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
September 19, 2014
Performance-Based Consumer Law
Lauren Willis has posted Performance-Based Consumer Law to SSRN. This article makes the case for recognizing performance-based regulation as a distinct tool in the consumer-law regulatory toolbox and for employing this tool broadly. Performance-based consumer law has the potential to … Continue reading
September 19, 2014 in Regulation | Permalink | No Comments
September 18, 2014
Frannie Reps and Warranties Crisis Brewing
The Inspector General of the Federal Housing Finance Agency released an audit, FHFA’s Representation and Warranty Framework. Reps and warranties are a risk-shifting device that sophisticated commercial parties use in transactions. If a party makes a representation or warranty that … Continue reading
September 18, 2014 in Regulation | Permalink | No Comments
September 16, 2014
Gimme More Mortgage Data!
People are always talking about the value of data about web browsing habits. They don’t talk nearly enough about the value of data about mortgage shopping habits. Regulators and researchers do not know nearly enough about how borrowers and lenders … Continue reading
September 16, 2014 in Regulation | Permalink | No Comments
September 15, 2014
Housing Goals and Housing Finance Reform
The Federal Housing Finance Agency issued a proposed rule that would establish housing goals for Fannie and Freddie for the next three years. The Federal Housing Enterprises Financial Safety and Soundness Act of 1992 required that Fannie and Freddie’s regulator … Continue reading
September 15, 2014 in Regulation | Permalink | No Comments
September 12, 2014
Reiss on Housing Finance Reform
Inside MBS and ABS, the trade journal, quoted me in DeMarco Cites ‘Structural Improvements’ in Housing Six Years After GSE Conservatorship, More Needed (behind a paywall). It reads, Six years after the government takeover of Fannie Mae and Freddie Mac, … Continue reading
September 12, 2014 in Regulation | Permalink | No Comments
September 5, 2014
Planning and Protesting at the Brooklyn Book Festival
I will be moderating a panel at the 2014 Brooklyn Book Festival on Sunday, September 21st at 10am in the Brooklyn Law School Moot Courtroom. The panel is Planning and Protesting: Cities Evolve! With the city constantly evolving, each major … Continue reading
September 5, 2014 in Regulation | Permalink | No Comments
