June 23, 2014
Kroll: Non-Banks A Non-Systemic Risk
Kroll Bond Rating Agency released a Commentary on Capital Requirements for Non-Bank Mortgage Companies. I may be missing something, but this just seems to be a love letter to the securitization industry. The Commentary opens, Federal and state regulators are … Continue reading
June 23, 2014 in Regulation | Permalink | No Comments
June 20, 2014
Rent Regulation and Housing Affordability
NYU’s Furman Center issued a fact brief, Profile of Rent-Stabilized Units and Tenants in New York City, that provides context for the deliberations of the Rent Guidelines Board as it considers a rent freeze for NYC apartments subject to rent … Continue reading
June 20, 2014 in Regulation | Permalink | No Comments
June 19, 2014
Investors Unite for High GSE-Fees
Investors Unite, a “coalition of private investors . . . committed to the preservation of shareholder rights for those invested in” Fannie Mae and Freddie Mac sent a letter to FHFA Director Watt pushing for higher guarantee fees (g-fees). The … Continue reading
June 19, 2014 in Regulation | Permalink | No Comments
June 13, 2014
S&P: Future of Private-Label RMBS Uncertain
S&P has posted an Executive Comment, Lifted By Improving Economic Conditions, The U.S. Leads The Global Securitization Rebound–But Headwinds Remain. It concludes, After surviving its first severe test, the market for securitization is slowly emerging from a sharp downturn, demonstrating … Continue reading
June 13, 2014 in Regulation | Permalink | No Comments
June 12, 2014
Promoting Affordable Housing, and the Winner Is . . .
I had blogged about a competition to generate ideas to lower the cost of affordable housing, the Minnesota Challenge to Lower the Cost of Affordable Housing. I was pretty excited about this challenge and was happy to see that a … Continue reading
June 12, 2014 in Regulation | Permalink | No Comments
June 10, 2014
Subprime Scriveners
Milan Markovic has posted Subprime Scriveners to SSRN. The abstract reads, Although mortgage-backed securities (“MBS”) and other financial products that nearly caused the collapse of the global financial system could not have been issued without attorneys, the legal profession’s role … Continue reading
June 10, 2014 in Regulation | Permalink | No Comments
June 9, 2014
G-Fee Entreaty
The FHFA has issued a Request for Input about Fannie Mae and Freddie Mac Guarantee Fees. The Request both provides a good explanation of g-fees and poses important questions about their appropriate role in the functioning of the housing finance … Continue reading
June 9, 2014 in Regulation | Permalink | No Comments
