Monthly Archives: May 2016
Consumer Protection’s Holy Grail
May 11, 2016
by David Reiss
The Federal Financial Institutions Examination Council (FFIEC) has issued a notice and request for comment regarding the Uniform Interagency Consumer Compliance Rating System (the CC Rating System). The FFIEC’s six members represent the Federal Reserve Board, Federal Deposit Insurance Corporation, National Credit … Continue reading
Read MoreGentrification in NYC
May 10, 2016
by David Reiss
The NYU Furman Center released its annual State of New York City’s Housing and Neighborhoods (2015). This year’s report focused on gentrification: “Gentrification” has become the accepted term to describe neighborhoods that start off predominantly occupied by households of relatively low … Continue reading
Read MoreMortgage Servicers’ Unclean Hands
May 9, 2016
by David Reiss
Judge Butchko, sitting in a Florida Circuit Court, granted a homeowner’s motion for involuntary dismissal of a foreclosure because of the servicer’s unclean hands. There is a lot of interest in the order, but it is worth quoting at length the Court’s discussion … Continue reading
Read MoreArbitration and the Common Man
May 6, 2016
by David Reiss
Arthur Miller, the playwright who brought us Death of A Salesman, wrote an essay titled Tragedy and The Common Man. It opens, In this age few tragedies are written. It has often been held that the lack is due to … Continue reading
Read MoreClimate Change and Residential Real Estate
May 5, 2016
by David Reiss
Freddie Mac posted an Economic & Housing Research Insight, Life’s A Beach, that addresses the impact of climate change on residential real estate. It discusses the limitations of our potential responses: Even with significant and coordinated global action like that outlined … Continue reading
Read MoreThe Rental Crisis and Household Formation
May 4, 2016
by David Reiss
The Mortgage Bankers Association has posted a Special Report: Diverted Homeowners, the Rental Crisis and Foregone Household Formation. The report’s bottom line is that people who should have been homeowners have displaced people who should have been renters. Those displaced people have been left … Continue reading
Read MoreMoney ‘n Trees
May 3, 2016
by David Reiss
Money quoted me in 4 Things to Know Before You Prune a Tree. It opens, It turns out money does grow on trees. Mature specimens can add 10% or more to your property value, according to Greenwich, Conn., arborist and … Continue reading
Read More
