August 26, 2013
Don’t Abandon Hope
According to Dante, Hell’s entrance has a sign that reads, “Abandon all hope, ye who enter here.” As communities face the foreclosure crisis and see their population shrink, they need to come up with a plan to deal with this … Continue reading
August 26, 2013 in Regulation | Permalink | No Comments
August 23, 2013
Reiss on Mortgage Scams
I was quoted in a story on HSH.com, 4 Ways to Prevent Mortgage-Relief Scams, that reads Millions of American homeowners are still underwater, attempting either a refinance or a loan modification to help make their mortgages more affordable and their … Continue reading
August 23, 2013 in Regulation | Permalink | No Comments
August 22, 2013
Sloppy Servicers
I have blogged about the Alice In Wonderland-like and Dickensian situations faced by defaulting homeowners, but now the CFPB has offered a broader look at the problems that borrowers confront when facing foreclosure. The CFPB’s Supervisory Highlights Summer 2013 profiles … Continue reading
August 22, 2013 in Regulation | Permalink | No Comments
August 21, 2013
The Future of Affordable Housing in NYC
Yesterday, NYU’s Furman Center started a great series, #NYChousing: 10 Issues for NYC’s Next Mayor: Over each of the next 10 days, #NYChousing will release an issue brief that presents a housing policy question that will confront the next mayor … Continue reading
August 21, 2013 in Regulation | Permalink | No Comments
August 16, 2013
New Mortgage Rule Said to be Proposed at End of August
U.S. regulators will propose a new version of a rule requiring lenders to keep a stake in risky mortgages that they securitize in the last week of August. Currently, the draft regulation numbers 500 pages and will be written by … Continue reading
August 16, 2013 in Regulation | Permalink | No Comments
August 12, 2013
Replacing Rating Agencies
Although rating agencies have been the subject of much criticism, including much from yours truly, (here for instance) there is no clearly superior replacement for the existing business model. Even worse, there is not even much theoretical work on alternatives. … Continue reading
August 12, 2013 in Regulation | Permalink | No Comments
August 9, 2013
Fannie, Freddie & Affordable Housing
I was quoted in a Law360.com story, Affordable Housing May Trip Up Fannie, Freddie Fixes (behind a paywall). It reads in part, While the debate over housing finance reform in Washington has focused on the government’s role as market backstop, analysts say … Continue reading
August 9, 2013 in Regulation | Permalink | No Comments
