May 4, 2015
Who Knows The ABCs of Finance?
Annamaria Lusardi recently posted a working paper, Financial Literacy: Do People Know the ABCs of FInance? to SSRN. The abstract reads, Increasingly, individuals are in charge of their own financial security and are confronted with ever more complex financial instruments. … Continue reading
May 4, 2015 in Regulation | Permalink | No Comments
Monday’s Adjudication Roundup
Ocwen and Assurant settle with homeowners for $140 million in class action suit, in which the homeowners alleged that Ocwen received kickbacks by inflating premium costs for forced-placed insurance. New York’s Appellate Division, First Department, affirmed dismissal of suit against … Continue reading
May 4, 2015 in Regulation | Permalink | No Comments
May 1, 2015
En-Titled Insurance
Benjamin M. Lawsky, the New York State Superintendent of Financial Services, has promulgated a proposed regulation regarding title insurance that is sure to shake up the title industry and, more importantly, reduce closing costs for NY homeowners. The proposed regulation … Continue reading
May 1, 2015 in Regulation | Permalink | No Comments
April 29, 2015
Wednesday’s Academic Roundup
The Rescue of Fannie Mae and Freddie Mac, by W. Scott Frame, Andreas Fuster, Joseph H. Tracy & James I. Vickery, FRB Atlanta Working Paper No. 2015-2. Architectural Exclusion: Discrimination and Segregation Through Physical Design of the Built Environment, by … Continue reading
April 29, 2015 in Regulation | Permalink | No Comments
April 27, 2015
Monday’s Adjudication Roundup
Quicken Loans Inc. filed a complaint against the Justice Department and the U.S. Department of Housing and Urban Development claiming that they tried to get Quicken to make false admissions during a settlement. The Government in turn sued Quicken under … Continue reading
April 27, 2015 in Regulation | Permalink | No Comments
April 24, 2015
Fannie & Freddie and Multifamily
The Urban Institute has posted a Housing Finance Policy Center Brief, The GSEs’ Shrinking Role in the Multifamily Market. It opens, Though the two government-sponsored enterprises (GSEs)—Fannie Mae and Freddie Mac—are best known for their dominant role in the single-family … Continue reading
April 24, 2015 in Regulation | Permalink | No Comments
Friday’s Government Reports Roundup
The Federal Housing Finance Agency (FHFA) released its results to the Fannie Mae and Freddie Mac Guarantee Fee Review. Following the release, the FHFA announced that the fees would remain the same with modest adjustments. HUD released the 2009-2011 National … Continue reading
April 24, 2015 in Regulation | Permalink | No Comments
