February 25, 2015

Wednesday’s Academic Roundup

By Shea Cunningham

Regulation and Liability of Credit Rating Agencies – A More Efficient European Law?, by Thomas M.J. Mollers & Charis Niedorf, ECRF 2014, 333-363. How Federal Tax Expenditures that Support Housing Contribute to Economic Inequality, by Henry Rose, Loyola University Chicago … Continue reading

January 28, 2015

Who Benefits from the Low Income Housing Tax Credit?

By David Reiss

HUD’s Office of Policy Development and Research has released a report, Understanding  Whom  the  LIHTC  Program  Serves: Tenants  in  LIHTC  Units  as  of  December  31,  2012. By way of background, The Low-Income Housing Tax Credit (LIHTC) Program provides tax credits … Continue reading

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

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

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

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 6, 2013

REMIC Armageddon on the Horizon?

By David Reiss

Brad Borden and I have warned that an unanticipated tax consequence of the sloppy mortgage origination practices that characterized the boom is that MBS pools may fail to qualify as REMICs.  This would have massively negative tax consequences for MBS … Continue reading