December 10, 2018
Cutting Back on Community Reinvestment
Bloomberg Law quoted me in Banks Look to Narrow Exams Under Community Reinvestment Act. It opens, Banks see an opening to limit the types of violations that could lead to a Community Reinvestment Act downgrade as federal regulators begin rewriting rules … Continue reading
December 10, 2018 in Regulation | Permalink | No Comments
October 1, 2018
Hope for GSE Shareholders
Judge Lamberth issued an opinion in Fairholme Funds, Inc. v. FHFA (Civ. No.13-1439) (Sept. 28, 2018) that gives some hope to the private shareholders of Fannie Mae and Freddie Mac. These shareholders have been on the losing end of nearly … Continue reading
October 1, 2018 in Regulation | Permalink | No Comments
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
