How to Make NYC Affordable?

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The Community Service Society released a report, An Affordable Place to Live (written by Waters and Bach). The report is intended to state “What New Yorkers Want From the New Mayor” from the perspective of low-income New Yorkers. Given that Mayor De Blasio campaigned on the theme of a Tale of Two Cities, this report… Read more »

Weigh in on Mortgage Closing “Pain Points”

Posted by & filed under CFPB, Uncategorized.

The Consumer Finance Protection Bureau has issued a Request for Information Regarding the Mortgage Closing Process. The CFPB wants information from the public about mortgage closing. Specifically, the Consumer Financial Protection Bureau (CFPB) seeks information on key consumer “pain points” associated with mortgage closing and how those pain points might be addressed by market innovations… Read more »

Reiss on Myths of the Fed

Posted by & filed under Regulation, Uncategorized.

Bankrate.com quoted me in a story, 5 Myths Debunked About The Federal Reserve. it reads in part, Assassination, foreign control and money printing: the stuff of a motion picture thriller? Not in this case. They’re all the fodder for wild and surprisingly popular myths surrounding the nation’s central bank, the Federal Reserve. It does wield… Read more »

Reiss on Watt Confirmation

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Law360 interviewed me about the Senate confirmation of Mel Watt as the Director of the Federal Housing Finance Agency in Fannie, Freddie’s Footprint Could Grow Under New FHFA Head. The article reads in part, The U.S. mortgage industry is in for a sea change as Rep. Mel Watt, D-N.C., takes the helm of the Federal… Read more »

Imposing Order on Recording Chaos

Posted by & filed under Downstream litigation commentary, Foreclosures, MBS industry commentary, Regulation, State and local tax matters, Uncategorized.

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 mortgage registry also shares things in common with elements of Adam Levitin‘s recent proposal. Whitman’s… Read more »

A Review of “Reckless Endangerment”

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The 2008 Financial Crisis and subsequent fall of Lehman has been a recent point of fascination. HBO released its acclaimed “Too Big to Fail”; Kevin Spacey starred in “Margin Call”; even Michael Douglas’ “Wall Street” saw a revamp with a sequel starring Shia LaBoeuf. In the academic sphere, the crisis has certainly been susceptible to… Read more »

Brooklyn’s New Center for Urban Business Entrepreneurship

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Brooklyn Law School has announced a new venture, the Center for Urban Business Entrepreneurship (CUBE), that will encompass much of the work that Brad Borden and I do, including this very blog.  The press release reads: Brooklyn has become a world magnet for new businesses. Today, the Brooklyn Tech Triangle (DUMBO, Downtown Brooklyn, and the… Read more »