Editor: David Reiss
Brooklyn Law School

June 2, 2016

Ensuring Sustainable Homeownership

By David Reiss

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

November 16, 2015

FHA’s Clean Bill of Health

By David Reiss

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

October 20, 2015

Tuesday’s Regulatory & Legislative Update

By Serenna McCloud

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

September 25, 2015

CFPB Mortgage Market Rules

By David Reiss

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 24, 2015

Mortgage Market, Hiding in Plain Sight

By David Reiss

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 9, 2015

Better to Be a Banker or a Non-Banker?

By David Reiss

  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

August 28, 2015

Underwriting Sustainable Homeownership

By David Reiss

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