November 26, 2014

Manufacturing Jobs in NYC

By David Reiss

The New York City Council released a report, Engines of Opportunity: Reinvigorating New York City’s Manufacturing Zones for the 21st Century. I am always worried that discussions of increasing manufacturing jobs, especially in a city as expensive as New York, … Continue reading

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November 26, 2014 in Regulation | Permalink | No Comments

November 25, 2014

Housing Finance Reform at a Glance

By David Reiss

The Urban Institute has posted its November Housing Finance At A Glance.  This is a really valuable resource. The introduction provides a nice overview of recent developments in the area: With a sweeping midterm election victory for the GOP, the … Continue reading

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November 25, 2014 in Regulation | Permalink | No Comments

November 21, 2014

Does Morningstar Speak with Forked Tongue?

By David Reiss

Morningstar Credit Ratings, a small Nationally Recognized Statistical Rating Organization (albeit a subsidiary of Morningstar, the large investment research firm), has issued a Structured Credit Ratings Commentary on Rating Shopping in Asset Securitization Markets. It finds that Rating shopping is … Continue reading

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November 21, 2014 in Regulation | Permalink | No Comments

November 20, 2014

Reiss on GSE Privatization

By David Reiss

GlobeSt.com quoted me in Waiting to Say Goodbye to the GSEs. It reads in part, US HUD Secretary Julian Castro added another “to do” item to the lame duck Congress’ list of things they should get done before they adjourn … Continue reading

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November 20, 2014 in Regulation | Permalink | No Comments

November 19, 2014

Reiss on Lawsky’s Departure from DFS

By David Reiss

Bloomberg interviewed me for Lawsky Leaving After $3 Billion in Fines Makes a Mark. The article reads in part, When Ocwen Financial Corp. (OCN) shares soared on the news that regulator Benjamin Lawsky, who’s probing the company, will step down, … Continue reading

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November 19, 2014 in Regulation | Permalink | No Comments

November 17, 2014

FHA’s Financial Health Looking Up

By David Reiss

HUD has released the Annual Report to Congress Regarding the Financial Status of the Mutual Mortgage Insurance Fund Fiscal Year 2014. It appears that things are looking up for the FHA, particularly after last year’s mandatory appropriation from the Treasury, … Continue reading

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November 17, 2014 in Regulation | Permalink | No Comments

November 14, 2014

No Action on Financial Innovation?

By David Reiss

The Consumer Financial Protection Bureau issued a Request for Comment on a proposed policy regarding No-Action Letters. Under the proposed policy, the Bureau could issue no-action letters (NALs) to specific applicants in instances involving innovative financial products or services that … Continue reading

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November 14, 2014 in Regulation | Permalink | No Comments