June 26, 2014
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
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
