July 29, 2014

Good Data Makes Good Mortgages

By David Reiss

The CFPB issued a proposed rule about increasing the quality of information that lenders report about mortgage applications. The press release regarding the proposed rule states that these changes will ease the reporting burden on lenders, and that may very … Continue reading

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July 29, 2014 in CFPB | Permalink | No Comments

July 25, 2014

Financial Literacy Rehash

By David Reiss

The Consumer Financial Protection Bureau released its second Financial Literacy Annual Report. In blogging about last year’s report, I noted that the CFPB assumed that financial education worked more than research had shown it to work. Unfortunately, this report seems … Continue reading

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July 25, 2014 in CFPB | Permalink | No Comments

June 13, 2014

S&P: Future of Private-Label RMBS Uncertain

By David Reiss

S&P has posted an Executive Comment, Lifted By Improving Economic Conditions, The U.S. Leads The Global Securitization Rebound–But Headwinds Remain. It concludes, After surviving its first severe test, the market for securitization is slowly emerging from a sharp downturn, demonstrating … Continue reading

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June 13, 2014 in CFPB | Permalink | No Comments

May 14, 2014

Watt’s up with Fannie and Freddie

By David Reiss

There has been a lot of press coverage of FHFA Director Watt’s first public speech since taking on his job. Watt emphasized that we must ensure that Fannie Mae and Freddie Mac operate in a safe and sound manner.  It … Continue reading

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May 14, 2014 in CFPB | Permalink | No Comments

May 13, 2014

Reiss on High Loan Fees

By David Reiss

CRM Buyer quoted me in On-Premises Banks Stick It to Walmart Customers. It opens, Walmart customers who use the banking services provided inside the chain’s stores are among the highest payers of fees — especially overdraft fees — in the … Continue reading

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May 13, 2014 in CFPB | Permalink | No Comments

April 16, 2014

Can You Help Someone Become Financially Capable?

By David Reiss

Researchers at the World Bank have posted Can You Help Someone Become Financially Capable? A Meta-Analysis of the Literature.The abstract reads, This paper presents a systematic and comprehensive meta-analysis of the literature on financial education interventions.  The analysis focuses on financial … Continue reading

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April 16, 2014 in CFPB | Permalink | No Comments

April 8, 2014

Reiss on New Residential Real Estate Exchange

By David Reiss

NationSwell quoted me in Can’t Afford a Down Payment? Let Investors Help You Buy Your Home. It reads in part, Enter PRIMARQ, the world’s first residential real-estate equity exchange — a soon-to-launch venture of San Francisco entrepreneur Steve Cinelli. Can’t … Continue reading

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April 8, 2014 in CFPB | Permalink | No Comments