October 4, 2017
FHFA’s Strategic Plan for Fannie and Freddie
The Federal Housing Finance Agency released its Strategic Plan for fiscal years 2018-2022 for public input. As discussed in yesterday’s post, Director Watt is very focused on maintaining the health of Fannie Mae and Freddie Mac. The Strategic Plan reiterates … Continue reading
October 4, 2017 in Regulation | Permalink | No Comments
October 3, 2017
Watt’s Happening with Fannie and Freddie?
Federal Housing Finance Agency Director Watt testified before the House Committee on Financial Services today and gave a good overview of the decade-long conservatorship of Fannie and Freddie. He also gave some sense of the urgency of coming up with … Continue reading
October 3, 2017 in Regulation | Permalink | No Comments
September 27, 2017
Fannie, Freddie and Climate Change
The Housing Finance Policy Center at the Urban Institute issued its September 2017 Housing Finance At A Glance Chartbook. The introduction asks what the recent hurricanes tell us about GSE credit risk transfer. But it also has broader implications regarding … Continue reading
September 27, 2017 in Regulation | Permalink | No Comments
September 26, 2017
Safeguarding The CFPB’s Arbitration Rule
I was one of the many signatories of this letter to Senators Crapo (R-ID) and Brown (D-OH) opposing H.R. Res. 111/S.J. Res. 47, “which would block the Consumer Financial Protection Bureau’s new forced arbitration rule.” the 423 signatories all agree … Continue reading
September 26, 2017 in Regulation | Permalink | No Comments
September 25, 2017
Getting CAMELS Past Regulators
Bloomberg BNA Banking Daily quoted me in Court Asked to Second-Guess Bank Capital, Earnings, Risk Ratings (behind a paywall). It reads, in part, A now-shuttered Chicago bank is taking on the proverbial giant in a fight to give banks the right to … Continue reading
September 25, 2017 in Regulation | Permalink | No Comments
July 7, 2017
Holding Servicers Accountable
I submitted my comment to the Consumer Financial Protection Bureau regarding the 2013 RESPA Servicing Rule Assessment. It reads, substantively, as follows: The Consumer Financial Protection Bureau issued a Request for Information Regarding 2013 Real Estate Settlement Procedures Act Servicing Rule … Continue reading
July 7, 2017 in Regulation | Permalink | No Comments
July 6, 2017
The CFPB Makes Its Case
The Consumer Financial Protection Bureau released its Semi-Annual Report. Given that the Bureau is under attack by Republicans in Congress and in the Trump Administration, one can read this as a defense (a strong defense, I might editorialize) for the … Continue reading
July 6, 2017 in Regulation | Permalink | No Comments
