July 7, 2014
Servicer Safety & Soundness and Consumer Protection
The FHFA’s Inspector General issued an audit, FHFA Actions to Manage Enterprise Risks from Nonbank Servicers Specializing in Troubled Mortgages. The audit identified two major risks in the current environment: Using short-term financing to buy servicing rights for troubled mortgage … Continue reading
July 7, 2014 in Regulation | Permalink | No Comments
July 1, 2014
Reiss in CSM on Rental Policy
The Christian Science Monitor quoted me in Census Outlines ‘Poverty Areas’: Which States Hit Hardest? It reads in part, The number of US residents living in “poverty areas” has jumped significantly since 2000, according to a Census Bureau report released … Continue reading
July 1, 2014 in Regulation | Permalink | No Comments
June 30, 2014
Mortgage Market Trending in the Right Direction, but . . .
The Office of the Comptroller of the Currency (OCC) released its OCC Mortgage Metrics Report, First Quarter 2014. the report is a “Disclosure of National Bank and Federal Savings Association Mortgage Loan Data,” and it “presents data on first-lien residential … Continue reading
June 30, 2014 in Regulation | Permalink | No Comments
June 27, 2014
Urban Reviewer: NYC’s Neighborhood Plans
NYC land use geeks will want to check out the Urban Reviewer. From its website, The City of New York has adopted over 150 master plans for our neighborhoods. You can see which areas have been affected and what those … Continue reading
June 27, 2014 in Regulation | Permalink | No Comments
June 26, 2014
State of the Nation’s Housing Finance
The Joint Center for Housing Studies of Harvard University has released the 2014 edition of The State of the Nation’s Housing. As to the nation’s housing finance system, the report finds that The government still had an outsized footprint in … Continue reading
June 26, 2014 in Regulation | Permalink | No Comments
Alabama Court Reverses Lower Court’s Decision Granting Summary Judgment to Foreclosing Entity
The court in deciding Sturdivant v. BAC Home Loan Servicing, LP, 2013 Ala. Civ. App. (Ala. Civ. App., 2013) reversed the lower court’s ruling that granted summary judgment to a foreclosing entity with respect to its complaint in ejectment against … Continue reading
June 26, 2014 in Regulation | Permalink | No Comments
June 25, 2014
Michigan Court Rejects TILA and RESPA Claims in Granting Summary Judgment
The court in deciding Morton v. Bank of Am., N.A., 2013 U.S. Dist. (W.D. Mich., 2013) ultimately concluded that the moving defendants are entitled to judgment on all plaintiff’s claims as a matter of law. Plaintiff asserted that none of … Continue reading
June 25, 2014 in Regulation | Permalink | No Comments
