REFinBlog

Editor: David Reiss
Brooklyn Law School

November 9, 2017

Your Lender, The Federal Reserve Board

By David Reiss

Laurie Goodman and Bing Bai at the Urban Institute have posted Normalizing the Federal Reserve’s Balance Sheet The Impact on the Mortgage-Backed Securities Market. It is quite extraordinary to realize that the Federal Reserve owns nearly a third of outstanding residential … Continue reading

October 26, 2017

Mortgage Servicing Since The Financial Crisis

By David Reiss

Standard & Poors issued a report, A Decade After The Financial Crisis, What’s The New Normal For Residential Mortgage Servicing? It provides a good overview of how this hidden infrastructure of the mortgage market is functioning after it emerged from … Continue reading

May 3, 2017

Hope for the Securitization Market

By David Reiss

The Structured Finance Industry Group has issued a white paper, Regulatory Reform: Securitization Industry Proposals to Support Growth in the Real Economy. While the paper is a useful summary of the industry’s needs, it would benefit from looking at the … Continue reading

November 18, 2016

Low Down Payment Mortgages, Going Forward

By David Reiss

TheStreet.com quoted me in Home Loan Down Payments Are in Decline: Will Uncle Sam Ride to the Rescue? It opens, President-elect Donald Trump has enough problems on his hands as his administration takes shape, with the economy, health care, geopolitical strife and … Continue reading

November 4, 2016

The Jumbo/Conforming Spread

By David Reiss

Standard & Poor’s issued a research report, What Drives the Variation Between Conforming and Jumbo Mortgage Rates? It opens, What drives the variation between the conforming and jumbo mortgage rates for the 30-year fixed-rate mortgage (FRM) product offered in the … Continue reading

September 19, 2016

Subprime v. Non-Prime

By David Reiss

The Kroll Bond Rating Agency has issued an RMBS Research report, Credit Evolution: Non-Prime Isn’t Yesterday’s Subprime. It opens, Following the private label RMBS market’s peak in 2007 and the ensuing credit crisis, non-agency securitizations of newly originated collateral have … Continue reading

September 13, 2016

Mortgage Market Forecast

By David Reiss

OnCourseLearning.com’s new financial services blog quoted me in Mortgage Rates Likely to Remain Low for Foreseeable Future. It opens, In the weeks since the United Kingdom voted to leave the European Union, previously low interest rates have fallen to near historically … Continue reading