REFinBlog

Editor: David Reiss
Cornell Law School

February 7, 2014

The Road to Securitization

By David Reiss

Miguel Segoviano et al. of the IMF released a helpful Working Paper, Securitization:  Lessons Learned and the Road Ahead (also on SSRN). It opens, Like most forms of financial innovation, there are cost and benefits associated with the securitization of … Continue reading

February 3, 2014

Foreclosure Prevention: The Real McCoy

By David Reiss

Patricia McCoy has posted Barriers to Foreclosure Prevention During the Financial Crisis (also on SSRN). In the early 2000s, Pat was one of the first legal scholars to identify predatory behaviors in the secondary mortgage market. These behaviors resulted in … Continue reading

December 31, 2013

Reiss in Reuters on Mortgage Investing

By David Reiss

Reuters quoted me in Mortgage Bonds Reward Yield-Sensitive Investors, which addresses the future of Fannie and Freddie. It reads in part, Investors who buy mortgage-backed securities from Fannie Mae and Freddie Mac and hold those bonds until they mature will … Continue reading

December 5, 2013

GSEs Are Giants of Multifamily Sector Too

By David Reiss

In discussions about the future of Fannie and Freddie, we tend to emphasize their outsized role in the single-family sector.  We often forget that they have an even bigger footprint in multifamily.  A recent Kroll BondRatings report, FHFA Slowdown May … Continue reading