June 2, 2016
Ensuring Sustainable Homeownership
My short article, Ensuring That Homeownership Is Sustainable, was just published in the Westlaw Journal, Bank & Lender Liability. It opens, The Federal Housing Administration has suffered as a result of many of the same unrealistic underwriting assumptions that led to problems … Continue reading
June 2, 2016 in Federal Housing Administration | Permalink | No Comments
November 16, 2015
FHA’s Clean Bill of Health
The Federal Housing Administration released its Annual Report to Congress on the Financial Status of the FHA Mutual Mortgage Insurance Fund. The MMIF covers the lion’s share of the FHA’s mortgage insurance obligations. In his forward to the report, HUD … Continue reading
November 16, 2015 in Federal Housing Administration | Permalink | No Comments
October 20, 2015
Tuesday’s Regulatory & Legislative Update
The Consumer Financial Protection Bureau (CFPB) has finalized a Rule to expand reporting requirements imposed upon financial institutions under the Home Mortgage Disclosure Act (HMDA). Dodd-Frank included a mandate directing the CFPB to collect metrics to allow, among other things, a better … Continue reading
October 20, 2015 in Federal Housing Administration | Permalink | No Comments
September 25, 2015
CFPB Mortgage Market Rules
Law360 quoted me in Questions Remain Over CFPB Mortgage Rules’ Market Effects (behind a paywall). The story highlights the fact that the jury is still out on exactly what a mature, post-Dodd-Frank mortgage market will look like. As I blogged yesterday, … Continue reading
September 25, 2015 in Federal Housing Administration | Permalink | No Comments
September 24, 2015
Mortgage Market, Hiding in Plain Sight
I blogged about the Center for Responsible Lending’s take on the 2014 Home Mortgage Disclosure Act (HMDA) data yesterday. The mere act of aggregating this data reveals so much about the state of the mortgage market. Today I am digging into … Continue reading
September 24, 2015 in Federal Housing Administration | Permalink | No Comments
September 9, 2015
Better to Be a Banker or a Non-Banker?
The Community Home Lenders Association (CHLA) has prepared an interesting chart, Comparison of Consumer and Financial Regulation of Non-bank Mortgage Lenders vs. Banks. The CHLA is a trade association that represents non-bank lenders, so the chart has to be read in … Continue reading
September 9, 2015 in Federal Housing Administration | Permalink | No Comments
August 28, 2015
Underwriting Sustainable Homeownership
I have posted Underwriting Sustainable Homeownership: The Federal Housing Administration and the Low Down Payment Loan to SSRN (and to BePress). It is forthcoming in the Georgia Law Review. The abstract reads, The United States Federal Housing Administration (“FHA”) has been … Continue reading
August 28, 2015 in Federal Housing Administration | Permalink | No Comments
