September 22, 2015
Tuesday’s Regulatory & Legislative Round-Up
The Consumer Financial Protection Bureau (CFPB) has finalized changes to Mortgage Rules as applied to small lenders that operate primarily in underserved and rural areas. This change eliminates some of the prohibitions under the Ability- to-Repay Rule thereby allowing income … Continue reading
September 22, 2015 in Regulation | Permalink | No Comments
September 21, 2015
Monday’s Adjudication Roundup
NY bankruptcy judge dismissed suit against DLA Piper for misappropriation of over $36 million in payments to cover mortgage-backed securities. The judge cited NY law that “prevents wrongdoers and their successors from pursuing claims that arise out of their own … Continue reading
September 21, 2015 in Regulation | Permalink | No Comments
September 18, 2015
Why Credit Rating Agencies Exist
Robert Rhee has posted Why Credit Rating Agencies Exist to SSRN. The abstract reads, Although credit rating agencies exist and are important to the capital markets, there remains a question of why they should exist. Two standard theories are that rating agencies … Continue reading
September 18, 2015 in Regulation | Permalink | No Comments
September 16, 2015
Wednesday’s Academic Roundup
Housing and Mortgages in Transition Economy, John E. Anderson. Underwriting Sustainable Homeownership: The Federal Housing Administration and the Low Down Payment Loan, David J. Reiss, Georgia Law Review, Forthcoming. Mortgage Refinancing, Consumer Spending, and Competition: Evidence from the Home Affordable … Continue reading
September 16, 2015 in Regulation | Permalink | No Comments
September 14, 2015
Monday’s Adjudication Roundup
Bank of America, Wells Fargo & Citigroup cannot escape the City of Miami’s discriminatory lending suit, which caused a loss in city tax revenue. Texas federal judge sanctions the US Environmental Protection Agency for failure to turn over documents that … Continue reading
September 14, 2015 in Regulation | Permalink | No Comments
September 12, 2015
Banks Should Know Their Investment Risks
The latest issue of the Federal Deposit Insurance Corporation’s Supervisory Insights (Devoted to Advancing the Practice of Bank Supervision) has an esoteric, but important article on Bank Investment in Securitizations: The New Regulatory Landscape in Brief (starting on page 13). … Continue reading
September 12, 2015 in Regulation | Permalink | No Comments
September 11, 2015
Friday’s Government Reports Roundup
The FHFA releases it 2015-2017 Housing Goals for Fannie Mae & Freddie Mac. The US Department of Agriculture released its 20th Annual Food Security Report. The reports shows that 1 in 7 people live in food insecure households, but there … Continue reading
September 11, 2015 in Regulation | Permalink | No Comments
