October 29, 2014

Reiss on Home Mortgage Disclosure Act Proposed Rulemaking

By David Reiss

I have submitted a Comment on Home Mortgage Disclosure Act Proposed Rulemaking to the Consumer Financial Protection Bureau.  Basically, I argue The Consumer Financial Protection Bureau’s Home Mortgage Disclosure Act proposed rulemaking (proposed Aug. 29, 2014) is a reasonable one.  … Continue reading

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October 29, 2014 in CFPB | Permalink | No Comments

October 28, 2014

Reiss on Who Should Be Providing Mortgage Credit to American Households?

By David Reiss

I have posted a short Response, Who Should Be Providing Mortgage Credit to American Households?, to SSRN (as well as to BePress).  The abstract reads, Who should be providing mortgage credit to American households? Given that the residential mortgage market is … Continue reading

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October 28, 2014 in CFPB | Permalink | No Comments

October 23, 2014

Tall Mortgage Tales

By David Reiss

Todd Zywicki has posted The Behavioral Law and Economics of Fixed-Rate Mortgages (and Other Just-So Stories) to SSRN. The article contains SPOILER ALERT! a spoof, in order to make a larger point. The abstract reads, A major cause of the … Continue reading

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October 23, 2014 in CFPB | Permalink | No Comments

October 10, 2014

Dodd-Frank Mortgage Rules Readiness Guide

By David Reiss

The CFPB issued Version 3.0 of its 2014 CFPB Dodd-Frank Mortgage Rules Readiness Guide “to help financial institutions come into and maintain compliance with the new mortgage rules outlined in Part I of this Guide. . . .. This Guide … Continue reading

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October 10, 2014 in CFPB | Permalink | No Comments

October 9, 2014

A Framework For Housing Finance

By David Reiss

The Government Accountability Office has released Housing Finance System: A Framework for Assessing Potential Changes. The GAO writes, To help policymakers assess various proposals for changing the single-family housing finance system and consider ways in which the system could be … Continue reading

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October 9, 2014 in CFPB | Permalink | No Comments

September 16, 2014

Gimme More Mortgage Data!

By David Reiss

People are always talking about the value of data about web browsing habits. They don’t talk nearly enough about the value of data about mortgage shopping habits. Regulators and researchers do not know nearly enough about how borrowers and lenders … Continue reading

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September 16, 2014 in CFPB | Permalink | No Comments

August 20, 2014

Protecting Homeowners During Mortgage Servicing Transfers

By David Reiss

The Consumer Financial Protection Bureau has issued a Compliance Bulletin and Policy Guidance on Mortgage Servicing Transfers (Bulletin 2014-01). Mortgage Serving Transfers have been receiving a lot of attention (also here) recently from regulators as the servicing industry is going … Continue reading

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August 20, 2014 in CFPB | Permalink | No Comments