October 17, 2014
The Other GSE Conservatorship Lawsuit
While there has been a lot of attention over Judge Lamberth’s ruling on the shareholders’ cases regarding Fannie and Freddie’s conservatorships, much less has been given to Judge Cooke’s dismissal of Samuels v. FHFA (No. 13-22399 S.D. Fla. ) (Sept. … Continue reading
October 17, 2014 in Regulation | Permalink | No Comments
October 15, 2014
Reiss in Newsday on Stimulus Program
Newsday quoted me in State Faults Venture Capital Firm (registration required for full access). The story reads in part, New York State officials say Canrock Ventures, a venture capital firm in Brookville, failed to notify them of potential conflicts of … Continue reading
October 15, 2014 in Regulation | Permalink | No Comments
October 14, 2014
Reiss on The FHFA’s Common Securitization Platform
I have submitted my response to the FHFA’s Request for Input on the Proposed Single Security Structure. The abstract for my response, The FHFA’s Proposed Single Security Structure, reads, The Federal Housing Finance Agency (FHFA) has posted a Request for … Continue reading
October 14, 2014 in Regulation | Permalink | No Comments
October 10, 2014
Dodd-Frank Mortgage Rules Readiness Guide
The CFPB issued Version 3.0 of its 2014 CFPB Dodd-Frank Mortgage Rules Readiness Guide “to help financial institutions come into and maintain compliance with the new mortgage rules outlined in Part I of this Guide. . . .. This Guide … Continue reading
October 10, 2014 in Regulation | Permalink | No Comments
October 9, 2014
A Framework For Housing Finance
The Government Accountability Office has released Housing Finance System: A Framework for Assessing Potential Changes. The GAO writes, To help policymakers assess various proposals for changing the single-family housing finance system and consider ways in which the system could be … Continue reading
October 9, 2014 in Regulation | Permalink | No Comments
October 6, 2014
Are the FHA’s Losses Heartbreaking?
The Inspector General of the Department of of Housing and Urban Development issued an audit of FHA’s Loss Mitigation Program (2014-KC-0004). The Office of the Inspector General (the OIG) did the audit because of its “concern that FHA might have incurred … Continue reading
October 6, 2014 in Regulation | Permalink | No Comments
September 25, 2014
How Much Did the FHA Cost Us?
Until the financial crisis hit, the Federal Housing Administration has never required budgetary support for its mortgage insurance programs. When it received a $1.7 billion infusion from the Treasury, it was seen as a sad day in the FHA’s long … Continue reading
September 25, 2014 in Regulation | Permalink | No Comments
