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

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