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
July 3, 2017
Easy Money From Fannie Mae
The San Francisco Chronicle quoted me in Fannie Mae Making It Easier to Spend Half Your Income on Debt. It reads in part, Fannie Mae is making it easier for some borrowers to spend up to half of their monthly pretax … Continue reading
July 3, 2017 in Regulation | Permalink | No Comments
