July 25, 2014
Financial Literacy Rehash
The Consumer Financial Protection Bureau released its second Financial Literacy Annual Report. In blogging about last year’s report, I noted that the CFPB assumed that financial education worked more than research had shown it to work. Unfortunately, this report seems … Continue reading
July 25, 2014 in Regulation | Permalink | No Comments
July 22, 2014
Risky Cash-Out Refis
Anil Kumar of the Dallas Fed has posted Do Restrictions on Home Equity Extraction Contribute to Lower Mortgage Defaults? Evidence from a Policy Discontinuity at the Texas’ Border to SSRN. The abstract reads Given that excessive borrowing helped precipitate the … Continue reading
July 22, 2014 in Regulation | Permalink | No Comments
July 21, 2014
A Resilient NYC
NYU’s Furman Center released a report, The Price of Resilience: Can Multifamily Housing Afford to Adapt? It explains that storm-proofing New York City poses several special challenges not shared by all coastal areas. First, New York City is largely built … Continue reading
July 21, 2014 in Regulation | Permalink | No Comments
July 17, 2014
Armed, Unarmed or Harmed by Knowledge?
I posted Armed, Unarmed or Harmed by Knowledge? A Comment on the FHA’s Housing Counseling Pilot Program to SSRN (and to BePress). The abstract reads, The FHA has requested input on its Homeowners Armed with Knowledge (HAWK) for New Homebuyers … Continue reading
July 17, 2014 in Regulation | Permalink | No Comments
July 16, 2014
Good Data for the FHFA
The Federal Housing Finance Agency released a White Paper on the FHFA Mortgage Analytics Platform. By way of background, the White Paper states that The Federal Housing Finance Agency (FHFA) maintains a proprietary Mortgage Analytics Platform to support the Agency’s … Continue reading
July 16, 2014 in Regulation | Permalink | No Comments
July 14, 2014
Reiss on Mortgage Insurance Proposal
Law360 quoted me in FHFA Capital Rules Will Squeeze Older Mortgage Insurers (behind a paywall). It opens, The Federal Housing Finance Agency on Thursday released proposals that would impose higher capital requirements on private mortgage insurers doing business with Fannie Mae and Freddie Mac, but experts … Continue reading
July 14, 2014 in Regulation | Permalink | No Comments
July 11, 2014
What Should the 21st Century Mortgage Market Look Like?
Treasury is requesting Public Input on Development of Responsible Private Label Securities (PLS) Market. Comments are due on August 8, 2014. The request for information wants input on the following questions: 1. What is the appropriate role for new issue … Continue reading
July 11, 2014 in Regulation | Permalink | No Comments
