December 18, 2014

Life Post-Fannie, Post-Freddie

By David Reiss

The Congressional Budget Office has released a report, Transitioning to Alternative Structures for Housing Finance. This report examines various mechanisms that policymakers could use to attract more private capital to the secondary mortgage market. The report also addresses how those … Continue reading

Read More

December 18, 2014 in Regulation | Permalink | No Comments

December 16, 2014

Lederman, Rahman & Reiss on CFPB No-Action Policy

By David Reiss

Jeff Lederman, Sabeel Rahman and I submitted a comment on the Consumer Financial Protection Bureau’s proposed policy on No-Action Letters. Basically, This is a comment on the Consumer Financial Protection Bureau’s (the “Bureau”) proposed Policy on No-Action Letters (the “Policy”).  … Continue reading

Read More

December 16, 2014 in Regulation | Permalink | No Comments

December 15, 2014

Reiss on Fair Housing Falsehood

By David Reiss

The Providence (R.I.) Journal quoted me in its Truth-O-Meter column:  Mike Stenhouse: According to HUD, It’s Unfair, Unjust for Wealthy to Live in Exclusive Neighborhoods. The column reads, in part, For more than three years, the Rhode Island Division of … Continue reading

Read More

December 15, 2014 in Regulation | Permalink | No Comments

December 11, 2014

Fannie and Freddie Begin a New Stage

By David Reiss

The Federal Housing Finance Agency has ordered Fannie and Freddie to begin making contributions to the Housing Trust Fund and to the Capital Magnet Fund.  These two funds were created pursuant to the Housing and Economic Recovery Act of 2008, … Continue reading

Read More

December 11, 2014 in Regulation | Permalink | No Comments

December 10, 2014

Mortgage Leverage and Bubbles

By David Reiss

Albert Alex Zevelev has posted Regulating Mortgage Leverage: Fire Sales, Foreclosure Spirals and Pecuniary Externalities to SSRN. The abstract reads, The US housing boom was accompanied by a rise in mortgage leverage. The subsequent bust was accompanied by a rise … Continue reading

Read More

December 10, 2014 in Regulation | Permalink | No Comments

December 9, 2014

Transit-Oriented Development No Panacea

By David Reiss

The Government Accountability Office issued a report, Multiple Factors Influence Extent of Transit-Oriented Development. The GAO writes that From 2004 to 2014, FTA [Federal Transit Administration] allocated $18.9 billion to build new or expanded transit systems through the Capital Investment … Continue reading

Read More

December 9, 2014 in Regulation | Permalink | No Comments

December 8, 2014

Solving Complexity in Consumer Credit

By David Reiss

Kathleen Engel posted Can Consumer Law Solve the Problem of Complexity in U.S. Consumer Credit Products? to SSRN. The abstract reads, People like to know and understand the total cost of credit products they are considering. They also like to … Continue reading

Read More

December 8, 2014 in Regulation | Permalink | No Comments