August 5, 2015
Mortgage Credit Conditions Easing
The Urban Institute’s Housing Finance Policy Center has released its July Housing Finance at a Glance. It opens, Our latest update to HFPC’s Credit Availability Index (HCAI) shows early signs that the overly tight mortgage lending standards of the post-crisis … Continue reading
August 5, 2015 in Home Ownership | Permalink | No Comments
Wednesday’s Academic Roundup
The Impact of the Home Valuation Code of Conduct on Appraisal and Mortgage Outcomes, Lei Ding & Leonard I. Nakamura, FRB of Philadelphia Working Paper No. 15-28. Financial Literacy and Mortgage Credit: Evidence from the Recent Mortgage Market Crisis, Xudong … Continue reading
August 5, 2015 in Home Ownership | Permalink | No Comments
August 3, 2015
Foreclosures & Credit Card Debt
Paul S. Calem, Julapa Jagtiani and William W. Lang have posted Foreclosure Delay and Consumer Credit Performance to SSRN. Effectively, it argues that long foreclosure delays may have reduced the credit card default rate because homeowners in default were able to pay … Continue reading
August 3, 2015 in Home Ownership | Permalink | No Comments
Monday’s Adjudication Roundup
The Third Circuit upholds class certification in case against PNC Bank NA, in which individuals are alleging the bank participated in an illegal home equity lending scheme. Residential Credit Solutions Inc., a mortgage servicing company, will pay $1.6 million in … Continue reading
August 3, 2015 in Home Ownership | Permalink | No Comments
July 31, 2015
Friday’s Government Reports Roundup
HUD’s Office of Policy Development and Research released paper, which describes its “Bridge to Family Self-Sufficiency” Program. The program is intended to determine if low-income families in public housing improve their overall stability, with the right support. HUD released public, … Continue reading
July 31, 2015 in Home Ownership | Permalink | No Comments
July 29, 2015
First-Time Homebuyers, You’re Okay
Saty Patrabansh of the Office of Policy Analysis and Research at the Federal Housing Finance Agency has posted a working paper, The Marginal Effect of First-Time Homebuyer Status on Mortgage Default and Prepayment. While this is a dry read, it yields … Continue reading
July 29, 2015 in Home Ownership | Permalink | No Comments
July 27, 2015
Monday’s Adjudication Roundup
New York federal courts says HSBC Bank USA NA will face suit from National Credit Union Administration for over $2 billion in mortgage backed securities that HSBC served as trustee for. In the US DOJ’s reply in Quicken Loans suit … Continue reading
July 27, 2015 in Home Ownership | Permalink | No Comments
