REFinBlog

Editor: David Reiss
Brooklyn Law School

October 31, 2018

The Cost of Owning Is Rising

By David Reiss

ValuePenguin quoted me in The Cost of Owning a Home Is Rising. It reads, in part, If you’ve looked lately at home prices in any major U.S. city, you likely got a dose of sticker shock thanks to a red-hot housing … Continue reading

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October 31, 2018 in mortgage | Permalink | No Comments

October 11, 2018

Rising Mortgage Rates

By David Reiss

NBC News quoted me in Mortgage Rates Just Hit 5 Percent: What Does That Mean for Homebuyers and Owners? It opens, Mortgage rates crossed the 5 percent line on Wednesday for the first time since 2011, marking a new era for … Continue reading

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October 11, 2018 in mortgage | Permalink | No Comments

April 12, 2018

Rising Mortgage Borrowing for Seniors

By David Reiss

J. Michael Collins et al. have posted Exploring the Rise of Mortgage Borrowing Among Older Americans to SSRN. The abstract reads, 3.6 million more older American households have a mortgage than 2000, contributing to an increase in mortgage usage among … Continue reading

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April 12, 2018 in mortgage | Permalink | 1 Comment

April 3, 2018

Who’s Appraising Your New Home?

By David Reiss

Researchers at the Federal Housing Finance Agency have posted a working paper, Are Appraisal Management Companies Value-Adding? — Stylized Facts from AMC and Non-AMC Appraisals. The obscure title hides an important subject.  AMCs, appraisal management companies, are intermediaries that prevent … Continue reading

April 2, 2018

Rising Rates and The Mortgage Market

By David Reiss

The Urban Institute’s Housing Finance at a Glance Chartbook for March focuses on how rising interest rates have been impacting the mortgage market. The chartbook makes a series of excellent points about current trends, although homeowners and homebuyers should keep in … Continue reading

March 16, 2018

Interest-Only During Recessions

By David Reiss

John Campbell et al. have posted Structuring Mortgages for Macroeconomic Stability to SSRN. They are not the first to propose a mortgage product that is designed to lessen its burden when times are hard, but that does not make their proposal … Continue reading

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March 16, 2018 in mortgage | Permalink | No Comments

March 15, 2018

FinTech Disrupting The Mortgage Industry

By David Reiss

Researchers at the NY Fed have posted The Role of Technology in Mortgage Lending. There is no doubt that tech can disrupt the mortgage lending business much as it has done with others. The abstract reads, Technology-based (“FinTech”) lenders increased … Continue reading

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March 15, 2018 in mortgage | Permalink | No Comments