November 27, 2015
Friday’s Government Reports
The U.S. Department of Housing and Urban Development (HUD) released its Annual Report to Congress on the Mutual Mortgage Insurance Fund, an independent actuarial analysis that found capital reserves at 2.7%. Congress mandates a minimum 2% reserve. The findings also … Continue reading
November 27, 2015 in Brooklyn Law School | Permalink | No Comments
November 24, 2015
Tuesday’s Regulatory & Legislative Round-Up
The Consumer Financial Protection Bureau has released its Rulemaking Agenda for Fall 2015, included is an estimate that the new mortgage servicing rules, proposed in November 2014, are estimated to be finalized by June 2016. The Chairman of the White … Continue reading
November 24, 2015 in Brooklyn Law School | Permalink | No Comments
November 20, 2015
Friday’s Government Reports Roundup
According to an October 2015 Department of Labor report, 271,000 jobs were added to the US economy in the month of October and the unemployment rate decreased to 5% from 5.1% in September. The Consumer Financial Protection Bureau (CFPB) released … Continue reading
November 20, 2015 in Brooklyn Law School | Permalink | No Comments
November 19, 2015
Thursday’s Advocacy & Think TankRound-Up
Enterprise Community Partners reports that recent Amendments to the Bipartisan Budget Act underfund critical affordable housing and community development programs. National Association of Realtor’s Existing Home Sales reflects price gains in Metro Areas for the third quarter of 2015, NAR … Continue reading
November 19, 2015 in Brooklyn Law School | Permalink | No Comments
November 18, 2015
Wednesday’s Academic Roundup
Introduction to Special Issue: Government Involvement in Residential Mortgage Markets, W. Scott Frame, Real Estate Economics, Vol. 43, Issue 4, pp. 807–819, 2015 (Paid Access). How Does the Federal Reserve’s Large‐Scale Asset Purchases (LSAPs) Influence Mortgage‐Backed Securities (MBS) Yields and … Continue reading
November 18, 2015 in Brooklyn Law School | Permalink | No Comments
November 17, 2015
Tuesday’s Regulatory & Legislative Round-Up
The Federal Housing Administration (FHA) has announced relaxed requirements, effective immediately, for condominium project approval. The move is intended to increase options for affordable housing for 1st time and low income homebuyers. Among the changes are streamlining project recertification, expanding … Continue reading
November 17, 2015 in Brooklyn Law School | Permalink | No Comments
November 16, 2015
Monday’s Adjudication Roundup
Following SCOTUS’s March Omnicare decision, a pension fund is claiming that the Second Circuit failed to take into account said decision in failing to revive Bank of America mortgage suit. The plaintiff requests SCOTUS’s review. U.S. District Court judge dismisses … Continue reading
November 16, 2015 in Brooklyn Law School | Permalink | No Comments
