February 11, 2014
Gimme (Mortgage) Data
The CFPB announced that it is seeking feedback on potential changes to mortgage information reported under the Home Mortgage Disclosure Act (HMDA). Data collection seems like a pretty obscure issue, but some Republicans and financial industry interests have been attacking … Continue reading
February 11, 2014 in Regulation | Permalink | No Comments
February 10, 2014
Reiss on Mortgage Documentation
HSH.com quoted me in The Documents You Need to Apply for a Mortgage. It reads in part, When it comes time to apply for a mortgage in 2014, you might be surprised at how much documentation you’ll need when applying … Continue reading
February 10, 2014 in Regulation | Permalink | No Comments
February 7, 2014
The Road to Securitization
Miguel Segoviano et al. of the IMF released a helpful Working Paper, Securitization: Lessons Learned and the Road Ahead (also on SSRN). It opens, Like most forms of financial innovation, there are cost and benefits associated with the securitization of … Continue reading
February 7, 2014 in Regulation | Permalink | No Comments
February 6, 2014
CFPB Highlights: Leviathan Heeled
The CFPB issued its Winter 2013 Supervisory Highlights. Here are some mortgage highlights from the Highlights: CFPB examiners found that two servicers had engaged in unfair practices in connection with servicing transfers. Specifically, these servicers failed to honor existing permanent … Continue reading
February 6, 2014 in Regulation | Permalink | No Comments
February 4, 2014
A Challenge To Lower the Cost of Affordable Housing
Minnesota Housing, the McKnight Foundation, the Urban Land Institute of Minnesota (ULI-MN), the Regional Council of Mayors (RCM) and Enterprise Community Partners have thrown down the gauntlet with the MN Challenge to Lower the Cost of Affordable Housing. The challenge … Continue reading
February 4, 2014 in Regulation | Permalink | No Comments
February 3, 2014
Foreclosure Prevention: The Real McCoy
Patricia McCoy has posted Barriers to Foreclosure Prevention During the Financial Crisis (also on SSRN). In the early 2000s, Pat was one of the first legal scholars to identify predatory behaviors in the secondary mortgage market. These behaviors resulted in … Continue reading
February 3, 2014 in Regulation | Permalink | No Comments
January 31, 2014
The Future of Fair Housing
I attended an interesting discussion of the Mount Holly fair housing case today. The question presented in the case was: “Are disparate impact claims cognizable under the Fair Housing Act?” The case was settled before the Supreme Court had an … Continue reading
January 31, 2014 in Regulation | Permalink | No Comments
