REFinBlog

Editor: David Reiss
Brooklyn Law School

August 19, 2016

Bringing Debt Collectors to Heel

By David Reiss

TheStreet.com quoted me in Debt Collectors Hounding You With Robo Calls? Here’s What To Do. It reads, in part, Mike Arman, a retired mortgage broker residing in City of Oak Hill, Fla., owns a nice home, with only $6,000 left on … Continue reading

Read More

August 19, 2016 in Regulation | Permalink | No Comments

August 4, 2016

Fannie & Freddie G-Fee Equilibrium

By David Reiss

The Federal Housing Finance Agency’s Division of Housing Mission & Goals has issued its report on Fannie Mae and Freddie Mac Single-Family Guarantee Fees in 2015. Guarantee fees (also known as g-fees) are another one of those incredibly technical subjects … Continue reading

August 3, 2016

The Future of Mortgage Default

By David Reiss

The Consumer Financial Protection Bureau has shared its Principles for the Future of Loss Mitigation. It opens, This document outlines four principles, Accessibility, Affordability, Sustainability, and Transparency, that provide a framework for discussion about the future of loss mitigation as … Continue reading

July 28, 2016

Freddie and Fannie Nightmare Scenario

By David Reiss

For a number of years, I have warned of the increased operational risk that results from leaving Fannie Mae and Freddie Mac in the limbo of their conservatorships. “Operational risk” refers to risks that a company faces from things like poor procedures, … Continue reading

July 27, 2016

Regulating Small Lenders

By David Reiss

The Consumer Financial Protection Bureau is often subject to a lot of criticism for imposing a heavy regulatory burden on small community banks and credit unions (together, community lenders). A recent Government Accountability Office report, Community Lenders Remain Active under New Rules, … Continue reading

July 20, 2016

The Republican Housing Platform

By David Reiss

The Republican Party adopted its platform earlier this week.  The short housing platform is worth reading in its entirety: Responsible Homeownership and Rental Opportunities Homeownership expands personal liberty, builds communities, and helps Americans create wealth. “The American Dream” is not … Continue reading

July 11, 2016

Does Housing Finance Reform Still Matter?

By David Reiss

The Milken Institute’s Michael Bright and Ed DeMarco have posted a white paper, Why Housing Reform Still Matters. Bright was the principal author of the Corker-Warner Fannie/Freddie reform bill and DeMarco is the former Acting Director of the Federal Housing Finance … Continue reading