June 29, 2015
Monday’s Adjudication Roundup
Massachusetts’s federal court found that a unit of Deutsche Bank AG failed to vet some residential mortgage-backed securities, which mislead Massachusetts Mutual Life Insurance Co. US Bank filed an amended complaint claiming that Citigroup Global Markets Realty Corp. and CitiMortgage … Continue reading
June 29, 2015 in mortgage | Permalink | No Comments
June 24, 2015
Wednesday’s Academic Roundup
House Price Impacts of Racial, Income, Education and Age Neighborhood Segregation, David M. Brasington, Diane Hite & Andres Jauregui, Journal of Regional Science, Vol. 55, Issue 3, pp. 442-467, 2015. Housing Price Collapse Worsens the Opportunities for Educational Attainment for … Continue reading
June 24, 2015 in mortgage | Permalink | No Comments
June 22, 2015
Monday’s Adjudication Roundup
Two Moody’s Investor Services Inc. entities remain the only defendants in appeal from Illinois Bank following the exit of McGraw-Hill Cos. Inc. and Standard and Poor’s in suit over residential mortgage-backed securities ratings. A Second Circuit judge did not revive … Continue reading
June 22, 2015 in mortgage | Permalink | No Comments
June 17, 2015
Wednesday’s Academic Roundup
An Extrapolative Model of House Price Dynamics, Edward L. Glaeser & Charles Nathanson, HKS Working Paper No. RWP15-012. Old Suburbs Meets New Urbanism, Nicole Stelle Garnett, Notre Dame Legal Studies Paper No. 1512. Credit Scoring and Loan Default, Rajdeep Sengupta & … Continue reading
June 17, 2015 in mortgage | Permalink | No Comments
June 15, 2015
Monday’s Adjudication Roundup
The CFPB increased PHH Corp.’s penalty to $109 million from $6.4 million on appeal, while upholding an administrative judge’s ruling that the firm was involved in a mortgage insurance kickback scheme. A class of PHH borrowers have been granted cert … Continue reading
June 15, 2015 in mortgage | Permalink | No Comments
June 12, 2015
Friday’s Government Reports
Consumer Financial Protection Bureau (CFPB) recently released a report entitled A Closer Look a Reverse Mortgage Advertisements and Consumer Risks which discusses its findings regarding the failure of reverse mortgage ads to mention the considerable risks involved in reverse mortgage loans (while extolling … Continue reading
June 12, 2015 in mortgage | Permalink | No Comments
June 10, 2015
Wednesday’s Academic Roundup
Racial Discrepancy in Mortgage Interest Rates, by Ping Cheng, Zhenguo Lin, & Yingchun Liu, Journal of Real Estate Finance and Economics, Vol. 51, No. 1, 2015. House Prices, Local Demand, and Retail Prices, by Johannes Stroebel & Joseph Vavra, CEPR … Continue reading
June 10, 2015 in mortgage | Permalink | No Comments
