August 5, 2013
Not That I’m Complaining, But
Ian Ayres, Jeff Lingwall and Sonia Steinway have posted Skeletons in the Database: An Early Analysis of the CFPB’s Consumer Complaints on SSRN. It is interesting both for the details it documents, but also for what it represents. Details first: … Continue reading
August 5, 2013 in Regulation | Permalink | No Comments
July 31, 2013
Financial Literacy Literacy
Personally, I was disappointed by the CFPB’s Financial Literacy Annual Report. It seems to me that the Bureau’s Division of Consumer Education and Engagement is thinking too small in setting forth its research agenda. For its financial education evaluation project, … Continue reading
July 31, 2013 in Regulation | Permalink | No Comments
July 30, 2013
Cuomo and Lawsky: Mind The Gap Authority
Law360 quoted me in a story, NY’s Powerful Financial Regulators Poised To Extend Reach (full story behind a paywall). The story reads in part, New York’s proposed tougher standards for debt collectors marked state regulators’ first use of their unusual … Continue reading
July 30, 2013 in Regulation | Permalink | No Comments
July 16, 2013
Mortgage Bankers Ask Permission to Hijack GSE Reform
The Mortgage Bankers Association issued a concept paper that calls for a board of mortgage industry representatives to “have the authority to direct the scope and immediate priorities of the [Central Securitization] Platform’s development, and the capability to redirect resources … Continue reading
July 16, 2013 in Regulation | Permalink | No Comments
July 11, 2013
FHA Whitewash, Redux
Richard Brooks and Carol Rose have recently published their book Saving the Neighborhood: Racially Restrictive Covenants, Law, and Social Norms. This well-written book brings to mind my recent post on the FHA Whitewash which reviewed a recent paper by HUD-affiliated … Continue reading
July 11, 2013 in Regulation | Permalink | No Comments
July 9, 2013
Thrilla in Vanilla: Freddie v. Jumbo
Kroll BondRatings issued an RMBS Commentary, Mortgage Credit Trends: Freddie Mac vs. Prime Jumbo. This commentary is important because it offers some help in evaluating the proposed “risk sharing” securitizations that Fannie and Freddie are considering. It is also important … Continue reading
July 9, 2013 in Regulation | Permalink | No Comments
July 8, 2013
State of the Nation’s Housing 2013: Build It and They Will Come
The Joint Center for Housing Studies of Harvard University released The State of the Nation’s Housing 2013. As always there is much of interest in this annual report. I was particularly intrigued by Figure 21 on page 20, “The Government … Continue reading
July 8, 2013 in Regulation | Permalink | No Comments
