Editor: David Reiss
Brooklyn Law School

December 8, 2015

Reviewing the Big Short

By David Reiss 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

July 12, 2013

Ain’t Misrepresentin’

By David Reiss

According to Wikipedia, the performers in the musical Ain’t Misbehavin’ “present an evening of rowdy, raunchy, and humorous songs that encapsulate the various moods of the era and reflect” a “view of life as a journey meant for pleasure and … Continue reading

July 8, 2013

Pre-Closing Credit Checks

By Gloria Liu

Since 2010, Fannie Mae has required lenders to recheck a borrower’s credit right before closing the mortgage. It is advised that borrowers not do anything that might affect their financial status quo until the mortgage has been closed. For example, … Continue reading

June 21, 2013

Massachusetts District Court Interprets Ibanez Narrowly in Deciding That Plaintiff-Homeowner Lacked Standing to Challenge Bank’s Standing to Foreclose

By Ebube Okoli

This action arose out of an attempted foreclosure by defendant Aurora Loan Services on plaintiff David Kiah’s property. Based on the recent holding from U.S. Bank National Ass’n v. Ibanez, 458 Mass. 637, 941 N.E.2d 40 (2011), Kiah sought a … Continue reading

June 13, 2013

The Potentially Far Reaching Affects of The Ibanez Holding on Foreclosure Proceedings

By Ebube Okoli

The holding in U.S. Bank National Ass’n v. Ibanez, 458 Mass. 637, 941 N.E.2d 40 (2011) potentially may have far reaching affects on foreclosure litigation outcomes across the nation. Although a state case, Ibanez has national implications for several reasons; the … Continue reading

April 23, 2013

Bounced Mortgage Relief Checks

By Gloria Liu

In February, federal banking regulators reached a $9.3 billion pact with 13 major lenders to settle claims of foreclosure abuses like bungled loan modification and flawed paperwork. Under the deal, homeowners can receive up to $125,000 in cash relief. Unfortunately, as … Continue reading

February 14, 2013

Misleading CoreLogic Report on Qualified Mortgage Rules

By David Reiss

The Wall Street Journal reported (behind its paywall) uncritically on a recently released CoreLogic report about the supposed impact of the new Qualified Mortgage rules issued last month by the CFPB on the mortgage market.  The report is very flawed. … Continue reading