REFinBlog

Editor: David Reiss
Brooklyn Law School

February 14, 2019

Housing Policy, Going Forward

By David Reiss

The Hill published a column of mine, The Next Two Years of Federal Housing Policy Could Be Positive under Mark Calabria. it opens, The Trump administration has been a nightmare for housing advocates. Housing and Urban Development Secretary Carson has stopped enforcing … Continue reading

October 1, 2018

Hope for GSE Shareholders

By David Reiss

Judge Lamberth issued an opinion in Fairholme Funds, Inc. v. FHFA (Civ. No.13-1439) (Sept. 28, 2018) that gives some hope to the private shareholders of Fannie Mae and Freddie Mac. These shareholders have been on the losing end of nearly … Continue reading

September 4, 2018

Housing Finance Transitions

By David Reiss

The Congressional Budget Office released a report, Transitioning to Alternative Structures for Housing Finance: An Update. The report updates a 2014 analysis to inform policymakers about how different approaches to restructuring the housing finance system would affect federal costs, risks … Continue reading

August 24, 2018

GSE Shareholders Floored, Again

By David Reiss

The United States Court of Appeals for the Eighth Circuit issued an opinion in Saxton v. FHFA (No. 17-1727, Aug. 23, 2018). The Eighth Circuit joins the Fifth, Sixth, Seventh and D.C. Circuits in rejecting the arguments of Fannie and … Continue reading

May 7, 2018

Housing in the Trump Era

By David Reiss

  The Real Estate Transactions Section of the American Association of Law Schools has issued the following Call for Papers: Access + Opportunity + Choice: Housing Capital, Equity, and Market Regulation in the Trump Era Program Description: The year 2018 marks the … Continue reading

March 12, 2018

Nonbanks and The Next Crisis

By David Reiss

    Researchers at the Fed and UC Berkeley have posted Liquidity Crises in the Mortgage Markets. The authors conclusions are particularly troubling: The nonbank mortgage sector has boomed in recent years. The combination of low interest rates, well-functioning GSE and … Continue reading

March 9, 2018

De Facto Housing Finance Reform

By David Reiss

David Finkelstein, Andreas Strzodka and James Vickery of the NY Fed have posted Credit Risk Transfer and De Facto GSE Reform. It opens, Nearly a decade into the conservatorships of Fannie Mae and Freddie Mac, no legislation has yet been passed … Continue reading