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
October 7, 2013
Post-Bubble Foreclosure-Prevention and -Mitigation Options in Your Town?
Bob Hockett has posted Post-Bubble Foreclosure-Prevention and -Mitigation Options in Seattle. I recommend it to those interested in issues beyond Seattle’s borders because it actually covers foreclosure-prevention and mitigation options across the country, although it looks at them with a … Continue reading
October 7, 2013 in Regulation | Permalink | No Comments
October 2, 2013
Lifting a Shadow from Qualified Residential Mortgages
The self-named Shadow Financial Regulatory Committee of the American Enterprise Institute has issued a statement on The New Qualified Residential Mortgage Rule Proposal. The Shadow Committee argues that agencies promulgating the newest version of the QRM rule completely abandoned the … Continue reading
October 2, 2013 in Regulation | Permalink | No Comments
October 1, 2013
Financial Education: Miles to Go Before We Can Sleep Easily
The CFPB has posted Financial Empowerment Training for Social Service Programs: A Scan of Community-Based Initiatives. The report opens well, with Gail Hillebrand, the Associate Director for Consumer Education and Engagement, noting that Consumers need four things to be financially … Continue reading
October 1, 2013 in Regulation | Permalink | No Comments
September 27, 2013
CFPB Tool Puts HMDA Data on Web
The Consumer Financial Protection Bureau has posted an online tool to make Home Mortgage Disclosure Act (HMDA) data available to consumers in an easy to use format. The Bureau notes that in 2012 there were approximately 18.7million HMDA records from … Continue reading
September 27, 2013 in Regulation | Permalink | No Comments
