc. has posted Inside Johnson-Crapo: What the Senate Housing Finance Reform Bill Could Mean for Low- and Moderate-income Communities. Parsing the various Congressional proposals for housing finance reform is hard enough for an expert, let alone for an interested observer. This policy brief provides a helpful overview of the proposal that is… Read more »

Reiss on BoA-FHFA Settlement

Posted by & filed under Government lawsuits.

Inside The GSEs quoted me in BofA MBS Lawsuit Settlement Shrinks List of FHFA Defendants (behind a paywall). It reads, It’s only a matter of time before the remaining big bank defendants settle lawsuits filed by the Federal Housing Finance Agency over billions in non-agency mortgage-backed securities sold to Fannie Mae and Freddie Mac in… Read more »

Reiss on Dimming of FIRREA

Posted by & filed under Government lawsuits.

Inside MBS & ABS quoted me in Judge Recommends Dismissal of DOJ’s Fraud Case Against BofA, But It May Not End FIRREA Claims (behind paywall). It reads, A North Carolina federal magistrate has recommended that a Justice Department fraud case against Bank of America be dismissed, but he also said a separate Securities and Exchange… Read more »