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

December 21, 2015

Monday’s Adjudication Roundup

By Shea Cunningham

Class action suit filed against JPMorgan for alleged illegal demand of payment from junior mortgage holders who’s senior mortgages had been foreclosed. The class claims that JPMorgan’s demands violated several California laws. PHH Corp. urges the DC Circuit to vacate … Continue reading

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December 21, 2015 in Foreclosures | Permalink | No Comments

October 9, 2015

Loose Credit. Plummeting Prices.

By David Reiss

Christopher Palmer has posted Why Did So Many Subprime Borrowers Default During the Crisis: Loose Credit or Plummeting Prices? to SSRN. While this is a technical paper, it is clear from the title that it addresses an important question. If it … Continue reading

September 17, 2015

Thursday’s Advocacy & Think Tank Round-up

By Serenna McCloud

Corelogic’s Second Quarter U.S. Equity Report indicated that over three-quarters-of -a-million properties regained equity, while 4.4 million remain in negative equity over the same period. Aggregate negative equity fell $28 billion from $338 billion to $309 billion. According to Corelogic … Continue reading

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September 17, 2015 in Foreclosures | Permalink | No Comments

August 18, 2015

Tuesday’s Regulatory & Legislative Round-Up

By Serenna McCloud

The Consumer Financial Protection Bureau has launched an Online Guide for Real Estate Professionals to understand their obligations under the new “Know Before You Owe” mortgage disclosure rules, which become effective October 3, 2015.  The Know Before You Owe mortgage initiative … Continue reading

August 13, 2015

Thursday’s Advocacy & Think Tank Round-Up

By Serenna McCloud

The Institute of Housing Studies at DePaul University has issued a report analyzing foreclosure activity which finds that foreclosures are down in the Chicago area in 2014.  The report also finds that mortgage activity remains low while investor buyers have … Continue reading

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