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
January 30, 2014
Reforming NYC’s Property Tax Regime
Andrew Hayashi has posted Property Taxes and Their Limits: Evidence from New York City to SSRN. There probably could not be a more obscure and dull topic than this to the general reader (and coming from me, as the author … Continue reading
January 30, 2014 in Regulation | Permalink | No Comments
January 28, 2014
Reforming the Fed
Peter Conti-Brown and Simon Johnson posted their policy brief, Governing the Federal Reserve System after the Dodd-Frank Act, on SSRN (also on the Peterson Institute for International Economics website). I have said before that the Fed is a “riddle, wrapped … Continue reading
January 28, 2014 in Regulation | Permalink | No Comments
