REFinBlog

Editor: David Reiss
Brooklyn Law School

July 11, 2016

Does Housing Finance Reform Still Matter?

By David Reiss

The Milken Institute’s Michael Bright and Ed DeMarco have posted a white paper, Why Housing Reform Still Matters. Bright was the principal author of the Corker-Warner Fannie/Freddie reform bill and DeMarco is the former Acting Director of the Federal Housing Finance … Continue reading

July 8, 2016

Spreading Mortgage Credit Risk

By David Reiss

The Federal Housing Finance Agency has released the Single-Family Credit Risk Transfer Progress Report. Important aspects of Fannie and Freddie’s future are described in this report. It opens, Since 2012, the Federal Housing Finance Agency (FHFA) has set as a strategic objective … Continue reading

June 8, 2016

What If . . . Fannie and Freddie Imploded?

By David Reiss

So, I was spending some quality time with the Federal Housing Finance Agency Office of the Inspector General’s most recent Semiannual Report to the Congress. The Federal Housing Finance Agency (FHFA) is the regulator of Fannie and Freddie as well … Continue reading

June 6, 2016

What Are Mortgage Borrowers Thinking?

By David Reiss

The Consumer Financial Protection Bureau (CFPB) and the Federal Housing Finance Agency (FHFA) have released A Profile of 2013 Mortgage Borrowers: Statistics from the National Survey of Mortgage Originations. While sounding dull and perhaps a bit dated, this document is actually … Continue reading

April 28, 2016

Republicans Ready for GSE Reform?

By David Reiss

Senator Shelby (R-AL), the Chair of the Senate Committee on Banking, Housing and Urban Affairs, sent a letter to the U.S. Government Accountability Office regarding the future of Fannie Mae and Freddie Mac, sometimes known as the “enterprises.” It provides an … Continue reading

April 22, 2016

Nonbank Mortgage Servicers and the Foreclosure Crisis

By David Reiss

The United States Government Accountability Office has issued a report, Nonbank Mortgage Servicers: Existing Regulatory Oversight Could Be Strengthened. The GAO found that The share of home mortgages serviced by nonbanks increased from approximately 6.8 percent in 2012 to approximately 24.2 … Continue reading

April 19, 2016

Principal-ed Forgiveness

By David Reiss

The Federal Housing Finance Agency announced a new program to implement principal reduction for seriously delinquent, underwater homeowners who meet the following criteria: Are owner-occupants. Are at least 90 days delinquent as of March 1, 2016. Have an unpaid principal balance … Continue reading