March 2, 2015
Monday’s Adjudication Roundup
Morgan Stanley agrees to pay the DOJ $2.6 billion to end investigation about its mortgage-backed securities deals during the financial crisis. MetLife settles with DOJ for $123.5 million for issuing mortgages that did not meet underwriting standards. Settlement Agreement. Statement … Continue reading
March 2, 2015 in New York City | Permalink | No Comments
February 27, 2015
Economic Segregation in NYC and the USA
Richard Florida and Charlotta Mellander have released Segregated City: The Geography of Economic Segregation in America’s Metros. The executive summary reads, Americans have become increasingly sorted over the past couple of decades by income, education, and class. A large body … Continue reading
February 27, 2015 in New York City | Permalink | No Comments
January 30, 2015
Housing in Smart Cities
I attended an interesting research seminar led by Anthony Townsend yesterday at NYU’s Center for Urban Science and Progress (conveniently located in downtown Brooklyn). Professor Townsend is affiliated to NYU’s Rudin Center for Transportation Policy & Management. He discussed his recent … Continue reading
January 30, 2015 in New York City | Permalink | No Comments
January 16, 2015
Location, Location, Location of NYC Affordable Housing
NYU’s Furman Center has released a white paper, Housing, Neighborhoods, and Opportunity: The Location of New York City’s Subsidized Affordable Housing. The report opens, Rent burdens for low- and moderate-income renters continue to grow in New York City, inviting calls … Continue reading
January 16, 2015 in New York City | Permalink | No Comments
December 17, 2014
Lawyering up for Housing Affordability
The New York City Independent Budget Office issued an estimate of the cost of providing “free legal representation to individuals with incomes at or below 125 percent of the federal poverty level who are facing eviction and foreclosure proceedings in … Continue reading
December 17, 2014 in New York City | Permalink | No Comments
December 12, 2014
Hockett on NYC Eminent Domain
Bob Hockett has posted ‘We Don’t Follow, We Lead’: How New York City Will Save Mortgage Loans by Condemning Them to SSRN. The abstract reads, This brief invited essay lays out in summary form the eminent domain plan for securitized … Continue reading
December 12, 2014 in New York City | Permalink | No Comments
November 26, 2014
Manufacturing Jobs in NYC
The New York City Council released a report, Engines of Opportunity: Reinvigorating New York City’s Manufacturing Zones for the 21st Century. I am always worried that discussions of increasing manufacturing jobs, especially in a city as expensive as New York, … Continue reading
November 26, 2014 in New York City | Permalink | No Comments
