REFinBlog

Editor: David Reiss
Brooklyn Law School

October 20, 2017

The Long-Term Effects of Redlining

By David Reiss

Daniel Aaronson et al. have posted The Effects of the 1930s HOLC “Redlining” Maps to SSRN. The paper provides empirical support for the argument that discriminatory government policies have consequences that can last for decades, including increased segregation. The abstract … Continue reading

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October 20, 2017 in Regulation | Permalink | No Comments

October 16, 2017

The Next Taxpayer Bailout for the Mortgage Market?

By David Reiss

    The HUD Office of the Inspector General issued an audit on Nonbank Oversight by Ginnie Mae. This audit is one of those dry government documents that contain whispers of crises to come. The worrisome sentence is buried at … Continue reading

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October 16, 2017 in Regulation | Permalink | No Comments

October 13, 2017

Rethinking FHA Insurance

By David Reiss

The Congressional Budget Office issued a report on Options to Manage FHA’s Exposure to Risk from Guaranteeing Single-Family Mortgages. FHA insurance stands out from other forms of mortgage insurance because it guarantees all of a lender’s loss, rather than just … Continue reading

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October 13, 2017 in Regulation | Permalink | No Comments

October 6, 2017

Treasury’s Overreach on Securitization Reform

By David Reiss

The Department of the Treasury released its report, A Financial System That Creates Economic Opportunities Capital Markets. I will leave it to others to dissect the broader implications of this important document and will just highlight what it has to … Continue reading

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October 6, 2017 in Regulation | Permalink | No Comments

October 5, 2017

Evolution of the CFPB?

By David Reiss

The Mortgage Bankers Association has issued a white paper, CFPB 2.0: Advancing Consumer Protection. The Executive Summary reads, in part, In its first years, the Bureau’s regulatory expertise was largely consumed by the need to meet deadlines on specific rules … Continue reading

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October 5, 2017 in Regulation | Permalink | No Comments

October 4, 2017

FHFA’s Strategic Plan for Fannie and Freddie

By David Reiss

The Federal Housing Finance Agency released its Strategic Plan for fiscal years 2018-2022 for public input. As discussed in yesterday’s post, Director Watt is very focused on maintaining the health of Fannie Mae and Freddie Mac. The Strategic Plan reiterates … Continue reading

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October 4, 2017 in Regulation | Permalink | No Comments

October 3, 2017

Watt’s Happening with Fannie and Freddie?

By David Reiss

Federal Housing Finance Agency Director Watt testified before the House Committee on Financial Services today and gave a good overview of the decade-long conservatorship of Fannie and Freddie.  He also gave some sense of the urgency of coming up with … Continue reading

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October 3, 2017 in Regulation | Permalink | No Comments