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

August 15, 2014

The Cost of Doing Nothing

By David Reiss

Yesterday, I wrote about the Securities Industry and Financial Markets Association (SIFMA)’s FHFA comment letter. Today I write about SIFMA’s comment letter in response to Treasury’s request for input relating to the future of the private-label securities market. Like the … Continue reading

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August 15, 2014 in CFPB | Permalink | No Comments

August 14, 2014

Housing Finance Abhors A Vacuum

By David Reiss

The Securities Industry and Financial Markets Association (SIFMA) released their comment letter to the Federal Housing Finance Agency’s request for input relating to the role of the Fannie and Freddie guarantee fee (g-fee) in the housing finance market. While clearly … Continue reading

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August 14, 2014 in CFPB | Permalink | No Comments

August 11, 2014

Reiss on The Future of the Private Label Securities Market

By David Reiss

I have posted The Future of the Private Label Securities Market to SSRN (as well as to BePress). I wrote this in response to the Department of Treasury’s request for input on this topic. The abstract reads, The PLS market, … Continue reading

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August 11, 2014 in CFPB | Permalink | No Comments

August 8, 2014

Conservative Underwriting or Regulatory Uncertainty?

By David Reiss

Jordan Rappaport (Federal Reserve Bank of Kansas City) and Paul Willen (Federal Reserve Bank of Boston) have posted a Current Policy Perspectives,Tight Credit Conditions Continue to Constrain The Housing Recovery. They write, Rather than cutting off access to mortgage credit … Continue reading

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August 8, 2014 in CFPB | Permalink | No Comments

August 6, 2014

Testing The CFPB’s New Financial Literacy Tools

By David Reiss

The Consumer Financial Protection Bureau has announced the launch of its “new online toolkit called Your Money, Your Goals, a comprehensive guide to empowered financial decision-making that covers topics like budgeting daily expenses, managing debt, and avoiding financial tricks and … Continue reading

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August 6, 2014 in CFPB | Permalink | No Comments