September 2, 2015
Expanding the Credit Box
DBRS has posted U.S. Residential Mortgage Servicing Mid-Year Review and 2015 Outlook. There is a lot of interest in it, including a table that demonstrates how “the underwriting box for prime mortgages slowly keeps getting wider.” (7) The report notes that While most lenders continue … Continue reading
September 2, 2015 in Regulation | Permalink | No Comments
Wednesday’s Academic Roundup
On the Cyclicity of Regional House Prices: New Evidence for U.S. Metropolitan Statistical Areas, Michael André Flor & Torben Klarl, CESifo Working Paper Series No. 5471. How Mortgage Finance Affects the Urban Landscape, Sewin Chan, Andrew Haughwout & Joseph S. … Continue reading
September 2, 2015 in Regulation | Permalink | No Comments
September 1, 2015
Credit Risk Transfer Deals
The Federal Housing Finance Agency released an Overview of Fannie Mae and Freddie Mac Credit Risk Transfer Transactions. It opens, In 2012, the Federal Housing Finance Agency (FHFA) initiated a strategic plan to develop a program of credit risk transfer … Continue reading
September 1, 2015 in Regulation | Permalink | No Comments
August 31, 2015
Monday’s Adjudication Roundup
Thornburg Mortgage Inc. Ch. 11 trustee wins $45 million against RBC Capital Markets LLC for seizing and miscalculating the value of some mortgage-backed securities from Thornburg in 2007. Fidelity National Title Insurance Co. will not be liable for $38 million … Continue reading
August 31, 2015 in Regulation | Permalink | No Comments
August 28, 2015
Underwriting Sustainable Homeownership
I have posted Underwriting Sustainable Homeownership: The Federal Housing Administration and the Low Down Payment Loan to SSRN (and to BePress). It is forthcoming in the Georgia Law Review. The abstract reads, The United States Federal Housing Administration (“FHA”) has been … Continue reading
August 28, 2015 in Regulation | Permalink | No Comments
Friday’s Government Reports Roundup
According to the Family Outcomes Study conducted by HUD, Housing Choice Vouchers are critical in families maintaining housing. Children from homeless families that receive vouchers “are less likely to miss school, and they experience lower rates of hunger and domestic … Continue reading
August 28, 2015 in Regulation | Permalink | No Comments
August 26, 2015
Principal-ed Reduction
The Urban Institute’s Housing Finance Policy Center has issued a report, Principal Reduction and the GSEs: The Moment for a Big Impact Has Passed. It opens, The Federal Housing Finance Agency (FHFA) prohibits Fannie Mae and Freddie Mac (the … Continue reading
August 26, 2015 in Regulation | Permalink | No Comments
