February 12, 2015
Realistic Strategies for Consumer Education
The Consumer Financial Protection Bureau has issued its latest Strategic Plan, Budget, and Performance Plan and Report. I was critical of last year’s strategic plan as it related to financial education. I felt that the CFPB was too optimistic about … Continue reading
February 12, 2015 in CFPB | Permalink | No Comments
February 10, 2015
Risky Reverse Mortgages
The Consumer Financial Protection Bureau released a report, Snapshot of Reverse Mortgage Complaints: December 2011-December 2014. By way of background, Reverse mortgages differ from other types of home loans in a few important ways. First, unlike traditional “forward” mortgages, reverse … Continue reading
February 10, 2015 in CFPB | Permalink | No Comments
February 5, 2015
Mortgage Shopping
The Consumer Financial Protection Bureau has issued a report on Consumers’ Mortgage Shopping Experience: A First Look at Results from the National Survey of Mortgage Borrowers. The CFPB’s key findings include a. Almost half of consumers who take out a … Continue reading
February 5, 2015 in CFPB | Permalink | No Comments
February 2, 2015
The Secret to Financial Well-Being?
The Consumer Financial Protection Bureau has issued a report, Financial Well-Being: The Goal of Financial Education. I have been somewhat critical of the CFPB’s approach to financial literacy education, but I think that this report sets forth a pretty reasonable … Continue reading
February 2, 2015 in CFPB | Permalink | No Comments
Monday’s Adjudication Roundup
S&P agrees to settlement of $58 million for fraudulent ratings on commercial mortgage-backed securities. SEC order regarding violations of Section 17(a)(1) of the Securities Act, Section 15E(c)(3) of the Exchange Act, and Exchange Act Rules 17g-2(a)(2)(iii) and 17g-2(a)(6). $6.2 million … Continue reading
February 2, 2015 in CFPB | Permalink | No Comments
January 14, 2015
Reiss on New Mortgage Tool
Tech News World quoted me in CFPB Shifts Some Power to Mortgage Shoppers. The story reads in part, The Consumer Financial Protection Bureau on Tuesday introduced Owning a Home, a set of online tools designed to make it easier for … Continue reading
January 14, 2015 in CFPB | Permalink | No Comments
January 9, 2015
S&P’s Upbeat Outlook on Mortgage Market
S&P posted U.S. RMBS Roundtable: Mortgage Origination And Securitization In The Post-Qualified Mortgage/Ability-To-Repay Market. The roundtable discussion offers views on many aspects of the 2015 mortgage market, but I found this passage to be particularly interesting: Originators agreed loans that … Continue reading
January 9, 2015 in CFPB | Permalink | No Comments
