- The Dynamics of Subprime Adjustable-Rate Mortgage Default: A Structural Estimation, Hanming Fang, You Jin Kim & Wenli Li, FRB of Philadelphia Working Paper No. 16-2.
- The Federal Home Loan Bank System and U.S. Housing Finance, W. Scott Frame, FRB Atlanta Working Paper No. 2016-2.
- Examination of Potential Misrepresentation in CMBS, Ruoyu Shao.
- Does Zoning Help or Hinder Transit-Oriented (Re)Development?, Jenny Schuetz, G. Giuliano & Eun Jin Shin.
- A Simple Model of Subprime Borrowers and Credit Growth, Alejandro Justiniano, Giorgio E. Primiceri & Andrea Tambalotti, CEPR Discussion Paper No. CP11083 (Paid Access).
- Enhancing the Urban Environment Through Green Infrastructure, John R. Nolon, Environmental Law Reporter, Vol. 46, No. 1, 2016.
- Spillover Effects of Continuous Forbearance Mortgages, Kadiri Karamon, Douglas A. McManus & Elias Yannopoulos.
- Hobby Lobby as a Land Use Case: Charting For-Profit RLUIPA Claims, Ross Campbell, NYU Journal of Law & Liberty, Vol. 10, No. 2, 2016, Forthcoming.
- A Forced Labor Theory of Property and Taxation, Theodore P. Seto, The Philosophy of Tax Law (Oxford University Press 2016), Forthcoming; Loyola Law School, Los Angeles Legal Studies Research Paper No. 2016-04.
Author Archives: Shea Cunningham
Tuesday’s Regulatory & Legislative Roundup
- Governor Cuomo announced a new program to investigate discrimination in housing rentals and sales, which uses undercover trained testers to act as potential home purchasers and renters.
Monday’s Adjudication Roundup
- Goldman Sachs Group Inc. settles for $27.5 million in an investor class action over toxic collateralized debt obligations. A New York federal judge has preliminarily approved the settlement.
- In Chapter 13 Bankruptcy, the plans must prioritize condominium liens, which the district court determined addresses not only payment, but also security, “and therefore doesn’t elevate the collateral of the lien.”
- NY Attorney General, Eric Schneiderman, states that Morgan Stanley will pay $3.2 billion to settle claims of misleading investors about the quality of the mortgage-backed securities it packaged prior to the financial crisis.
- Borrowers have filed suit against Bank of America NA for intentionally and systematically failing to release mortgage liens on their property when they repaid everything, creating affected property titles.
Friday’s Government Reports Roundup
- Last week, President Obama released the Fiscal Year (FY) 2017 Budget to Congress and HUD released its FY17 Budget Fact Sheet for its proposed budget prioritizing ending family homelessness and increasing opportunity.
- The Center on Budget and Policy Priorities released a paper on Supplemental Nutrition Assistance Program (SNAP) benefits for unemployed childless adults.
- The US Department of Housing and Urban Development released a report on its federal Choice Neighborhoods Initiative through which it aims to strengthen low-income neighborhoods. It has awarded 56 planning grants and 13 implementation grants for $500,000 and $30.5 million, respectively.
Thursday’s Advocacy & Think Tank Roundup
- Urban Institute released another brief on Choice Neighborhoods finding that a majority of children live in single-parent homes, in many of which the parent had not completed high school. In addition, families with children are more likely to use adult services, rather than child services.
- Trulia released data finding that certain demographic groups have seen a very large shift from homeowners to renters in the 50 largest U.S. metros.
Wednesday’s Academic Roundup
- (Un)Expected Housing Price Changes: Identifying the Drivers of Small Business Finance, Pavel S. Kapinos, Tami Gurley-Calvez & Kandice A. Kapinos.
- A Dynamic Housing Affordability Index, Steven C. Bourassa & Donald R. Haurin.
- Getting Residential Mortgage-Backed Securities Right: Why Governance Matters, June Rhee, Stanford Journal of Law, Business, and Finance, Vol. 20, No. 273, 2015.
- Mortgage Restructurings and Regulatory Arbitrage: Evidence from the JOBS Act, Kevin Roshak.
- Leveraging Federal Land Plans into Landscape Conservation, Robert Fischman, The George Washington Journal of Energy and Environmental Law, Vol. 6, No. 3, 2016, Forthcoming.
- Land Use Law Update: The 2015 Mid-Year Roundup, Sarah Adams-Schoen, 29 Municipal Lawyer 27 (Spring/Summer 2015).
- A Simple Model of Subprime Borrowers and Credit Growth, Alejandro Justiniano, Giorgio E. Primiceri & Andrea Tambalotti, CEPR Discussion Paper No. DP11083 (Paid Access).
- How Subprime Borrowers and Mortgage Brokers Shared the Pie, Antje Berndt, Burton Hollifield & Patrik Sandås, Real Estate Economics, Vol. 44, Issue 1, pp. 87-154, 2016 (Paid Access).
- Network Connections in REIT Markets, George D. Cashman, Stuart Gillan, David Harrison & Ryan J. Whitby.
- Long-Run Equilibrium Shift and Short-Run Dynamics of U.S. Home Price Tiers During the Housing Bubble, Damian S. Damianov & Diego Escobari, Journal of Real Estate Finance Economics, Forthcoming.
- Housing Inequality, David Albouy & Mike Zabek, NBER Working Paper No. w21916 (Paid Access).
- The Effect of a Metropolitan Area’s Price of Housing on Child and Young Adult Outcomes, David M. Blau & Donald R. Haurin.
Tuesday’s Regulatory & Legislative Roundup
- NYC Mayor Bill De Blasio released a new comprehensive zoning plan, arguing for taller buildings for affordable housing with fewer parking spaces.
- See also: City Planning Commission Report.
- The House Republicans have announced intent to form a six-committee task force to develop new policy agenda, including on issues of tax reform, poverty, opportunity and upward mobility.
