January 29, 2015
Krimminger and Calabria on Conservatorships
By Michael Krimminger and Mark Calabria have shared The Conservatorships of Fannie Mae and Freddie Mac: Actions Violate HERA and Established Insolvency Principles. The paper opens, When the Federal Housing Finance Agency (“FHFA”) was appointed conservator for Fannie Mae and … Continue reading
January 29, 2015 in Regulation | Permalink | No Comments
January 28, 2015
Who Benefits from the Low Income Housing Tax Credit?
HUD’s Office of Policy Development and Research has released a report, Understanding Whom the LIHTC Program Serves: Tenants in LIHTC Units as of December 31, 2012. By way of background, The Low-Income Housing Tax Credit (LIHTC) Program provides tax credits … Continue reading
January 28, 2015 in Regulation | Permalink | No Comments
January 23, 2015
Fannie/Freddie 2015 Scorecard
The Federal Housing Finance Agency (FHFA) released its 2015 Scorecard for Fannie Mae, Freddie Mac and Common Securitization Solutions. The scorecard identifies priorities for the two companies and their joint venture, Common Securitization Solutions (CSC). The scorecard builds on the … Continue reading
January 23, 2015 in Regulation | Permalink | No Comments
January 22, 2015
Kroll on Mortgage Performance
The Kroll Bond Rating Agency has issued an update of its residential mortgage-backed securities model methodology, Residential Mortgage Default and Loss Model. Before the financial crisis, ratings models seemed to be very reliable, data-driven models of probity and caution. We … Continue reading
January 22, 2015 in Regulation | Permalink | No Comments
January 16, 2015
Location, Location, Location of NYC Affordable Housing
NYU’s Furman Center has released a white paper, Housing, Neighborhoods, and Opportunity: The Location of New York City’s Subsidized Affordable Housing. The report opens, Rent burdens for low- and moderate-income renters continue to grow in New York City, inviting calls … Continue reading
January 16, 2015 in Regulation | Permalink | No Comments
January 15, 2015
GSE Conservatorship History Lesson
Mark Calabria, the Director of Financial Regulation Studies at the Cato Institute, has posted a very interesting paper, The Resolution of Systemically Important Financial Institutions: Lessons from Fannie and Freddie. This is a more formal version of what he presented … Continue reading
January 15, 2015 in Regulation | Permalink | No Comments
January 14, 2015
Reiss on New Mortgage Tool
Tech News World quoted me in CFPB Shifts Some Power to Mortgage Shoppers. The story reads in part, The Consumer Financial Protection Bureau on Tuesday introduced Owning a Home, a set of online tools designed to make it easier for … Continue reading
January 14, 2015 in Regulation | Permalink | No Comments
