August 3, 2015
Monday’s Adjudication Roundup
The Third Circuit upholds class certification in case against PNC Bank NA, in which individuals are alleging the bank participated in an illegal home equity lending scheme. Residential Credit Solutions Inc., a mortgage servicing company, will pay $1.6 million in … Continue reading
August 3, 2015 in Regulation | Permalink | No Comments
July 31, 2015
Friday’s Government Reports Roundup
HUD’s Office of Policy Development and Research released paper, which describes its “Bridge to Family Self-Sufficiency” Program. The program is intended to determine if low-income families in public housing improve their overall stability, with the right support. HUD released public, … Continue reading
July 31, 2015 in Regulation | Permalink | No Comments
July 29, 2015
Wednesday’s Academic Roundup
The Marginal Effect of First-Time Homebuyer Status on Mortgage Default and Prepayment, Saty Patrabansh, FHFA Working Paper 15-2. Gender Bias and Credit Access, Steven Ongena & Alexander A. Popov, ECB Working Paper No. 1822. Explaining the Boom-Bust Cycle in the … Continue reading
July 29, 2015 in Regulation | Permalink | No Comments
July 28, 2015
Optimizing Mortgage Availability
The United States Government Accountability Office (GAO) has issued a report, Mortgage Reforms: Actions Needed to Help Assess Effects of New Regulations. The GAO did this study to predict the effects of the Qualified Mortgage (QM) and Qualified Residential Mortgage … Continue reading
July 28, 2015 in Regulation | Permalink | No Comments
July 27, 2015
Monday’s Adjudication Roundup
New York federal courts says HSBC Bank USA NA will face suit from National Credit Union Administration for over $2 billion in mortgage backed securities that HSBC served as trustee for. In the US DOJ’s reply in Quicken Loans suit … Continue reading
July 27, 2015 in Regulation | Permalink | No Comments
July 24, 2015
Friday’s Government Reports
The U.S. Census Bureau and U.S. Department of Housing and Urban Development jointly released the New Residential Construction statistics for June 2015 – which shows sizable increases in housing starts (compared to June 2014) for multiple unit construction, particularly in the … Continue reading
July 24, 2015 in Regulation | Permalink | No Comments
July 23, 2015
Thursday’s Advocacy & Think Tank Round-Up
The Federal Reserve Bank of New York’s Staff Report, Determinants of Mortgage Default and Consumer Credit Use: The Effects of Foreclosure Laws and Foreclosure Delays, examines the interconnectedness of debt repayment decisions – specifically finding that mortgage default is negatively correlated with … Continue reading
July 23, 2015 in Regulation | Permalink | No Comments
