September 11, 2013
Reiss on the Future of Fannie and Freddie
I will be speaking at NYU Law next week on The Future of Fannie and Freddie Friday, September 20, 2013 9:00 am – 5:00pm Reception to follow Greenberg Lounge, NYU School of Law 40 Washington Square South New York, NY … Continue reading
September 11, 2013 in Regulation | Permalink | No Comments
September 6, 2013
Benefit Ratios for Qualified Residential Mortgages
As I had noted previously, the long awaited Proposed Rule that addresses the definition of Qualified Residential Mortgages has finally been released, with comments due by October 30th. The Proposed Rule’s preferred definition of a QRM is the same as … Continue reading
September 6, 2013 in Regulation | Permalink | No Comments
September 5, 2013
Reiss on the FHA and Low Downpayment Mortgages
I will be speaking at the Cleveland Fed’s 2013 Policy Summit on Housing, Human Capital, and Inequality on Thursday, September 19 from 2:40PM-4:10PM. My panel is on Affordable Housing, Mortgage Underwriting, and Default: The Case of the FHA In the … Continue reading
September 5, 2013 in Regulation | Permalink | No Comments
September 4, 2013
Leverage and the Foreclosure Crisis
Dean Corbae and Erwan Quintin have posted Leverage and the Foreclosure Crisis to SSRN (behind a paywall; available here for free). They ask how “much of the recent rise in foreclosures can be explained by the large number of high-leverage … Continue reading
September 4, 2013 in Regulation | Permalink | No Comments
September 3, 2013
Fannie and Freddie’s Unreported Billions of Losses
The Federal Housing Finance Agency’s Inspector General has warned FHFA Acting Director DeMarco that the FHFA has allowed Fannie and Freddie to defer acknowledgment of billions of dollars of losses relating to seriously delinquent singe-family residential mortgage loans for far … Continue reading
September 3, 2013 in Regulation | Permalink | No Comments
August 30, 2013
If QRM = QM, then FICO+CLTV > DTI ?@#?!?
The long awaited Proposed Rule that addresses the definition of Qualified Residential Mortgages has finally been released, with comments due by October 30th. The Proposed Rule’s preferred definition of a QRM is the same as a Qualified Mortgage. There is … Continue reading
August 30, 2013 in Regulation | Permalink | No Comments
August 28, 2013
Rebuilding After Sandy
My Property Law Colloquium this semester will address topics relating to climate change, resiliency and sustainability with a particular focus on how those issues affect post-Sandy New York City. I co-teach this class (which is also open to graduate students … Continue reading
August 28, 2013 in Regulation | Permalink | No Comments
