REFinBlog

November 14, 2012

Primary Architect of Mortgage Initiatives at CFPB To Leave

Raj Date, the number two official at the CFPB, is leaving as the Bureau completes its mortgage regulations.  Story here.

November 10, 2012

FHFA and CFPB To Create a National Mortgage Database

This is a very big deal.  Data on mortgages is very fractured and imcomplete and it is hard for researchers to access in many cases.  Private companies that collected such data often are unwilling to share it and some types … Continue reading →

Australian Court Rules S&P’s Ratings of MBS were Misleading

Hannah Low and Jonathan Shapiro of the Australian Financial Review report that an Australian Federal Court ruled that Standard & Poor’s rating of complex financial products was misleading. The court held that the credit assessment process was negligent and no … Continue reading →

CFPB Issues Supervisory Highlights

The Fall 2012 Highlights state that the Bureau will have three guiding principles 1. Focused on consumers; 2. Driven by data; and 3. Examinations conducted consistently across sectors. The Bureau found that effective systems to ensure compliance with Federal consumer … Continue reading →