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
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
