September 28, 2015
Monday’s Adjudication Roundup
Union pension funds have filed a petition for cert in the U.S. Supreme Court to consider whether Bank of New York Mellon Corp. is liable for failure in oversight of 26 trusts of over $30 billion in residential mortgage-backed securities. … Continue reading
September 28, 2015 in MBS industry | Permalink | No Comments
September 25, 2015
Friday’s Government Reports Roundup
Authorities partnered with NGOs to create “Community and Supportive Services” Programs (CSS) under the U.S. Department of Housing and Urban Development (HUD)’s Housing Opportunities for People Everywhere (HOPE VI) grants for public housing redevelopment. A study analyzed the programs in … Continue reading
September 25, 2015 in MBS industry | Permalink | No Comments
September 24, 2015
Mortgage Market, Hiding in Plain Sight
I blogged about the Center for Responsible Lending’s take on the 2014 Home Mortgage Disclosure Act (HMDA) data yesterday. The mere act of aggregating this data reveals so much about the state of the mortgage market. Today I am digging into … Continue reading
September 24, 2015 in MBS industry | Permalink | No Comments
September 23, 2015
Wednesday’s Academic Roundup
Green Cities? Urbanization, Trade and the Environment, Rainald Borck & Michael Pflüger, IZA Discussion Paper No. 9104. The Impact of Foreclosure Delay on U.S. Employment, Kyle F. Herkenhoff & Lee E. Ohanian, NBER Working Paper No. w21532. Are Bigger Companies … Continue reading
September 23, 2015 in MBS industry | Permalink | No Comments
September 21, 2015
Monday’s Adjudication Roundup
NY bankruptcy judge dismissed suit against DLA Piper for misappropriation of over $36 million in payments to cover mortgage-backed securities. The judge cited NY law that “prevents wrongdoers and their successors from pursuing claims that arise out of their own … Continue reading
September 21, 2015 in MBS industry | Permalink | No Comments
September 17, 2015
Thursday’s Advocacy & Think Tank Round-up
Corelogic’s Second Quarter U.S. Equity Report indicated that over three-quarters-of -a-million properties regained equity, while 4.4 million remain in negative equity over the same period. Aggregate negative equity fell $28 billion from $338 billion to $309 billion. According to Corelogic … Continue reading
September 17, 2015 in MBS industry | Permalink | No Comments
September 16, 2015
Wednesday’s Academic Roundup
Housing and Mortgages in Transition Economy, John E. Anderson. Underwriting Sustainable Homeownership: The Federal Housing Administration and the Low Down Payment Loan, David J. Reiss, Georgia Law Review, Forthcoming. Mortgage Refinancing, Consumer Spending, and Competition: Evidence from the Home Affordable … Continue reading
September 16, 2015 in MBS industry | Permalink | No Comments
