December 15, 2014
Reiss on Fair Housing Falsehood
The Providence (R.I.) Journal quoted me in its Truth-O-Meter column: Mike Stenhouse: According to HUD, It’s Unfair, Unjust for Wealthy to Live in Exclusive Neighborhoods. The column reads, in part, For more than three years, the Rhode Island Division of … Continue reading
December 15, 2014 in Regulation | Permalink | No Comments
December 11, 2014
Fannie and Freddie Begin a New Stage
The Federal Housing Finance Agency has ordered Fannie and Freddie to begin making contributions to the Housing Trust Fund and to the Capital Magnet Fund. These two funds were created pursuant to the Housing and Economic Recovery Act of 2008, … Continue reading
December 11, 2014 in Regulation | Permalink | No Comments
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
