REFinBlog

Editor: David Reiss
Cornell Law School

June 8, 2017

Securitizing Single-Family Rentals

By David Reiss

Laurie Goodman and Karan Kaul of the Urban Institute’ Housing Finance Policy Center have issued a a paper on GSE Financing of Single-Family Rentals. They write, Fannie Mae recently completed the first government-sponsored enterprise (GSE) securitization of single-family rental (SFR) properties … Continue reading

June 7, 2017

Framing Bipartisan Housing Finance Reform

By David Reiss

The Bipartisan Policy Center has issued A Framework for Improving Access and Affordability in a Reformed Housing Finance System. The brief was written by Michael Stegman who had served as the Obama Administration’s top advisor on housing policy. It opens, With policymakers … Continue reading

June 6, 2017

GSE Investors Propose Reform Blueprint

By David Reiss

Moelis & Company, financial advisors to some of Fannie and Freddie investors including Paulson & Co. and Blackstone GSO Capital Partners, has release a Blueprint for Restoring Safety and Soundness to the GSEs. The blueprint is a version of a “recap … Continue reading

May 24, 2017

American Bankers on Mortgage Market Reform

By David Reiss

The American Bankers Association has issued a white paper, Mortgage Lending Rules: Sensible Reforms for Banks and Consumers. The white paper contains a lot of common sense suggestions but its lack of sensitivity to consumer concerns greatly undercuts its value. It … Continue reading

April 27, 2017

Community Bankers and GSE Reform

By David Reiss

The Independent Community Bankers of America have release ICBA Principles for GSE Reform and a Way Forward. Although this paper is not as well thought-out as that of the Mortgage Bankers Association, it is worth a look in order to … Continue reading

April 26, 2017

Comparison Shopping Savings in Mortgage Market

By David Reiss

Alexei Alexandrov and Sergei Koulayev of the Consumer Financial Protection Bureau have posted a working paper, No Shopping in the U.S. Mortgage Market: Direct and Strategic Effects of Providing Information to SSRN. The paper is the first to answer the … Continue reading

April 25, 2017

Budding GSE Reform

By David Reiss

The Mortgage Bankers Association has released a paper on GSE Reform: Creating a Sustainable, More Vibrant Secondary Mortgage Market (link to paper on this page). This paper builds on a shorter version that the MBA released a few months ago. Jim … Continue reading