September 4, 2018
Housing Finance Transitions
The Congressional Budget Office released a report, Transitioning to Alternative Structures for Housing Finance: An Update. The report updates a 2014 analysis to inform policymakers about how different approaches to restructuring the housing finance system would affect federal costs, risks … Continue reading
September 4, 2018 in Regulation | Permalink | No Comments
August 24, 2018
GSE Shareholders Floored, Again
The United States Court of Appeals for the Eighth Circuit issued an opinion in Saxton v. FHFA (No. 17-1727, Aug. 23, 2018). The Eighth Circuit joins the Fifth, Sixth, Seventh and D.C. Circuits in rejecting the arguments of Fannie and … Continue reading
August 24, 2018 in Regulation | Permalink | 1 Comment
August 17, 2018
Fintech and Mortgage Lending
The Trump Administration released its fourth and final report on Nonbank Financials, Fintech, and Innovation in its A Financial System That Creates Economic Opportunity series. The report differs from the previous three as it does not throw the Consumer Financial … Continue reading
August 17, 2018 in Regulation | Permalink | 1 Comment
May 7, 2018
Housing in the Trump Era
The Real Estate Transactions Section of the American Association of Law Schools has issued the following Call for Papers: Access + Opportunity + Choice: Housing Capital, Equity, and Market Regulation in the Trump Era Program Description: The year 2018 marks the … Continue reading
May 7, 2018 in Regulation | Permalink | No Comments
April 20, 2018
Rate-Lock Lock Out
Mick Mulvaney plays against type by signing off on a Consent Order with a billion dollar penalty for Wells Fargo. The Order stated that Wells, among other things, charged “fees for rate-lock extensions in connection with residential-mortgage lending” and violated … Continue reading
April 20, 2018 in Regulation | Permalink | No Comments
April 10, 2018
Taking Apart The CFPB, Bit by Bit
Mick Mulvaney’s Message in the CFPB’s latest Semi-Annual Report is crystal clear regarding his plans for the Bureau: As has been evident since the enactment of the Dodd-Frank Act, the Bureau is far too powerful, and with precious little oversight … Continue reading
April 10, 2018 in Regulation | Permalink | No Comments
April 5, 2018
Fight Over The Community Reinvestment Act
Bloomberg BNA quoted me in Community Investment Revamp for Banks Likely To Spark Fight (behind a paywall). It opens, Community groups and banks agree that the Community Reinvestment Act needs an update, but with regulators beginning an ambitious overhaul of the … Continue reading
April 5, 2018 in Regulation | Permalink | No Comments
