January 13, 2015
Housing Subsidies For Those Who Need Them
The National Low Income Housing Coalition has posted Aligning Federal Low Income Housing Programs with Housing Need. The Executive Summary goes right to the heart of the matter: The number of renters in the United States has steadily increased since … Continue reading
January 13, 2015 in Regulation | Permalink | No Comments
January 9, 2015
S&P’s Upbeat Outlook on Mortgage Market
S&P posted U.S. RMBS Roundtable: Mortgage Origination And Securitization In The Post-Qualified Mortgage/Ability-To-Repay Market. The roundtable discussion offers views on many aspects of the 2015 mortgage market, but I found this passage to be particularly interesting: Originators agreed loans that … Continue reading
January 9, 2015 in Regulation | Permalink | No Comments
January 8, 2015
Reiss on Drop in FHA Premium
Law360 quoted me in FHA Premium Cut Sets Up Fight Over Future Of Housing (behind a paywall). It reads in part, President Barack Obama’s plan to lower premiums on Federal Housing Administration insurance has rekindled a battle with Republicans over … Continue reading
January 8, 2015 in Regulation | Permalink | No Comments
January 7, 2015
Housing Finance Reform at the AALS
The Financial Institutions and Consumer Financial Services Section and the Real Estate Transactions section of the American Association of Law Schools hosted a joint program at the AALS annual meeting on The Future of the Federal Housing Finance System. I … Continue reading
January 7, 2015 in Regulation | Permalink | No Comments
January 6, 2015
Reiss on Payday Lending Regs
CRM Buyer quoted me in CFPB May Rein In Payday Lending. The story opens, The Consumer Financial Protection Bureau is considering various approaches to reforming the payday loan industry, The Wall Street Journal reported on Sunday. The bureau is concerned … Continue reading
January 6, 2015 in Regulation | Permalink | No Comments
December 30, 2014
Reforming Fannie & Freddie’s Multifamily Business
Mark Willis & Andrew Neidhardt’s article, Reforming the National Housing Finance System: What’s at Risk for the Multifamily Rental Market if Fannie Mae and Freddie Mac Go Away?, was recently published in a special issue of the NYU Journal of … Continue reading
December 30, 2014 in Regulation | Permalink | No Comments
December 26, 2014
SEC Update on Rating Agency Industry
The staff of the U.S. Securities and Exchange Commission has issued its Annual Report on Nationally Recognized Statistical Rating Organizations. The report documents some significant problems with the rating agency industry as it is currently structured. The report highlights competition, … Continue reading
December 26, 2014 in Regulation | Permalink | No Comments
