May 19, 2015
Tuesday’s Regulatory & Legislative Round-Up
Federal Housing Finance Agency issues update on the structure of a single mortgage backed security which will be sold by Fannie Mae and Freddie Mac to finance fixed rate mortgages backed by 1-4 unit properties. Minimum Housing Credit Rate Legislation has … Continue reading
May 19, 2015 in Brooklyn Law School | Permalink | No Comments
May 18, 2015
Monday’s Adjudication Roundup
The Financial Industry Regulatory Authority (FINRA) has ordered Goldman Sachs to pay National Australia Bank $100 million over $80 million in collateralized debt obligations. US Bank escapes liability under the False Claims Acts for filing FHA insurance claims without complying … Continue reading
May 18, 2015 in Brooklyn Law School | Permalink | No Comments
May 15, 2015
Friday’s Government Reports
Consumer Financial Protection Bureau report Credit Invisibles estimates that 19.4 million Americans will have difficulty accessing credit for lack of credit history. This trend is most pronounced in the young and in poor black and latin populations. The Department of Housing and Urban … Continue reading
May 15, 2015 in Brooklyn Law School | Permalink | No Comments
May 14, 2015
Thursday’s Advocacy & Think Tank Round-Up
City lab’s analyzes why Billionaires Don’t Pay Taxes in New York, concludes that recent housing boom has been in the “ultralux” market and that the owners pay a fraction of their share due to a tax code that shifts the … Continue reading
May 14, 2015 in Brooklyn Law School | Permalink | No Comments
May 13, 2015
Wednesday’s Academic Roundup
Section 1031 Exchanges: Death of a Related-Party Exchange – Did ‘Butler’ Do It?, by Bradley T. Borden & Alan S. Lederman, Daily Tax Report Journal, Vol. 75, No. 1, 2015. The Future of Fannie and Freddie, by Mark A. Calabria, … Continue reading
May 13, 2015 in Brooklyn Law School | Permalink | No Comments
May 12, 2015
Tuesday’s Regulatory & Legislative Round-Up
The Consumer Financial Protection Bureau issued guidance to “remind lenders of their obligations under the Equal Credit Opportunity Act and it’s implementing Regulation B, to provide non-discriminatory access to credit for mortgage applicants using income from the section 8 housing … Continue reading
May 12, 2015 in Brooklyn Law School | Permalink | No Comments
May 11, 2015
Monday’s Adjudication Roundup
The United States Supreme Court holds that debtors do not have an absolute right to appeal a denial of a proposed bankruptcy plan (mentioned in April 6 post). Maryland federal judge approves settlement between CFPB and Genuine Title and participants … Continue reading
May 11, 2015 in Brooklyn Law School | Permalink | No Comments
