July 28, 2016
Freddie and Fannie Nightmare Scenario
For a number of years, I have warned of the increased operational risk that results from leaving Fannie Mae and Freddie Mac in the limbo of their conservatorships. “Operational risk” refers to risks that a company faces from things like poor procedures, … Continue reading
July 28, 2016 in Regulation | Permalink | No Comments
July 27, 2016
Regulating Small Lenders
The Consumer Financial Protection Bureau is often subject to a lot of criticism for imposing a heavy regulatory burden on small community banks and credit unions (together, community lenders). A recent Government Accountability Office report, Community Lenders Remain Active under New Rules, … Continue reading
July 27, 2016 in Regulation | Permalink | No Comments
July 20, 2016
The Republican Housing Platform
The Republican Party adopted its platform earlier this week. The short housing platform is worth reading in its entirety: Responsible Homeownership and Rental Opportunities Homeownership expands personal liberty, builds communities, and helps Americans create wealth. “The American Dream” is not … Continue reading
July 20, 2016 in Regulation | Permalink | No Comments
July 11, 2016
Does Housing Finance Reform Still Matter?
The Milken Institute’s Michael Bright and Ed DeMarco have posted a white paper, Why Housing Reform Still Matters. Bright was the principal author of the Corker-Warner Fannie/Freddie reform bill and DeMarco is the former Acting Director of the Federal Housing Finance … Continue reading
July 11, 2016 in Regulation | Permalink | No Comments
July 8, 2016
Spreading Mortgage Credit Risk
The Federal Housing Finance Agency has released the Single-Family Credit Risk Transfer Progress Report. Important aspects of Fannie and Freddie’s future are described in this report. It opens, Since 2012, the Federal Housing Finance Agency (FHFA) has set as a strategic objective … Continue reading
July 8, 2016 in Regulation | Permalink | No Comments
July 6, 2016
Violations of Law and Consumer Harm
The Federal Financial Institutions Examination Council (FFIEC) issued a notice and request for comment regarding the Uniform Interagency Consumer Compliance Rating System (CC Rating System). My comment letter reads as follows: The Federal Financial Institutions Examination Council (FFIEC) issued a notice and request for comment regarding … Continue reading
July 6, 2016 in Regulation | Permalink | No Comments
July 5, 2016
Dems Favor Land Use Reform
The Democratic Party has released its draft 2016 Policy Platform. Its housing platform follows in its entirety. I find the highlighted clause particularly intriguing and discuss it below. Where Donald Trump rooted for the housing crisis, Democrats will continue to fight … Continue reading
July 5, 2016 in Regulation | Permalink | No Comments
