June 16, 2015
Tuesday’s Regulatory & Legislative Round-Up
2016 Transportation Housing and Urban Development Bill passed in the House of Representatives – funding for certain programs, such as section 8 has been increased, however according to Enterprise Community partners (see Budget chart), it underfunds other critical federal housing and community … Continue reading
June 16, 2015 in Brooklyn Law School | Permalink | No Comments
June 15, 2015
Monday’s Adjudication Roundup
The CFPB increased PHH Corp.’s penalty to $109 million from $6.4 million on appeal, while upholding an administrative judge’s ruling that the firm was involved in a mortgage insurance kickback scheme. A class of PHH borrowers have been granted cert … Continue reading
June 15, 2015 in Brooklyn Law School | Permalink | No Comments
June 12, 2015
Friday’s Government Reports
Consumer Financial Protection Bureau (CFPB) recently released a report entitled A Closer Look a Reverse Mortgage Advertisements and Consumer Risks which discusses its findings regarding the failure of reverse mortgage ads to mention the considerable risks involved in reverse mortgage loans (while extolling … Continue reading
June 12, 2015 in Brooklyn Law School | Permalink | No Comments
June 11, 2015
Thursday’s Advocacy & Think Tank Round-Up
The MacArthur Foundation’s report on the findings of its, How Housing Matters Survey – reveals a lasting perception that the Housing Crisis persists. NYU Furhman Center released the third in a five part series of policy briefs on affordable housing. The … Continue reading
June 11, 2015 in Brooklyn Law School | Permalink | No Comments
June 10, 2015
Wednesday’s Academic Roundup
Racial Discrepancy in Mortgage Interest Rates, by Ping Cheng, Zhenguo Lin, & Yingchun Liu, Journal of Real Estate Finance and Economics, Vol. 51, No. 1, 2015. House Prices, Local Demand, and Retail Prices, by Johannes Stroebel & Joseph Vavra, CEPR … Continue reading
June 10, 2015 in Brooklyn Law School | Permalink | No Comments
June 8, 2015
Monday’s Adjudication Roundup
The United States Supreme Court held that Chapter 7 debtors cannot get rid of junior liens on underwater home loans under the bankruptcy code.
June 8, 2015 in Brooklyn Law School | Permalink | No Comments
June 5, 2015
Friday’s Government Reports Roundup
United States Government Accountability Office releases report: “Collateral Requirements Discourage Some Community Development Financial Institutions from Seeking Membership”. The National Low Income Housing Coalition (NLIHC) released its Out of Reach 2015 report, in which it asserts that low wages and … Continue reading
June 5, 2015 in Brooklyn Law School | Permalink | No Comments
