REFinBlog

Editor: David Reiss
Brooklyn Law School

A Member of the Law Professor Blogs Network

August 3, 2015

Foreclosures & Credit Card Debt

By David Reiss

Paul S. Calem, Julapa Jagtiani and William W. Lang have posted Foreclosure Delay and Consumer Credit Performance to SSRN. Effectively, it argues that long foreclosure delays may have reduced the credit card default rate because homeowners in default were able to pay … Continue reading

Monday’s Adjudication Roundup

By Shea Cunningham

The Third Circuit upholds class certification in case against PNC Bank NA, in which individuals are alleging the bank participated in an illegal home equity lending scheme. Residential Credit Solutions Inc., a mortgage servicing company, will pay $1.6 million in … Continue reading

July 31, 2015

Friday’s Government Reports Roundup

By Shea Cunningham

HUD’s Office of Policy Development and Research released paper, which describes its “Bridge to Family Self-Sufficiency” Program. The program is intended to determine if low-income families in public housing improve their overall stability, with the right support. HUD released public, … Continue reading

July 29, 2015

Wednesday’s Academic Roundup

By Shea Cunningham

The Marginal Effect of First-Time Homebuyer Status on Mortgage Default and Prepayment, Saty Patrabansh, FHFA Working Paper 15-2. Gender Bias and Credit Access, Steven Ongena & Alexander A. Popov, ECB Working Paper No. 1822. Explaining the Boom-Bust Cycle in the … Continue reading

July 27, 2015

Monday’s Adjudication Roundup

By Shea Cunningham

New York federal courts says HSBC Bank USA NA will face suit from National Credit Union Administration for over $2 billion in mortgage backed securities that HSBC served as trustee for. In the US DOJ’s reply in Quicken Loans suit … Continue reading

July 23, 2015

Thursday’s Advocacy & Think Tank Round-Up

By Serenna McCloud

The Federal Reserve Bank of New York’s Staff Report, Determinants of Mortgage Default and Consumer Credit Use: The Effects of Foreclosure Laws and Foreclosure Delays, examines the interconnectedness of debt repayment decisions – specifically finding that mortgage default is negatively correlated with … Continue reading

July 22, 2015

Wednesday’s Academic Roundup

By Shea Cunningham

Valuing Control, Peter C. DiCola, 113 Michigan Law Review 663 (2015). A Framework for Understanding Property Regulation and Land Use Control from a Dynamic Perspective, Donald J. Kochan, 4 Michigan Journal of Environmental & Administrative Law 303 (2015). The Use … Continue reading