December 17, 2013
Reiss on Myths of the Fed
Bankrate.com quoted me in a story, 5 Myths Debunked About The Federal Reserve. it reads in part, Assassination, foreign control and money printing: the stuff of a motion picture thriller? Not in this case. They’re all the fodder for wild … Continue reading
December 17, 2013 in Regulation | Permalink | No Comments
December 13, 2013
Non-QM Mortgages Risks and Best Practices
Moody’s issued a report, Non-QM US RMBS Face Higher Risk of Losses Than QM, but Impact on Transactions Will Vary, that discusses the risk that what drug plan provides cozaar US RMBS backed by non-qualified mortgages (those that do not … Continue reading
December 13, 2013 in Regulation | Permalink | No Comments
December 12, 2013
Reiss on New Mortgage Rules
The Redding Record Searchlight interviewed me in Experts Worry New Loan Standards, Lending Limits Could Hurt Housing Market. It reads in part, New mortgage qualification rules and lower FHA lending limits that take effect next year threaten to slow the … Continue reading
December 12, 2013 in Regulation | Permalink | No Comments
December 10, 2013
Imposing Order on Recording Chaos
Dale Whitman has posted A Proposal for a National Mortgage Registry: MERS Done Right. This is great timing because he will be touching on some of the issues raised in this article in tomorrow’s webinar. His proposal for a national … Continue reading
December 10, 2013 in Regulation | Permalink | No Comments
December 5, 2013
GSEs Are Giants of Multifamily Sector Too
In discussions about the future of Fannie and Freddie, we tend to emphasize their outsized role in the single-family sector. We often forget that they have an even bigger footprint in multifamily. A recent Kroll BondRatings report, FHFA Slowdown May … Continue reading
December 5, 2013 in Regulation | Permalink | No Comments
December 2, 2013
Happy New Year for Mortgages?
S&P has posted How Will Mortgage Loan Originators, Borrowers, And RMBS Securitization Trusts Fare Under The New Ability-To-Repay Rules? This research report finds that The ATR [Ability to Repay] and QM [Qualified Mortgages] standards under TILA [the Truth in Lending … Continue reading
December 2, 2013 in Regulation | Permalink | No Comments
November 29, 2013
Dirty REMICs: A Debate
Brad, Joshua Stein and I have posted Dirt Lawyers and Dirty REMICs: A Debate to SSRN (also on BePress). Brad and I had posted our side of the debate at various points, but the entire back and forth is contained … Continue reading
November 29, 2013 in Regulation | Permalink | No Comments
