February 17, 2015
Tuesday’s Regulatory & Legislative Round-Up
HUD AWARDS $1.8 BILLION TO IMPROVE, PRESERVE NATION’S PUBLIC HOUSING Says Housing Authorities Will Use Funding to Maintain Housing for Families, Seniors Julián Castro: Secretary of U.S. Department of Housing and Urban Development (HUD) Positive About the FHA in Written Testimony before … Continue reading
February 17, 2015 in Regulation | Permalink | No Comments
February 13, 2015
Friday’s Government Reports
FHFA House Price Index up .08% in November 2014 HUD’s Worst Case Housing Needs 2015 Report to Congress New York Comptroller’s Report Finds Empire State Development Corporation Lacking in Accountability and Transparency Consumer Financial Protection Bureau Releases Report On Reverse … Continue reading
February 13, 2015 in Regulation | Permalink | No Comments
February 12, 2015
Realistic Strategies for Consumer Education
The Consumer Financial Protection Bureau has issued its latest Strategic Plan, Budget, and Performance Plan and Report. I was critical of last year’s strategic plan as it related to financial education. I felt that the CFPB was too optimistic about … Continue reading
February 12, 2015 in Regulation | Permalink | No Comments
February 10, 2015
Risky Reverse Mortgages
The Consumer Financial Protection Bureau released a report, Snapshot of Reverse Mortgage Complaints: December 2011-December 2014. By way of background, Reverse mortgages differ from other types of home loans in a few important ways. First, unlike traditional “forward” mortgages, reverse … Continue reading
February 10, 2015 in Regulation | Permalink | No Comments
February 9, 2015
Reiss on $191B for Fannie & Freddie
GlobeSt.com quoted me in About that $191B Profit from the GSEs. It opens, Last week when the White House released its budget for fiscal year 2016, it included one eyebrow-raising line item: it assumed that Fannie Mae and Freddie Mac … Continue reading
February 9, 2015 in Regulation | Permalink | No Comments
February 6, 2015
Here Comes The Housing Trust Fund
HUD has published an interim rule in the Federal Register to governing the Housing Trust Fund (HTF). The HTF could generate about a half a billion dollars a year for affordable housing initiatives, so this is a big deal. The … Continue reading
February 6, 2015 in Regulation | Permalink | No Comments
February 5, 2015
Mortgage Shopping
The Consumer Financial Protection Bureau has issued a report on Consumers’ Mortgage Shopping Experience: A First Look at Results from the National Survey of Mortgage Borrowers. The CFPB’s key findings include a. Almost half of consumers who take out a … Continue reading
February 5, 2015 in Regulation | Permalink | No Comments
