March 27, 2015

Friday’s Government Reports Roundup

By Shea Cunningham

CFPB releases report of KPMG audit of its operations and budget. In the report, CFPB agrees with KPMG’s findings about control deficiencies and is aiming to fix such deficiencies. FHFA releases report on progress of Fannie/Freddie Conservatorships in advancing access … Continue reading

March 23, 2015

Monday’s Adjudication Roundup

By Shea Cunningham

Court denies US Bank’s opportunity to revive suit against Citigroup over hundreds of millions of dollars in mortgage-backed securities sold during the financial crisis. IL court refuses to dismiss suit against Bank of America over lowering underwriting standards for borrowers … Continue reading

March 10, 2015

Countercyclical Regulation of Housing Finance

By David Reiss

Pat McCoy has posted Countercyclical Regulation and Its Challenges to SSRN. The abstract reads, Following the 2008 financial crisis, countercyclical regulation emerged as one of the most promising breakthroughs in years to halting destructive cycles of booms and busts. This … Continue reading

February 20, 2015

Friday’s Government Report Roundup

By Shea Cunningham

CRS Report, ‘Community Development Financial Institutions (CDFI): Programs and Policy Issues’, by Sean Lowry. (Need Bloomberg BNA Subscription) Consumers’ mortgage shopping experience, by CFPB. HUD Subsidized More Than 106,000 Noncompliant Households. (Discussing HUD’s large-scale failure in oversight of requirement that … Continue reading

November 25, 2014

Housing Finance Reform at a Glance

By David Reiss

The Urban Institute has posted its November Housing Finance At A Glance.  This is a really valuable resource. The introduction provides a nice overview of recent developments in the area: With a sweeping midterm election victory for the GOP, the … Continue reading

November 17, 2014

FHA’s Financial Health Looking Up

By David Reiss

HUD has released the Annual Report to Congress Regarding the Financial Status of the Mutual Mortgage Insurance Fund Fiscal Year 2014. It appears that things are looking up for the FHA, particularly after last year’s mandatory appropriation from the Treasury, … Continue reading

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