Monthly Archives: March 2015
Tuesday’s Regulatory & Legislative Round-Up
March 17, 2015
by Serenna McCloud
Consumer Financial Protection Bureau: Supervisory Highlights Details Deficiencies in Mortgage Origination in Supervised Institutions Federal Housing Finance Agency Issues Final Rule Regarding Federal Home Loan Bank Capital Stock and Capital Plans
Read MoreArbitration and The Common Mortgage
March 16, 2015
by David Reiss
The Consumer Financial Protection Bureau posted its Arbitration Study. This is a report to Congress that was required by Dodd-Frank. By way of background, the study states that Companies provide almost all consumer financial products and services subject to the … Continue reading
Read MoreMonday’s Adjudication Roundup
by Shea Cunningham
BofA has asked a PA federal judge to dismiss a class action RICO suit alleging kickbacks from overpriced mortgage insurance claiming it is the same suit that was dismissed as time-barred by Third Circuit in October. Deloitte is potentially facing … Continue reading
Read MoreReiss on Toxic Debt Claims
March 13, 2015
by David Reiss
Bloomberg quoted me in Nomura First to Fight U.S. Toxic Debt Claims at Trial. The article reads in part, Nomura Holdings Inc. will defend claims by a U.S. regulator that it sold defective mortgage-backed securities to Fannie Mae and Freddie Mac … Continue reading
Read MoreFriday Government Report Roundup
by Shea Cunningham
US Treasury Department’s Community Development Financial Institutions Fund (CDFI Fund) released two reports discussing the difference in risk between conventional lenders and CDFIs. CDFIs Stepping into the Breach: An Impact Evaluation—Summary Report. Risk and Efficiency among CDFIs: A Statistical Evaluation … Continue reading
Read MoreReiss on Being Financially Overextended
March 12, 2015
by David Reiss
US News & World Report quoted me in 5 Signs You’re Financially Overextended. It reads in part, Are you managing your debt? Or is it managing you? If you’re stuck in a money quicksand trap, you may not even realize at first … Continue reading
Read MoreThursday’s Advocacy & Think Tank Round-Up
by Serenna McCloud
National Affordable Housing Coalition Releases it’s 2015 Advocates Guide an Educational Primer on Federal Resources Related to Affordable Housing and Community Development; and its March Housing Spotlight Issue entitled: Affordable Housing is Nowhere to be Found for Millions National Association Of … Continue reading
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