Monthly Archives: June 2015
Tuesday’s Regulatory & Legislative Round-Up
June 16, 2015
by Serenna McCloud
2016 Transportation Housing and Urban Development Bill passed in the House of Representatives – funding for certain programs, such as section 8 has been increased, however according to Enterprise Community partners (see Budget chart), it underfunds other critical federal housing and community … Continue reading
Read MoreAIG’s “Victory” and the GSE Litigation
June 15, 2015
by David Reiss
Court of Federal Claims Judge Wheeler issued an Opinion and Order in Starr International Company, Inc. v. United States, No. 11-779C (June 15, 2015), the case that Hank Greenberg brought against the government over the terms of the bailout of … Continue reading
Read MoreMonday’s Adjudication Roundup
by Shea Cunningham
The CFPB increased PHH Corp.’s penalty to $109 million from $6.4 million on appeal, while upholding an administrative judge’s ruling that the firm was involved in a mortgage insurance kickback scheme. A class of PHH borrowers have been granted cert … Continue reading
Read MoreReiss on Big Kickback Penalty
June 12, 2015
by David Reiss
Law360 quoted me in CFPB Ruling Adds New Front In Administrative Law Fight (behind a paywall). The story opens, Consumer Financial Protection Bureau Director Richard Cordray’s decision last week upholding an administrative ruling against PHH Mortgage Corp. and jacking up the firm’s … Continue reading
Read MoreFriday’s Government Reports
by Serenna McCloud
Consumer Financial Protection Bureau (CFPB) recently released a report entitled A Closer Look a Reverse Mortgage Advertisements and Consumer Risks which discusses its findings regarding the failure of reverse mortgage ads to mention the considerable risks involved in reverse mortgage loans (while extolling … Continue reading
Read MoreRenting in America’s Largest Cities
June 11, 2015
by David Reiss
Following up on an earlier graphic they produced, the NYU Furman Center and Capital One have issued a report, Renting in America’s Largest Cities. The Executive Summary reads, This study includes the central cities of the 11 largest metropolitan areas in the … Continue reading
Read MoreThursday’s Advocacy & Think Tank Round-Up
by Serenna McCloud
The MacArthur Foundation’s report on the findings of its, How Housing Matters Survey – reveals a lasting perception that the Housing Crisis persists. NYU Furhman Center released the third in a five part series of policy briefs on affordable housing. The … Continue reading
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