October 22, 2013
Private Capital and the Mortgage Markets
The American Securitization Forum recently wrote to the Federal Housing Finance Agency to argue for at least a small reduction in the size of the loans that Fannie and Freddie can guaranty. While this makes sense to me, it is … Continue reading
October 22, 2013 in Regulation | Permalink | No Comments
October 21, 2013
Access to Sustainable Credit
Reid & Quercia have posted Risk, Access and the QRM Reproposal. This document is intended to influence the most recent proposed rulemaking for the Qualified Residential Mortgages (QRMs). The rulemaking process for the QRM has been controversial and the stakes … Continue reading
October 21, 2013 in Regulation | Permalink | No Comments
October 18, 2013
Making Sense of Finance Charges
The Consumer Financial Protection Bureau has a very helpful Finance Charge Chart (page 13) in its Truth In Lending Act examination procedure manual. The manual is “intended for use by CFPB examiners in examining the mortgage companies and other financial … Continue reading
October 18, 2013 in Regulation | Permalink | No Comments
October 15, 2013
Mortgage Reform Schooling on 30 Year Term
S&P has posted U.S. Mortgage Finance Reform Efforts and the Potential Credit Implications to school us on the current state of affairs in Congress. It provides a useful lesson on three major mortgage reform bills introduced in Congress this year. … Continue reading
October 15, 2013 in Regulation | Permalink | No Comments
October 14, 2013
A HELOC of a Securitization
S&P posted A Look At U.S. Second-Lien And HELOC Transactions Post-Crisis. In 2008, they announced that “would halt rating new U.S. RMBS closed-end second-lien transactions because loan performance had deteriorated significantly. [They] haven’t rated any U.S. RMBS second-lien (both second-lien … Continue reading
October 14, 2013 in Regulation | Permalink | No Comments
October 11, 2013
Fightin’ Words on Consumer Complaints
Deloitte has issued a report, CFPB’s Consumer Complaint Database: Analysis Reveals Valuable Insights, that provides valuable — but superficial insights — into the CFPB’s massive database of consumer complaints. Deloitte’s main insights are Troubled mortgages are behind the majority of … Continue reading
October 11, 2013 in Regulation | Permalink | No Comments
October 8, 2013
DATA! On US Housing Market Conditions
HUD has released a new online database on U.S. Housing Market Conditions. It can be searched by location and by report type. The website also includes some analysis of national, regional, state, metropolitan and local markets. The website includes some … Continue reading
October 8, 2013 in Regulation | Permalink | No Comments
