Monthly Archives: June 2015
The Silent Housing Crisis
June 30, 2015
by David Reiss
The J. Ronald Terwilliger Foundation for Housing America’s Families, a new entity, has issued its first white paper on the Silent Housing Crisis: A Snapshot of Current and Future Conditions. The paper covers some of the same ground as another … Continue reading
Read MoreTuesday’s Regulatory & Legislative Round-Up
by Serenna McCloud
U.S. Department of Housing and Urban Development Issues a Revised Rental Assistance Demonstration (RAD) notice, RAD which is the program by which Public Housing Authorities obtain funding for project based rental assistance. The revised notice, among other things, increases the … Continue reading
Read MoreCFPB Mortgage Highlights
June 29, 2015
by David Reiss
The Consumer Financial Protection Bureau issued its most recent Supervisory Highlights. The CFPB is “committed to transparency in its supervisory program by sharing key findings in order to help industry limit risks to consumers and comply with Federal consumer financial law.” … Continue reading
Read MoreMonday’s Adjudication Roundup
by Shea Cunningham
Massachusetts’s federal court found that a unit of Deutsche Bank AG failed to vet some residential mortgage-backed securities, which mislead Massachusetts Mutual Life Insurance Co. US Bank filed an amended complaint claiming that Citigroup Global Markets Realty Corp. and CitiMortgage … Continue reading
Read MoreHomeowners Heading to Pottersville?
June 26, 2015
by David Reiss
The Urban Institute has issued a report, Headship and Homeownership: What Does The Future Hold? The report opens, Homeownership rates averaged around 64 percent until about 1990, when they began to climb dramatically, reaching 67.3 percent in 2006. The housing crisis that … Continue reading
Read MoreFriday’s Government Reports
by Serenna McCloud
Consumer Financial Protection Bureau (“CFPB”) announces access to the consumer complaint database where users can read consumer narratives and download complaint data as desired. The CFPB describes it as an enhanced public-facing consumer complaint database, which includes for the first time … Continue reading
Read MoreSCOTUS Upholds Disparate Impact
June 25, 2015
by David Reiss
The United States Supreme Court held today that disparate-impact claims are cognizable under the Fair Housing Act in Texas Department of Housing and Community Affairs et al. v. The Inclusive Communities Project Inc., (No 13-1371). The conventional wisdom had been that the … Continue reading
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