REFinBlog

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 →

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 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 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 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 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 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 →