REFinBlog

Editor: David Reiss
Brooklyn Law School

July 1, 2016

The Sloppy State of the Mortgage Market

By David Reiss

I published a short article in the California Real Property Law Reporter, Sloppy, Sloppy, Sloppy: The State of the Mortgage Market, as part of a broader discussion of Foreclosures Following Problematic Securitizations.  The other contributors were Roger Bernhardt, who organized the discussion,  as well as … Continue reading

June 13, 2016

Mortgage Market Overview

By David Reiss

The Urban Institute’s Housing Finance Policy Center issued its May 2016 Housing Finance at a Glance Chartbook. This monthly report is invaluable for those of us who follow the mortgage market closely. The mortgage market changes so quickly and so … Continue reading

May 19, 2016

Divvying up The Mortgage Market

By David Reiss

S&P Capital IQ has posted some Structured Finance Research: The Conforming Loan Limit And Its Effect On The U.S. Private­-Label Mortgage Market. It contains interesting thoughts on how a stabilized secondary mortgage market should be split between government-backed and private-label securitizations. More particularly, … Continue reading

April 25, 2016

TRID Trials

By David Reiss

The Consumer Financial Protection Bureau issued the TILA-RESPA Integrated Disclosure (TRID) Rule which went into effect more than six months ago. The TRID Rule were designed to enhance consumer protections in the mortgage application process.  The mortgage industry has been … Continue reading

March 8, 2016

The Future of Securitization

By David Reiss

SEC Commissioner Michael Piwowar’s Remarks at ABS Vegas 2016 are worth a look for all of those interested in the future of the mortgage-backed securities market. I have interspersed selections of his remarks with my comments: As our country’s capital markets … Continue reading

February 18, 2016

Economic Factors That Affect Housing Prices

By David Reiss

S&P has posted a paper on Economic Factors That Affect Housing Prices. This is, of course, an important topic, albeit one that is an art as well as a science. While S&P undertook this analysis more for mortgage-backed securities investors than for … Continue reading

December 8, 2015

Reviewing the Big Short

By David Reiss

Realtor.com quoted me in Explaining the Housing Crash With Jenga—Did ‘The Big Short’ Get It Right? The story reads in part, One of the more hyped movie releases this Oscar season stars the housing crisis itself: “The Big Short,” in which four … Continue reading