June 5, 2017
Assessing The Ability-to-Repay and Qualified Mortgage Rule
The Consumer Financial Protection Bureau has issued a Request for Information Regarding Ability-to-Repay/Qualified Mortgage Rule Assessment. Dodd-Frank requires the Bureau to conduct an assessment of each significant rule or order adopted by the Bureau under Federal consumer financial law. The … Continue reading
June 5, 2017 in Regulation | Permalink | No Comments
May 31, 2017
Cracked Foundation for American Households
President Trump’s budget claims to lay A New Foundation for American Greatness. Whatever else it does, when it comes to housing it leads down a path to ruin for many an American family. Here is just some of what he … Continue reading
May 31, 2017 in Regulation | Permalink | No Comments
May 25, 2017
NYC’s Housing Supply
The New York City Rent Guidelines Board (of which I am a member) released its 2017 Housing Supply Report. It has a lot of interesting data for housing nerds as well as those of us obsessed with NYC. Here is a taste: There … Continue reading
May 25, 2017 in Regulation | Permalink | No Comments
May 24, 2017
American Bankers on Mortgage Market Reform
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
May 24, 2017 in Regulation | Permalink | No Comments
May 19, 2017
Understanding The Ability To Repay Rule
The Spring 2017 edition of the Consumer Financial Bureau’s Supervisory Highlights contains “Observations and approach to compliance with the Ability to Repay (ATR) rule requirements. The ability to repay rule is intended to keep lenders from making and borrowers from … Continue reading
May 19, 2017 in Regulation | Permalink | No Comments
May 18, 2017
Secrets of The Title Insurance Industry
The New York State Department of Financial Services has proposed two new regulations for the title insurance industry. Premiums for title insurance in New York State are set by regulators, so title insurance companies cannot compete on price. Instead, they … Continue reading
May 18, 2017 in Regulation | Permalink | No Comments
May 17, 2017
Assessing RESPA
The Consumer Financial Protection Bureau issued a Request for Information Regarding 2013 Real Estate Settlement Procedures Act Servicing Rule Assessment. The Bureau is conducting an assessment of the Mortgage Servicing Rules Under the Real Estate Settlement Procedures Act (Regulation X), as … Continue reading
May 17, 2017 in Regulation | Permalink | No Comments
