March 2, 2015
Monday’s Adjudication Roundup
Morgan Stanley agrees to pay the DOJ $2.6 billion to end investigation about its mortgage-backed securities deals during the financial crisis. MetLife settles with DOJ for $123.5 million for issuing mortgages that did not meet underwriting standards. Settlement Agreement. Statement … Continue reading
March 2, 2015 in Brooklyn Law School | Permalink | No Comments
February 27, 2015
Friday’s Government Reports Round-Up
U.S. Census Bureau/U.S. Department of Housing and Urban Development Joint Release – New Residential Construction January 2015 Federal Reserve Bank of New York Staff Report, Credit Supply and the Housing Boom – provides a novel perspective on the possible origins of the … Continue reading
February 27, 2015 in Brooklyn Law School | Permalink | No Comments
February 26, 2015
Thursday’s Advocacy & Think Tank Round-up
Center for New York City Neighborhoods – Testimony Before the NYC Community Investment Advisory Board, finds affordable housing at risk on several fronts Fannie Mae: “Housing off to a Slow Start” Fannie Mae: Mortgage Lender Sentiment Survey: How Lenders Plan to … Continue reading
February 26, 2015 in Brooklyn Law School | Permalink | No Comments
February 25, 2015
Wednesday’s Academic Roundup
Regulation and Liability of Credit Rating Agencies – A More Efficient European Law?, by Thomas M.J. Mollers & Charis Niedorf, ECRF 2014, 333-363. How Federal Tax Expenditures that Support Housing Contribute to Economic Inequality, by Henry Rose, Loyola University Chicago … Continue reading
February 25, 2015 in Brooklyn Law School | Permalink | No Comments
February 24, 2015
Tuesday’s Regulatory & Legislative Round-up
House of Representatives Introduced Bill H.R. 855 to Permanently Extend the New Markets Tax Credit which was designed to spur new or increased investments into operating businesses and real estate projects located in low-income communities. The NMTC Program attracts investment capital … Continue reading
February 24, 2015 in Brooklyn Law School | Permalink | No Comments
February 23, 2015
Monday’s Adjudication Roundup
Federal judge reprimands Wells Fargo for forged mortgage documents in connection with foreclosure in NY. Goldman Sachs, among others, argues to SDNY that it was wrongfully included in litigation over requiring mortgage customers to purchase force-placed insurance and taking kickbacks. … Continue reading
February 23, 2015 in Brooklyn Law School | Permalink | No Comments
February 20, 2015
Friday’s Government Report Roundup
CRS Report, ‘Community Development Financial Institutions (CDFI): Programs and Policy Issues’, by Sean Lowry. (Need Bloomberg BNA Subscription) Consumers’ mortgage shopping experience, by CFPB. HUD Subsidized More Than 106,000 Noncompliant Households. (Discussing HUD’s large-scale failure in oversight of requirement that … Continue reading
February 20, 2015 in Brooklyn Law School | Permalink | No Comments
