- The Office of the Comptroller of the Currency released a report on mortgage performance.
- CFPB releases its Consumer Response Annual Report analyzing the complaints it received in 2014 and its fourth annual Fair Debt Collection Practices Act
- FHFA releases its 2014 fourth quarter Foreclosure Prevention Report stating the foreclosure prevention actions by Fannie Mae and Freddie Mac.
- HUD releases report in which it evaluates the Neighborhood Stabilization Program.
Author Archives: Shea Cunningham
Wednesday’s Academic Roundup
- The Role of Prepayment Penalties in Mortgage Loans, by Andrea Beltratti, Matteo Benetton & Alessandro Gavazza, CEPR Discussion Paper No. DP10504.
- Inclusion by Design, Thinking Beyond a Civil Rights Paradigm, by Robin Paul Malloy, Land Use Law and Disability: Planning and Zoning for Accessible Communities, Cambridge University Press, 2015.
- Cancer Diagnoses and Household Debt Overhang, by Arpit Gupta, Edward R. Morrison, Catherine Fedorenko & Scott D. Ramsey, Columbia Law and Economics Working Paper No. 514.
- Zoning and Land Use Planning: How Real is Gentrification, by Michael Lewyn, 43 Real Est. L.J. 344 (Winter 2014).
- Maximizing Inclusionary Zoning’s Contributions to Both Affordable Housing and Residential Integration, by Tim Iglesias, Washburn Law Journal, Vol. 54, No. 4, 2015.
- Securitization and Mortgage Default, by Ronel Elul, FRB of Philadelphia Working Paper No. 15-15.
- The Effect of Large Investors on Asset Quality: Evidence from Subprime Mortgage Securities, by Manuel Adelino, W. Scott Frame, & Kristopher Gerardi, FRB Atlanta Working Paper No. 2014-4.
Monday’s Adjudication Roundup
- HSBC facing suit for breaching its duties as trustee for 271 residential mortgage-backed securities trusts.
- The US Supreme Court considered whether debtors should have an absolute right to appeal denial of proposed bankruptcy plan after three circuit courts have found that debtors can automatically can appeal, while in other jurisdictions, the bankruptcy judge must permit the appeal.
- BNP Paribas Mortgage Corp. suit from 2009 regarding Bank of America’s mishandling of hundreds of millions of dollars of mortgage-backed notes issued by Taylor Bean & Whitaker Mortgage Corp. finally settles.
Wednesday’s Academic Roundup
- Lottery Allocations and Games for Public Rental Apartments, by Zhan Wang, Jinpeng Ma, & Hongwei Zhang, March 1, 2015.
- Wages, Housing Prices and Commutes, by Tom Mayock, Real Estate Economics, Forthcoming.
- Financial Literacy, Broker-Borrower Interaction, and Mortgage Default, by James Neil Conklin, Real Estate Economics, Forthcoming.
- Is Timing Everything? Race, Homeownership, and Net Worth in the Tumultuous 2000s, by Sandra J. Newman, Real Estate Economics, Forthcoming.
- Option Market-Based Predictors of REIT Leverage Changes, by Paul Borochin, John L. Glascock, Ran Lu-Andrews, & Jie Yang, Georgetown McDonough School of Business Research Paper No. 2577414.
- Rent-to-Own Housing Contracts Under Financial Constraints, by Sanjiv Jaggia & Pratish Patel, March 10, 2015.
Monday’s Adjudication Roundup
- New Jersey Condominium Association files a complaint alleging that the U.S. Federal Emergency Management Agency (FEMA) breached its contracts by failing to pay flood insurance benefits for damage from Hurricane Sandy.
- The US Supreme Court justices are reviewing an Eleventh Circuit decision that allows second-mortgage liens to disappear for Chapter 7 debtors when the first mortgage is undersecured. The justices expressed concern in letting this happen.
- Federal Deposit Insurance Corp. suit against RBS Securities Inc. for $140 million over residential mortgage-backed securities is dismissed as time-barred under recent US Supreme Court ruling in CTS Corp. v. Waldburger.
- UBS Americas Inc. has settled confidentially with Capital Ventures International over alleged $109 million of risky mortgage-backed securities.
Friday’s Government Reports Roundup
- CFPB releases report of KPMG audit of its operations and budget. In the report, CFPB agrees with KPMG’s findings about control deficiencies and is aiming to fix such deficiencies.
- FHFA releases report on progress of Fannie/Freddie Conservatorships in advancing access to credit and loss mitigation/foreclosure prevention, among other improvements.
- Report from NYC Department of Investigation raises concerns for health and safety of those in homeless shelters.
- Report from the National Low Income Housing Coalition (NLIHC) claims: “Affordable Housing is Nowhere to be Found for Millions.
Wednesday’s Academic Roundup
- Regional Redistribution Through the U.S. Mortgage Market, by Erik Hurst, Benjamin J. Keys, Amit Seru and Joseph Vavra, NBER Working Paper No. w21007.
- Will the Bubble Burst Be Revisited, by P.D. Aditya, March 8, 2015.
- Data & Civil Rights: Housing Primer, by Alex Rosenblat, Kate Wikelius, Danah Boyd, Seeta Peña Gangadharan, & Corrine Yu, Data & Civil Rights Conference, Oct. 2014.
- What Have They Been Thinking? Homebuyer Behavior in Hot and Cold Markets – A 2014 Update, by Karl E. Case, Robert J. Shiller, & Anne K. Thompson, Cowles Foundation Discussion Paper No. 1876R.
- Supply Restrictions, Subprime Lending and Regional US House Prices, André K. Anundsen & Christian Heebøll, CESifo Working Paper Series No. 5236.
- A Quantitative Analysis of the U.S. Housing and Mortgage Markets and the Foreclosure Crisis, by Satyajit Chatterjee & Burcu Eyigungor, FRV of Philadelphia Working Paper No. 15-13.
- Alcohol- and Drug-Free Housing: A Key Strategy in Breaking the Cycle of Addiction and Recidivism, by Susan F. Mandiberg & Richard Harris, McGeorge Law Review, Forthcoming.
- The International Problem of Skyrocketing Rent: Why Increased Rent Can Hurt the Economy, Fatima Al Matar, March 17, 2015.
