- The Government Accountability Office released a report on the growth of nonbank servicers in the mortgage market, finding that these servicers have increased their market share from 6.8 percent in 2012 to 24.2 percent in 2015.
- The Center on Budget and Policy Priorities reports that rental assistance funding has fallen dramatically over the past six years, likely due to the Budget Control Act of 2011.
Author Archives: Shea Cunningham
Thursday’s Advocacy & Think Tank Roundup
- A study, The Association Between Income and Life Expectancy in the United States, led by Raj Chetty has found that the gap between life spans of low-income and high-income persons increased from 2001 to 2014.
- Harvard’s Joint Center for Housing Studies released report, Challenges and Opportunities in Creating Healthy Homes: Helping Consumers Make Informed Decisions, examining the health concerns of American homeowners and renters.
Wednesday’s Academic Roundup
- How Does Bank Capital Affect the Supply of Mortgages? Evidence from a Randomized Experiment, Valentina Michelangeli & Enrico Sette, BIS Working Paper No. 557.
- Housing Schemes, Price Fixation of Houses and Other Related Issues: A Study, Mukund Sarda.
- The Dynamics of Mortgage Debt in Default, Helu Jiang & Juan M. Sanchez, Economic Synopses, Issue 3, 2016.
- Green Home Standards: Information and Incentives, James Charles Smith, Houston Law Review, Forthcoming; UGA Legal Studies Research Paper No. 2015-15.
- Explaining the U.S. Housing Bubble: Are CDOs to Blame?, Thomas Bernardin.
- Valuing Real Options in Real Estate: A Spatial Study of the Option to Redevelop, Henry J. Munneke & Kiplan S. Womack.
- The Impact of Capital Expenditures on Property Performance in Commercial Real Estate, Chinmoy Ghosh & Milena T. Petrova.
- Class Differences in Real Estate Private Equity Fund Performance, Lynn M. Fisher & David J. Hartzell, Journal of Real Estate Finance and Economics, Vol. 52, No. 4, 2016.
- Real Estate Fund Flows and the Flow-Performance Relationship, David H. Downs, Steffen P. Sebastian, Christian Weistroffer & Rene-Ojas Woltering, Journal of Real Estate Finance and Economics, Vol. 52, No. 4, 2016.
- Systemic Banks, Mortgage Supply and Housing Rents, Pedro Gete & Michael Reher.
- Stirring Up a Hornets’ Nest: Geographic Distribution of Crime, Sebastian Galiani, Ivan G. Lopez Cruz & Gustavo Torrens.
Tuesday’s Regulatory & Legislative Roundup
- New York City has announced a new comprehensive plan with a focus on efficiently assisting the homeless population.
- The House Agriculture Appropriations Subcommittee marked up its Fiscal Year 2017 spending bill, proposing $31 million in increases to the US Department of Agriculture Rural Housing programs.
- The Federal Housing Finance Agency will allow a limited, onetime mortgage principal reduction for borrowers that have fallen behind on monthly payments. This temporarily reverses the policy for Fannie Mae and Freddie Mac.
Monday’s Adjudication Roundup
- Goldman Sachs settled for $5.06 billion with federal and state authorities for its conduct leading up to the financial crisis in the residential mortgage-backed securities market.
- Credit Suisse will pay $50 million in mortgage-backed securities suit to settle allegations that it lied about the securities it had sold to two credit unions.
- RBS Securities files a reply brief arguing that Fannie Mae and Freddie Mac should have seen the bad loans coming and thus the federal district court erred in its judgment in levying $806 million penalty on another bank.
Friday’s Government Reports Roundup
- The S. Department of Housing & Urban Development released new data on Housing Credit tenants, finding that nearly 60 percent earn less than $20,000 per year, as of the end of 2013.
Thursday’s Advocacy & Think Tank Roundup
- A new report, The Community Listening Project, finds that in Washington D.C., one of the most dominant stressors for low-income residents is finding and maintaining affordable housing.
- The National Alliance to End Homelessness released is 2016 State of Homelessness in America report, finding that 33 states have reported decreases in overall homelessness, while 16 states reported increases.