December 10, 2014
Mortgage Leverage and Bubbles
Albert Alex Zevelev has posted Regulating Mortgage Leverage: Fire Sales, Foreclosure Spirals and Pecuniary Externalities to SSRN. The abstract reads, The US housing boom was accompanied by a rise in mortgage leverage. The subsequent bust was accompanied by a rise … Continue reading
December 10, 2014 in Regulation | Permalink | No Comments
December 9, 2014
Transit-Oriented Development No Panacea
The Government Accountability Office issued a report, Multiple Factors Influence Extent of Transit-Oriented Development. The GAO writes that From 2004 to 2014, FTA [Federal Transit Administration] allocated $18.9 billion to build new or expanded transit systems through the Capital Investment … Continue reading
December 9, 2014 in Regulation | Permalink | No Comments
December 8, 2014
Solving Complexity in Consumer Credit
Kathleen Engel posted Can Consumer Law Solve the Problem of Complexity in U.S. Consumer Credit Products? to SSRN. The abstract reads, People like to know and understand the total cost of credit products they are considering. They also like to … Continue reading
December 8, 2014 in Regulation | Permalink | No Comments
December 5, 2014
Regulating Rationally for Consumers
Alan Schwartz has posted Regulating for Rationality to SSRN. The abstract reads, Traditional consumer protection law responds with various forms of disclosure to market imperfections that are the consequence of consumers being imperfectly informed or unsophisticated. This regulation assumes that … Continue reading
December 5, 2014 in Regulation | Permalink | No Comments
December 4, 2014
Strip-Downs Are Good
The Philadelphia Fed has posted a Working Paper, Using Bankruptcy to Reduce Foreclosures: Does Strip-Down Of Mortgages Affect The Supply of Mortgage Credit? The paper’s abstract reads, We assess the credit market impact of mortgage “strip-down” — reducing the principal … Continue reading
December 4, 2014 in Regulation | Permalink | No Comments
December 2, 2014
Romano’s Iron Law of Financial Regulation
Roberta Romano has posted an essay, Further Assessment of the the Iron Law of Financial Regulation: A Postscript to Regulating in the Dark, to SSRN. The abstract reads, In an earlier companion essay, Regulating in the Dark, I contended that … Continue reading
December 2, 2014 in Regulation | Permalink | No Comments
November 28, 2014
Accurately Measuring Mortgage Availability
The Urban Institute’s Housing Finance Policy Center has posted a research report, Measuring Mortgage Credit Availability Using Ex-Ante Probability of Default. This report tackles an important subject: How to strike a balance between credit availability and risk to achieve a … Continue reading
November 28, 2014 in Regulation | Permalink | No Comments
