March 27, 2015

Friday’s Government Reports Roundup

By Shea Cunningham

CFPB releases report of KPMG audit of its operations and budget. In the report, CFPB agrees with KPMG’s findings about control deficiencies and is aiming to fix such deficiencies. FHFA releases report on progress of Fannie/Freddie Conservatorships in advancing access … Continue reading

March 25, 2015

Frannie Conservatorships: What A Long, Strange Trip It’s Been

By David Reiss

The Federal Housing Finance Agency Office of Inspector General has posted a White Paper, FHFA’s Conservatorships of Fannie Mae and Freddie Mac: A Long and Complicated Journey. This White Paper on conservatorships updates a first one that OIG published in … Continue reading

Wednesday’s Academic Roundup

By Shea Cunningham

Regional Redistribution Through the U.S. Mortgage Market, by Erik Hurst, Benjamin J. Keys, Amit Seru and Joseph Vavra, NBER Working Paper No. w21007. Will the Bubble Burst Be Revisited, by P.D. Aditya, March 8, 2015. Data & Civil Rights: Housing … Continue reading

March 24, 2015

Transferring Risk from Fannie & Freddie

By David Reiss

The Federal Housing Finance Agency has posted its FHFA Progress Report on the Implementation of FHFA’s Strategic Plan for the Conservatorships of Fannie Mae and Freddie Mac. As its name suggests, it provides a progress report on a range of … Continue reading

March 23, 2015

Another Fannie/Freddie Bailout?

By David Reiss

The Federal Housing Finance Agency Office of the Inspector General has issued a White Paper Report, The Continued Profitability of Fannie Mae and Freddie Mac Is Not Assured. The Executive Summary opens, Fannie Mae and Freddie Mac (collectively, the Enterprises) … Continue reading

Monday’s Adjudication Roundup

By Shea Cunningham

Court denies US Bank’s opportunity to revive suit against Citigroup over hundreds of millions of dollars in mortgage-backed securities sold during the financial crisis. IL court refuses to dismiss suit against Bank of America over lowering underwriting standards for borrowers … Continue reading

March 18, 2015

Wednesday’s Academic Roundup

By Shea Cunningham

Cohousing: An Idea for the Modern Age, by Nancy J. White & Charly Loper, February 18, 2015. Failure to Launch: Housing, Debt Overhang, and the Inflation Option During the Great Recession, by Aaron Hedlund, February 23, 2015. Have Distressed Neighborhoods … Continue reading