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 CFPB | Permalink | No Comments

November 13, 2014

Reiss on Privatization of Fannie and Freddie

By David Reiss

BadCredit.org profiled an article of mine in Brooklaw Professor Pushes for Privatization of Fannie Mae/Freddie Mac. The profile opens, Since the end of the Great Recession, policymakers, academics and economists have been struggling with a very difficult question — what … Continue reading

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November 13, 2014 in CFPB | Permalink | No Comments

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