Editor: David Reiss
Brooklyn Law School

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July 28, 2015

Optimizing Mortgage Availability

By David Reiss

The United States Government Accountability Office (GAO) has issued a report, Mortgage Reforms: Actions Needed to Help Assess Effects of New Regulations. The GAO did this study to predict the effects of the Qualified Mortgage (QM) and Qualified Residential Mortgage … Continue reading

July 27, 2015

Monday’s Adjudication Roundup

By Shea Cunningham

New York federal courts says HSBC Bank USA NA will face suit from National Credit Union Administration for over $2 billion in mortgage backed securities that HSBC served as trustee for. In the US DOJ’s reply in Quicken Loans suit … Continue reading

July 24, 2015

Friday’s Government Reports

By Serenna McCloud

The U.S. Census Bureau and U.S. Department of Housing and Urban Development jointly released the New Residential Construction statistics for June 2015 – which shows sizable increases in housing starts (compared to June 2014) for multiple unit construction, particularly in the … Continue reading

July 23, 2015

Thursday’s Advocacy & Think Tank Round-Up

By Serenna McCloud

The Federal Reserve Bank of New York’s Staff Report, Determinants of Mortgage Default and Consumer Credit Use: The Effects of Foreclosure Laws and Foreclosure Delays, examines the interconnectedness of debt repayment decisions – specifically finding that mortgage default is negatively correlated with … Continue reading

July 22, 2015

Wednesday’s Academic Roundup

By Shea Cunningham

Valuing Control, Peter C. DiCola, 113 Michigan Law Review 663 (2015). A Framework for Understanding Property Regulation and Land Use Control from a Dynamic Perspective, Donald J. Kochan, 4 Michigan Journal of Environmental & Administrative Law 303 (2015). The Use … Continue reading

July 20, 2015

The Prime Crisis

By David Reiss

Fernando Ferreira and Joseph Gyourko, both at Penn’s Wharton School, have posted A New Look at the U.S. Foreclosure Crisis: Panel Data Evidence of Prime and Subprime Borrowers from 1997 to 2012 to SSRN. Unfortunately it is behind a National … Continue reading

Monday’s Adjudication Roundup

By Shea Cunningham

Primary Capital Advisors LLC will face suit for selling bad loans to a Residential Capital LLC subsidiary, putting the parent company into bankruptcy, because the contract language was ambiguous. California federal court approved Diversified Lending Group’s $163 million settlement with … Continue reading