January 24, 2014

Preserving Low-Income Housing

By David Reiss

NYC Mayor De Blasio announced an aggressive goal of producing and preserving 200,000 units of affordable housing over the next ten years. New York City will need to be as creative as possible to achieve this goal and will need … Continue reading

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January 24, 2014 in Tax matters | Permalink | No Comments

January 10, 2014

Tax Incentives for Sustainable Homeownership

By David Reiss

Harris, Steuerle and Eng have published New Perspectives on Homeownership Tax Incentives in Tax Notes. The report presents three tax reforms designed to promote homeownership that are fundamentally different from earlier proposals. Many of those earlier proposals would convert existing … Continue reading

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January 10, 2014 in Tax matters | Permalink | No Comments

December 16, 2013

Reiss on “Sexy Tax Breaks” for Luxury Housing

By David Reiss

MainStreet.com quoted me in Luxury Real Estate with Sexy Tax Breaks. The story reads in part, Buying a high end property doesn’t always cost a fortune for the wealthy especially if there are tax breaks attached. debt payments actual Property … Continue reading

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December 16, 2013 in Tax matters | Permalink | No Comments

December 10, 2013

Imposing Order on Recording Chaos

By David Reiss

Dale Whitman has posted A Proposal for a National Mortgage Registry: MERS Done Right. This is great timing because he will be touching on some of the issues raised in this article in tomorrow’s webinar. His proposal for a national … Continue reading

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December 10, 2013 in Tax matters | Permalink | No Comments

September 30, 2013

Borden & Reiss on REMIC Failure, in a Big Way

By David Reiss

Brad and I posted REMIC Tax Enforcement as Financial-Market Regulator to SSRN (as well as to BePress). The article is forthcoming in the University of Pennsylvania Journal of Law and Business and it provides our extended analysis of how the … Continue reading

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September 30, 2013 in Tax matters | Permalink | No Comments

July 22, 2013

Dirty REMICs, Revisited

By David Reiss

Brad and I have posted, Dirty REMICs, Revisited (also on BePress).  The abstract reads: We review the differences between two visions for the residential mortgage markets, one driven by the goal of efficiency and the other driven by the goals … Continue reading

June 21, 2013

Massachusetts District Court Interprets Ibanez Narrowly in Deciding That Plaintiff-Homeowner Lacked Standing to Challenge Bank’s Standing to Foreclose

By Ebube Okoli

This action arose out of an attempted foreclosure by defendant Aurora Loan Services on plaintiff David Kiah’s property. Based on the recent holding from U.S. Bank National Ass’n v. Ibanez, 458 Mass. 637, 941 N.E.2d 40 (2011), Kiah sought a … Continue reading