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
July 22, 2015
Wednesday’s Academic Roundup
Valuing Control, Peter C. DiCola, 113 Michigan Law Review 663 (2015). A Framework for Understanding Property Regulation and Land Use Control from a Dynamic Perspective, Donald J. Kochan, 4 Michigan Journal of Environmental & Administrative Law 303 (2015). The Use … Continue reading
July 22, 2015 in Home Ownership | Permalink | No Comments
July 20, 2015
The Prime Crisis
Fernando Ferreira and Joseph Gyourko, both at Penn’s Wharton School, have posted A New Look at the U.S. Foreclosure Crisis: Panel Data Evidence of Prime and Subprime Borrowers from 1997 to 2012 to SSRN. Unfortunately it is behind a National … Continue reading
July 20, 2015 in Home Ownership | Permalink | No Comments
Monday’s Adjudication Roundup
Primary Capital Advisors LLC will face suit for selling bad loans to a Residential Capital LLC subsidiary, putting the parent company into bankruptcy, because the contract language was ambiguous. California federal court approved Diversified Lending Group’s $163 million settlement with … Continue reading
July 20, 2015 in Home Ownership | Permalink | No Comments
July 17, 2015
Friday’s Government Reports Roundup
The National Housing Conference (NHC) released its report, “Housing and Services Needs of Our Changing Veteran Population”, offers recommendations on how to serve the different groups of veterans, specifically older adult veterans, female veterans, and post 9/11 veterans. The Federal … Continue reading
July 17, 2015 in Home Ownership | Permalink | No Comments
July 15, 2015
Strange Love for Homeowner Tax Rates
With a nod to Dr. Strangelove, David Hasen has posted a scary little thought experiment, How I Learned to Stop Worrying and Love our Homeowner Tax Rules on SSRN. The essay “estimates the magnitude of life-cycle tax benefits available from home ownership for … Continue reading
July 15, 2015 in Home Ownership | Permalink | No Comments
