November 7, 2013
Affordable Housing in the De Blasio Era
Mayoral candidate de Blasio’s position on affordable housing policy can be found here. The key points include: Require developers to build some affordable housing when they build in neighborhoods that have been upzoned (mandatory inclusionary zoning) Direct $1 billion in … Continue reading
November 7, 2013 in Regulation | Permalink | No Comments
November 6, 2013
Reiss on Mayor De Blasio’s Plans for Mandatory Inclusionary Zoning
Law360.com interviewed me about Mayor-Elect de Blasio’s plans for mandatory inclusionary zoning in NYC Real Estate Faces Less Friendly Market Under De Blasio (behind a paywall). It reads in part: One of the biggest and most controversial pieces of de … Continue reading
November 6, 2013 in Regulation | Permalink | No Comments
November 5, 2013
FHA’s Net Cost of $15 Billion
The Congressional Budget Office posted FHA’s Single-Family Mortgage Guarantee Program: Budgetary Cost or Savings? In response to the question, “Has FHA’s Guarantee Program for Single-Family Mortgages Produced Net Savings to Taxpayers,” the CBO responds, No. Collectively, the single-family mortgage guarantees … Continue reading
November 5, 2013 in Regulation | Permalink | No Comments
November 4, 2013
Balancing Consumer Protection and Access to Credit
S&P posted U.S. RMBS Roundtable: Originators, Aggregators, and Counsel Discuss New Qualified Mortgage Rules. In summarizing the roundtable, S&P notes that The ability-to-repay rule, ostensibly to prevent defaults and another housing crisis, is still very much open to interpretation. To … Continue reading
November 4, 2013 in Regulation | Permalink | No Comments
November 1, 2013
Measuring Progress at the CFPB
The Bipartisan Policy Center issued a white paper, The Consumer Financial Protection Bureau: Measuring the Progress of a New Agency: This paper measures the agency’s actions against its mandate. It analyzes the start-up and operational challenges the Bureau has faced … Continue reading
November 1, 2013 in Regulation | Permalink | No Comments
October 31, 2013
Qualified Residential Mortgage Comments
The agencies responsible for the Qualified Residential Mortgage rules that address the issue of credit risk retention for mortgage-backed securities requested that comments on the proposed rulemaking be submitted by yesterday. And comments there were. Here is a sampling: The … Continue reading
October 31, 2013 in Regulation | Permalink | No Comments
October 30, 2013
Reiss (and Others) on Post-Bloomberg Brooklyn
The NY Daily News ran a story on a panel I moderated last night at Brooklyn Law School, The Fab Four! Brooklyn Heights Councilmen Since 1975 Share Stage and Talk About Past, Future, Bloomberg. The speakers gave their thoughts on … Continue reading
October 30, 2013 in Regulation | Permalink | No Comments
