June 26, 2013
FHFA: Critical Concerns Remain, Future Uncertain
The FHFA issued its 2012 Report to Congress which provides a report of the annual examinations of Fannie, Freddie and the FHLBs. The report documents critical concerns about Fannie and Freddie, none of which are particularly newsworthy at this late … Continue reading
June 26, 2013 in Regulation | Permalink | No Comments
June 18, 2013
CFPB Complaints Vary by State, Unsurprisingly
The Baltimore Sun quoted me today in Marylanders Aren’t Shy About Complaining: New Federal Consumer Agency Finds State Residents Quick to Gripe About Mortgages, Credit Cards, Banks. The story opens, Marylanders are big complainers. At least when it comes to … Continue reading
June 18, 2013 in Regulation | Permalink | No Comments
June 14, 2013
These Are A Few of My Favorite Things
Along with raindrops on roses and whiskers on kittens, reforming Government-Sponsored Enterprises and rationalizing rating agency regulation are two of my favorite things. The Federal Housing Finance Agency noticed a proposed rulemaking to remove some of the references to credit … Continue reading
June 14, 2013 in Regulation | Permalink | No Comments
June 10, 2013
FHA Whitewash
While preparing for my talk tomorrow on The FHA and Housing Affordability, I was reviewing some of the recent literature on the FHA. I came across a recent HUD working paper with some interesting data about recent FHA crises but … Continue reading
June 10, 2013 in Regulation | Permalink | No Comments
June 4, 2013
Effect of Qualified Mortgages on Credit Availability: Little to None
The Congressional Research Service has issued a somewhat opaque report, The Ability-to-Repay Rule: Possible Effects of the Qualified Mortgage Definition on Credit Availability and Other Selected Issues, that summarizes the Ability-to-Repay Rule. More importantly, it offers a bit of an … Continue reading
June 4, 2013 in Regulation | Permalink | No Comments
May 29, 2013
Risky Business Model for Homeowners?
The Mortgage Bankers Association issued a report, Up-Front Risk Sharing: Ensuring Private Capital Delivers for Consumers, intended to increase the role of the private sector in the portion of the mortgage market currently dominated by Fannie Mae and Freddie Mac. … Continue reading
May 29, 2013 in Regulation | Permalink | No Comments
May 28, 2013
Reiss on Housing Affordability
I will be speaking on the FHA and Housing Affordability on June 11th at the AALS Workshop on Poverty, Immigration and Property will be held June 10-12 in San Diego. The workshop brings together three communities of scholars: poverty, immigration … Continue reading
May 28, 2013 in Regulation | Permalink | No Comments
