April 13, 2015
Monday’s Adjudication Roundup
Bankrupt Washington Mutual settles in class action suit for $10 million after duping plaintiffs into taking out mortgages with low “teaser rates.” Goldman Sachs asks NY Federal Judge not to certify class action suit over its Abacus collateralized debt obligation, … Continue reading
April 13, 2015 in MBS industry | Permalink | No Comments
April 10, 2015
Friday’s Government Reports Roundup
The Office of the Comptroller of the Currency released a report on mortgage performance. CFPB releases its Consumer Response Annual Report analyzing the complaints it received in 2014 and its fourth annual Fair Debt Collection Practices Act FHFA releases its … Continue reading
April 10, 2015 in MBS industry | Permalink | No Comments
April 8, 2015
Wednesday’s Academic Roundup
The Role of Prepayment Penalties in Mortgage Loans, by Andrea Beltratti, Matteo Benetton & Alessandro Gavazza, CEPR Discussion Paper No. DP10504. Inclusion by Design, Thinking Beyond a Civil Rights Paradigm, by Robin Paul Malloy, Land Use Law and Disability: Planning … Continue reading
April 8, 2015 in MBS industry | Permalink | No Comments
April 6, 2015
Monday’s Adjudication Roundup
HSBC facing suit for breaching its duties as trustee for 271 residential mortgage-backed securities trusts. The US Supreme Court considered whether debtors should have an absolute right to appeal denial of proposed bankruptcy plan after three circuit courts have found … Continue reading
April 6, 2015 in MBS industry | Permalink | No Comments
April 3, 2015
Seismic Shift in Lending?
Researchers at the American Enterprise Institute’s International Center on Housing Risk have posted a study that shows a “seismic shift in lending away from large banks to nonbanks.” (1) The key takeaways are The dramatic decline in agency market share … Continue reading
April 3, 2015 in MBS industry | Permalink | No Comments
March 30, 2015
Monday’s Adjudication Roundup
New Jersey Condominium Association files a complaint alleging that the U.S. Federal Emergency Management Agency (FEMA) breached its contracts by failing to pay flood insurance benefits for damage from Hurricane Sandy. The US Supreme Court justices are reviewing an Eleventh … Continue reading
March 30, 2015 in MBS industry | Permalink | No Comments
March 27, 2015
Friday’s Government Reports Roundup
CFPB releases report of KPMG audit of its operations and budget. In the report, CFPB agrees with KPMG’s findings about control deficiencies and is aiming to fix such deficiencies. FHFA releases report on progress of Fannie/Freddie Conservatorships in advancing access … Continue reading
March 27, 2015 in MBS industry | Permalink | No Comments
