March 20, 2017
United States v. CFPB
The Trump Administration has filed an amicus brief in PHH Corp. v. CFPB. The case is schedule for an en banc hearing in May. The filing is particularly newsworthy because the Trump Administration is siding with PHH, a mortgage lender, … Continue reading
March 20, 2017 in Regulation | Permalink | No Comments
March 17, 2017
Can Downpayment Assistance Work?
The HUD Inspector General issued a report on FHA-Insured Loan with Borrower-Financed Downpayment Assistance. Downpayment assistance has a long history of failure, a history that has led to big losses for the FHA and foreclosures for borrowers. The IG audited … Continue reading
March 17, 2017 in Regulation | Permalink | No Comments
March 16, 2017
Trump, Homelessness and the General Welfare
The Hill published my column, Trump’s Budget Proposal Is Bad News for Housing Across the Nation. It opens, The White House unveiled its much anticipated budget proposal today. It shows deep cuts to important agencies, including a more than $6 billion decrease in … Continue reading
March 16, 2017 in Regulation | Permalink | No Comments
March 15, 2017
Fannie and Freddie’s Credit Risk Transfers
The Urban Institute’s Housing Finance Policy Center has released its February 2017 Housing Finance at a Glance Chartbook, always a great resource for housing geeks. Each Chartbook highlights one topic. This one focuses on GSE credit risk transfers, an important … Continue reading
March 15, 2017 in Regulation | Permalink | No Comments
March 14, 2017
Gorsuch and the State of Administrative Law
I was interviewed by Harold O’Grady on his podcast for the BLS Library Blog about Supreme Court nominee Judge Gorsuch: This conversation with Brooklyn Law School Professor David Reiss focuses on his recent article Gorsuch, CFPB and Future of the Administrative … Continue reading
March 14, 2017 in Regulation | Permalink | No Comments
March 13, 2017
Three Paths to Housing Finance Reform
The Urban Institute’s Jim Parrott has posted Clarifying the Choices in Housing Finance Reform. It opens, The housing finance reform debate has often foundered under the weight of its complexity. Not only is it a complicated topic, both in its … Continue reading
March 13, 2017 in Regulation | Permalink | No Comments
March 8, 2017
What’s the CFPB Ever Done for Housing?
TheStreet.com quoted me in What’s the CFPB Ever Done For Housing? Quite A Lot. It reads, in part, The Consumer Financial Protection Bureau grew out of the housing market crash of 2008 and subsequent Dodd-Frank legislation. As a watchdog with teeth, … Continue reading
March 8, 2017 in Regulation | Permalink | No Comments
