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 mortgage | 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 mortgage | 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 mortgage | 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 mortgage | 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 mortgage | 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 mortgage | 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 mortgage | Permalink | No Comments
