August 13, 2015
Thursday’s Advocacy & Think Tank Round-Up
The Institute of Housing Studies at DePaul University has issued a report analyzing foreclosure activity which finds that foreclosures are down in the Chicago area in 2014. The report also finds that mortgage activity remains low while investor buyers have … Continue reading
August 13, 2015 in MBS industry | Permalink | No Comments
August 12, 2015
Wednesday’s Academic Roundup
Housing Markets and Unconventional Monetary Policy, Charles Rahal. The Effect of Housing Wealth Shocks on Work and Retirement Decisions, Jaclene Begley & Sewin Chan. Millennials, Baby Boomers, and Rebounding Multifamily Home Construction, Jordan Rappaport, Federal Reserve Bank of Kansas City … Continue reading
August 12, 2015 in MBS industry | Permalink | No Comments
August 10, 2015
Monday’s Adjudication Roundup
NY federal court approves Citigroup Global Markets Inc., Goldman Sachs & Co. and UBS Securities LLC settlement for $235 million in class action from pension fund for false prospectuses in mortgage-backed securities. Better Markets, a financial reform advocacy group, files … Continue reading
August 10, 2015 in MBS industry | Permalink | No Comments
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 MBS industry | 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 MBS industry | 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 MBS industry | 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 MBS industry | Permalink | No Comments
