- The Effect of Economic Growth of a City on Its Neighboring Areas – Evidence from the US, T.M. Tonmoy Islam.
- Realigning Metrics of Economic Well-Being in Residential and Commercial Development Through Sustainable Land Use Planning, Blake Hudson, Washburn Law Journal, Vol. 54, 2015.
- Did the Financial Reforms of the Early 1990s Fail? A Comparison of Bank Failures and FDIC Losses in the 1986-92 and 2007-13 Periods, Eliana Balla, Edward S. Prescott & John R. Walter, FRB Richmond Working Paper No. FEDRWP15-05.
- Consumer Spending and Property Taxes, Paolo Surico & Riccardo Trezzi, FEDS Working Paper No. 2015-057.
- Disparate Impact and the Role of Classification and Motivation in Equal Protection Law after Inclusive Communities, Samuel R. Bagenstos, Cornell Law Review, Vol. 101, Forthcoming.
- The Behaviour of Housing Developers and Aggregate Housing Supply, Jacek Laszek & Krzysztof Olszewski, NBP Working Paper No. 206.
- Boundary Work in Black Middle-Class Communities, Stephen Clowney, 2 Savannah Law Review 225 (2015).
Author Archives: Shea Cunningham
Monday’s Adjudication Roundup
- Building investors sue Waterbridge Capital LLC for $10 million for allegedly selling units and pocketing profits, refusing to pay back its investors.
- Hurricane Sandy $25 million contract-insurance suit is dismissed against one of the defendants, Arch Insurance Group and its subsidiary, because the underlying policy limits hadn’t been reached and thus Arch did not have any liability.
- In $189 million mortgage fraud suit, the federal government claims that Wells Fargo cannot access documents it withheld because “the release of some documents doesn’t waive protects for all of them.”
- The Federal Deposit Insurance Corp. sues US Bank and Citigroup, Inc. for allegedly failing as trustee of residential mortgage-backed securities leading to a $695 million loss to the insurance fund.
Wednesday’s Academic Roundup
- The Impact on LEED Neighborhood Certification on Condo Prices, Julia Freybote, Hua Sun & Xi Yang, Real Estate Economics, Vol. 43, Issue 3, pp. 586-608, 2015.
- Information Externalities, Neighborhood Characteristics and Home Mortgage Pricing and Underwriting, Ioan Voicu, Irina Paley, Andres E. Lopex, Irene Fang, Real Estate Economics, Vol. 43, Issue. 3, pp. 719-749, 2015.
- Do House Price Levels Anticipate Subsequent Price Changes within Metropolitan Areas?, Nai Jia Lee, Tracey Seslen & William C. Wheaton, Real Estate Economics, Vol. 43, Issue 3, pp. 782-806, 2015.
- Foreclosure Discount: Definition and Dynamic Patterns, Hangqing Zhou, Yuan Yuan, Christopher Lako, Michael Sklarz & Charles McKinney, Real Estate Economics, Vol. 43, Issue 3, pp. 682-718, 2015.
Monday’s Adjudication Roundup
- Plaintiffs in class action suit against JPMorgan Chase & Co., who were fraudulently charged unnecessary home inspection fees, argue that the bank cannot avoid class certification because Chase admitted that “determining whether an inspection was reasonable requires an assessment of the borrower’s and property’s individual circumstances.” The plaintiffs claim “Chase cannot turn back time and do now what it was required to do then.”
- Deutsche Bank AG and Massachusetts Mutual Life Insurance Co. settle in suit accusing Deutsche Bank of misleading investors over approximately $125 million in residential mortgage-backed securities by failing to determine the accuracy of the statements in its offering documents.
Friday’s Government Reports Roundup
- HUD releases report of its activities, for instance, to assess its efforts on homelessness, housing vouchers, energy efficiency in multifamily housing.
- The Government Accountability Office releases report, which finds that “qualified mortgage (QM) and qualified residential mortgage (QRM) regulations are unlikely to have a significant effect on the availability or securitization of mortgages in the current market.”
- CFPB releases “2015 Plain Writing Act Compliance Report”, which gives information about what documents executive agencies are required to use plain language in.
- CFPB releases report on eClosings, finding that they can benefit consumers.
Wednesday’s Academic Roundup
- Housing Markets and Unconventional Monetary Policy, Charles Rahal.
- The Effect of Housing Wealth Shocks on Work and Retirement Decisions, Jaclene Begley & Sewin Chan.
- Millennials, Baby Boomers, and Rebounding Multifamily Home Construction, Jordan Rappaport, Federal Reserve Bank of Kansas City Working Paper.
- House Money and Entrepreneurship, Sari Pekkala Kerr, William R. Kerr & Ramana Nanda, Harvard Business School Entrepreneurial Management Working Paper No. 15-069.
- The Rescue of Fannie Mae and Freddie Mac, W. Scott Frame, Andreas Fuster, Joseph S. Tracy, & James I. Vickery, FRB Atlanta Working Paper No. FEDAWP2015-02.
- Second Homes: Households’ Life Dream or (Wrong) Investment?, Marianna Brunetti & Costanza Torricelli, CEIS Working Paper No. 351.
- Holding Deposit Agreements: Pre-Tenancy Obligations and Rights, Samuel Beswick, Landlord & Tenant Review, vol. 19(4), pp. 143-147, 2015.
- Housing Tenure and Unemployment, Richard K. Green & Bingbing Wang.
Monday’s Adjudication Roundup
- NY federal court approves Citigroup Global Markets Inc., Goldman Sachs & Co. and UBS Securities LLC settlement for $235 million in class action from pension fund for false prospectuses in mortgage-backed securities.
- Better Markets, a financial reform advocacy group, files brief in support of $1.3 billion penalty for Bank of America Corp. for fraud in one of its programs, “Hustle”, which allegedly ripped off Fannie Mae and Freddie Mac.
- Investors filed suit against US Bank NA in New York for failing to act in their best interests in regard to mortgage-backed security trust losses.
