January 23, 2015

Fannie/Freddie 2015 Scorecard

By David Reiss

The Federal Housing Finance Agency (FHFA) released its 2015 Scorecard for Fannie Mae, Freddie Mac and Common Securitization Solutions. The scorecard identifies priorities for the two companies and their joint venture, Common Securitization Solutions (CSC). The scorecard builds on the … Continue reading

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January 23, 2015 in Regulation | Permalink | No Comments

January 22, 2015

Kroll on Mortgage Performance

By David Reiss

The Kroll Bond Rating Agency has issued an update of its residential mortgage-backed securities model methodology, Residential Mortgage Default and Loss Model. Before the financial crisis, ratings models seemed to be very reliable, data-driven models of probity and caution. We … Continue reading

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January 22, 2015 in Regulation | Permalink | No Comments

January 16, 2015

Location, Location, Location of NYC Affordable Housing

By David Reiss

NYU’s Furman Center has released a white paper, Housing, Neighborhoods, and Opportunity: The Location of New York City’s Subsidized Affordable Housing. The report opens, Rent burdens for low- and moderate-income renters continue to grow in New York City, inviting calls … Continue reading

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January 16, 2015 in Regulation | Permalink | No Comments

January 15, 2015

GSE Conservatorship History Lesson

By David Reiss

Mark Calabria, the Director of Financial Regulation Studies at the Cato Institute, has posted a very interesting paper, The Resolution of Systemically Important Financial Institutions: Lessons from Fannie and Freddie. This is a more formal version of what he presented … Continue reading

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January 15, 2015 in Regulation | Permalink | No Comments

January 14, 2015

Reiss on New Mortgage Tool

By David Reiss

Tech News World quoted me in CFPB Shifts Some Power to Mortgage Shoppers. The story reads in part, The Consumer Financial Protection Bureau on Tuesday introduced Owning a Home, a set of online tools designed to make it easier for … Continue reading

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January 14, 2015 in Regulation | Permalink | No Comments

January 13, 2015

Housing Subsidies For Those Who Need Them

By David Reiss

The National Low Income Housing Coalition has posted Aligning Federal Low Income Housing Programs with Housing Need. The Executive Summary goes right to the heart of the matter: The number of renters in the United States has steadily increased since … Continue reading

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January 13, 2015 in Regulation | Permalink | No Comments

January 9, 2015

S&P’s Upbeat Outlook on Mortgage Market

By David Reiss

S&P posted U.S. RMBS Roundtable: Mortgage Origination And Securitization In The Post-Qualified Mortgage/Ability-To-Repay Market. The roundtable discussion offers views on many aspects of the 2015 mortgage market, but I found this passage to be particularly interesting: Originators agreed loans that … Continue reading

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January 9, 2015 in Regulation | Permalink | No Comments