January 5, 2016
The Duty to Serve Underserved Markets
The Federal Housing Finance Agency has issued a Notice of Proposed Rulemaking and Request for Comments regarding Enterprise Duty to Serve Underserved Markets. The “Enterprises” are Fannie and Freddie and this duty to serve is a highly contested one, with … Continue reading
January 5, 2016 in Regulation | Permalink | No Comments
January 4, 2016
Monday’s Adjudication Roundup
The U.S. Department of Justice has filed suit against Trump Village Section IV in Brooklyn for allegedly violating the Fair Housing Act by not allowing emotional support dogs to live with their owners who suffered from disabilities. Ocwen Financial Corp. … Continue reading
January 4, 2016 in Regulation | Permalink | No Comments
December 30, 2015
Wednesday’s Academic Roundup
Mortgage Choice Determinants: The Role of Risk and Bank Regulation, Mardi H. Dungey, Firmin Doko Tchatoka, Graeme Wells & Maria Yanotti, Economic Record, Vol. 91, Issue 295, pp. 417–437, 2015 (Paid Access). Subprime Governance: Agency Costs in Vertically Integrated Banks … Continue reading
December 30, 2015 in Regulation | Permalink | No Comments
December 28, 2015
Monday’s Adjudication Roundup
HSBC settles class action by homeowners that claimed the bank received kickbacks for insurance policies on their properties. Goldman Sachs, Deutsche Bank and RBS have petitioned the US Supreme Court to consider repose statutes and statutes of limitations extenders that … Continue reading
December 28, 2015 in Regulation | Permalink | No Comments
December 23, 2015
Fannie/Freddie 2016 Scorecard
The Federal Housing Finance Agency has posted the 2016 Scorecard for Fannie Mae, Freddie Mac, and Common Securitization Solutions. The FHFA assesses the three entities using the following criteria, among others: The extent to which each Enterprise conducts initiatives in a safe and … Continue reading
December 23, 2015 in Regulation | Permalink | No Comments
Wednesday’s Academic Roundup
Real Estate Price Indices and Price Dynamics: An Overview from an Investment Perspective, David Geltner, Annual Review of Financial Economics, Vol .7, pp. 615–633, 2015. Migration and Housing Price Effects of Place-Based College Scholarships, Timothy J. Bartik & Nathan Sotherland, … Continue reading
December 23, 2015 in Regulation | Permalink | No Comments
December 21, 2015
Monday’s Adjudication Roundup
Class action suit filed against JPMorgan for alleged illegal demand of payment from junior mortgage holders who’s senior mortgages had been foreclosed. The class claims that JPMorgan’s demands violated several California laws. PHH Corp. urges the DC Circuit to vacate … Continue reading
December 21, 2015 in Regulation | Permalink | No Comments
