REFinBlog

Editor: David Reiss
Cornell Law School

August 26, 2015

Principal-ed Reduction

By David Reiss

  The Urban Institute’s Housing Finance Policy Center has issued a report, Principal Reduction and the GSEs: The Moment for a Big Impact Has Passed. It opens, The Federal Housing Finance Agency (FHFA) prohibits Fannie Mae and Freddie Mac (the … Continue reading

June 24, 2015

High Risk at Fannie and Freddie

By David Reiss

The Federal Housing Finance Agency released its 2014 Report to Congress. It summarizes many interim reports and press releases that were released over the previous year, many of which have been covered by REFinBlog as they came out. I was struck, … Continue reading

June 15, 2015

Monday’s Adjudication Roundup

By Shea Cunningham

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 12, 2015

Friday’s Government Reports

By Serenna McCloud

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