March 20, 2014
CFPB Strategy on Mortgage Data
The CFPB released its Strategic Plan, Budget, and Performance Plan and Report which provides a good summary of what the Bureau has done to date. I was particularly interested in this summary of its work to build a representative database … Continue reading
March 20, 2014 in Federal Housing Finance Agency | Permalink | No Comments
March 19, 2014
Reiss on Fannie and Freddie Conservatorship Litigation
I have posted An Overview of the Fannie and Freddie Conservatorship Litigation to SSRN (and to BePress as well). The abstract reads: The fate of Fannie Mae and Freddie Mac are subject to the vagaries of politics, regulation, public opinion, … Continue reading
March 19, 2014 in Federal Housing Finance Agency | Permalink | No Comments
March 18, 2014
Reiss on Frannie Reform
Law360.com quoted me in Capital Rules To Spread Beyond Banks Under Housing Bill (behind a paywall). The story reads in part, Mortgage servicers, aggregators and other actors in the U.S. housing finance market would for the first time be subject … Continue reading
March 18, 2014 in Federal Housing Finance Agency | Permalink | No Comments
March 3, 2014
Fannie and Freddie Boards: Caveat Fairholme
Fairholme Capital Management has sent stern letters to the the boards of Fannie Mae and Freddie Mac (the letters are essentially the same). Fairholme’s funds have millions of common and preferred shares in the two companies and Fairholme has taken … Continue reading
March 3, 2014 in Federal Housing Finance Agency | Permalink | No Comments
February 28, 2014
Appraisals in the Coal Mine
The Federal Housing Finance Agency Office of Inspector General released an Audit Report, FHFA’s Oversight of the Enterprises’ Use of Appraisal Data Before They Buy Single-Family Mortgages. As the IG notes, Assessing the value of collateral securing mortgage loans is … Continue reading
February 28, 2014 in Federal Housing Finance Agency | Permalink | No Comments
February 27, 2014
Reiss on Marketplace: Cash Cows to Slaughter
I was interviewed on Marketplace for its story, Fannie and Freddie: Cash Cows Avoid The Slaughter? (sound file) The text of the story reads We are making money – the tax payer, that is – on Fannie and Freddie Mac. … Continue reading
February 27, 2014 in Federal Housing Finance Agency | Permalink | No Comments
February 7, 2014
The Road to Securitization
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 7, 2014 in Federal Housing Finance Agency | Permalink | No Comments
