Monthly Archives: November 2014
Reiss on Lawsky’s Departure from DFS
November 19, 2014
by David Reiss
Bloomberg interviewed me for Lawsky Leaving After $3 Billion in Fines Makes a Mark. The article reads in part, When Ocwen Financial Corp. (OCN) shares soared on the news that regulator Benjamin Lawsky, who’s probing the company, will step down, … Continue reading
Read MoreCarney, Epstein, Macey & Reiss on GSE Litigation
November 18, 2014
by David Reiss
I was on an interesting panel today on the state of the Fannie/Freddie shareholder litigation. Judge Lamberth’s ruling in Perry Capital LLC v. Lew et al. was bad news for the plaintiffs in all of the shareholder suits. The panel … Continue reading
Read MoreFHA’s Financial Health Looking Up
November 17, 2014
by David Reiss
HUD has released the Annual Report to Congress Regarding the Financial Status of the Mutual Mortgage Insurance Fund Fiscal Year 2014. It appears that things are looking up for the FHA, particularly after last year’s mandatory appropriation from the Treasury, … Continue reading
Read MoreNo Action on Financial Innovation?
November 14, 2014
by David Reiss
The Consumer Financial Protection Bureau issued a Request for Comment on a proposed policy regarding No-Action Letters. Under the proposed policy, the Bureau could issue no-action letters (NALs) to specific applicants in instances involving innovative financial products or services that … Continue reading
Read MoreReiss on Privatization of Fannie and Freddie
November 13, 2014
by David Reiss
BadCredit.org profiled an article of mine in Brooklaw Professor Pushes for Privatization of Fannie Mae/Freddie Mac. The profile opens, Since the end of the Great Recession, policymakers, academics and economists have been struggling with a very difficult question — what … Continue reading
Read MoreHomeless in America
November 12, 2014
by David Reiss
The Department of Housing Urban Development released Part 1 of The 2014 Annual Homeless Assessment Report (AHAR) to Congress. Part 1 provides Point-in-Time Estimates of Homelessness. Its key findings include, In January 2014, 578,424 people were homeless on a given … Continue reading
Read MoreVeterans Day Then and Now
November 11, 2014
by David Reiss
Pericles, the greatest orator of Athens, had this to say more than 2,400 years ago when commemorating the sacrifices of his city’s soldiers during the Peloponnesian War: Our form of government is called a democracy because its administration is in … Continue reading
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