August 12, 2015
Wednesday’s Academic Roundup
Housing Markets and Unconventional Monetary Policy, Charles Rahal. The Effect of Housing Wealth Shocks on Work and Retirement Decisions, Jaclene Begley & Sewin Chan. Millennials, Baby Boomers, and Rebounding Multifamily Home Construction, Jordan Rappaport, Federal Reserve Bank of Kansas City … Continue reading
August 12, 2015 in Regulation | Permalink | No Comments
August 10, 2015
Is the CFPB Unconstitutional?
DepositAccounts.com quoted me in Old Court Case Puts Consumer Financial Protection Bureau on Hot Seat. It reads, in part, here is such a thing as a second act. Even court cases can be resurrected from the dead. Two years after State … Continue reading
August 10, 2015 in Regulation | Permalink | No Comments
Monday’s Adjudication Roundup
NY federal court approves Citigroup Global Markets Inc., Goldman Sachs & Co. and UBS Securities LLC settlement for $235 million in class action from pension fund for false prospectuses in mortgage-backed securities. Better Markets, a financial reform advocacy group, files … Continue reading
August 10, 2015 in Regulation | Permalink | No Comments
August 7, 2015
What To Do With MERS?
Bloomberg BNA quoted me in More Policy Queries As MERS Racks Up Court Wins (behind a paywall). The article further discusses the case I had blogged about earlier this week. It reads, in part, Mortgage Electronic Registration Systems, Inc. (MERS), the keeper of … Continue reading
August 7, 2015 in Regulation | Permalink | No Comments
August 6, 2015
eClosings
The Consumer Financial Protection Bureau has issued a report on its eClosing pilot, Leveraging Technology to Empower Mortgage Consumers at Closing. The term “eClosing” refers to technology-enabled loan closings. The CFPB became interested in how eClosings “could facilitate embedding educational … Continue reading
August 6, 2015 in Regulation | Permalink | No Comments
August 5, 2015
Wednesday’s Academic Roundup
The Impact of the Home Valuation Code of Conduct on Appraisal and Mortgage Outcomes, Lei Ding & Leonard I. Nakamura, FRB of Philadelphia Working Paper No. 15-28. Financial Literacy and Mortgage Credit: Evidence from the Recent Mortgage Market Crisis, Xudong … Continue reading
August 5, 2015 in Regulation | Permalink | No Comments
August 4, 2015
MERS Victorious
The U.S. Court of Appeals for the Third Circuit ruled in favor of MERS in Montgomery County v. MERSCORP, (August 3, 2015, No. 15-1219) (Barry, J.). MERS, for the uninitiated, is a national electronic loan registry system that permits its members to freely … Continue reading
August 4, 2015 in Regulation | Permalink | No Comments
