January 27, 2014
New and Improved Rating Agencies!
The SEC issued its 2013 Summary Report of Commission Staff’s Examinations of Each Nationally Recognized Statistical Rating Organization. I had noted that the 2012 report was not an impressive document. Much the same can be said for the 2013 version of … Continue reading
January 27, 2014 in Regulation | Permalink | No Comments
January 24, 2014
Preserving Low-Income Housing
NYC Mayor De Blasio announced an aggressive goal of producing and preserving 200,000 units of affordable housing over the next ten years. New York City will need to be as creative as possible to achieve this goal and will need … Continue reading
January 24, 2014 in Regulation | Permalink | No Comments
January 21, 2014
Shiller on Primitive Housing Finance
Robert Shiller has posted Why Is Housing Finance Still Stuck in Such a Primitive Stage? The abstract for this brief discussion paper reads: The institutions for financing owner-occupied housing have not progressed as they should, and the financial innovation that … Continue reading
January 21, 2014 in Regulation | Permalink | No Comments
January 16, 2014
Mortgage REITs and Other Frights
The Office of Financial Research in the Department of the Treasury has released its 2013 Annual Report. It describes a number of things that should scare you as you put your head on your pillow at night and dream of … Continue reading
January 16, 2014 in Regulation | Permalink | No Comments
January 15, 2014
State of the Union’s Rental Housing
The Joint Center for Housing Studies of Harvard University released its report, America’s Rental Housing: Evolving Markets and Needs. The report notes that Rental housing has always provided a broad choice of homes for people at all phases of life. … Continue reading
January 15, 2014 in Regulation | Permalink | No Comments
January 13, 2014
Social Security Numbers for Mortgages
McCormick and Calahan have posted Common Ground: The Need for a Universal Mortgage Loan Identifier, a Department of the Treasury Office Financial Research Working Paper (#0012). They argue that The U.S. mortgage finance system is a critical part of our … Continue reading
January 13, 2014 in Regulation | Permalink | No Comments
January 9, 2014
Weigh in on Mortgage Closing “Pain Points”
The Consumer Finance Protection Bureau has issued a Request for Information Regarding the Mortgage Closing Process. The CFPB wants information from the public about mortgage closing. Specifically, the Consumer Financial Protection Bureau (CFPB) seeks information on key consumer “pain points” … Continue reading
January 9, 2014 in Regulation | Permalink | No Comments
