August 14, 2015
Smoldering FIRREA
American Banker quoted me in Banks Take Losses in MBS Case Appeals; Is Supreme Court Next? (behind a paywall) The story reads, in part, Banks that sold faulty mortgage-backed securities right before the crisis have suffered a string of legal defeats … Continue reading
August 14, 2015 in Regulation | Permalink | No Comments
Friday’s Government Reports Roundup
HUD releases report of its activities, for instance, to assess its efforts on homelessness, housing vouchers, energy efficiency in multifamily housing. The Government Accountability Office releases report, which finds that “qualified mortgage (QM) and qualified residential mortgage (QRM) regulations are … Continue reading
August 14, 2015 in Regulation | Permalink | No Comments
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
