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
May 22, 2013
Reiss on Qualified Mortgage Rule
TheStreet.com quoted me in a story, New Mortgage Lending Rule Intended to Protect Borrowers May Hurt Self-Employed. It reads in part, “Lenders are incentivized to originate qualified mortgages, because doing so makes it easier to defend against borrower lawsuits,” says … Continue reading
May 22, 2013 in Regulation | Permalink | No Comments
May 21, 2013
Two (or Three) Cheers for DeMarco’s Swan Song
FHFA acting Director Edward Demarco gave a thoughtful speech, Housing Finance, Systemic Risk, and Returning Private Capital to the Mortgage Market, on the future of federal housing finance policy. Given that the Administration has nominated Mel Watt as his permanent replacement, … Continue reading
May 21, 2013 in Regulation | Permalink | No Comments
May 20, 2013
Financial Education on a Wing and Prayer?
The CFPB released its report, Feedback from the Financial Education Field, which summarizes responses to an Request for Information on Effective Financial Education. The CFPB is required by Dodd-Frank to establish an Office of Financial Education “to educate American consumers … Continue reading
May 20, 2013 in Regulation | Permalink | No Comments
May 16, 2013
Reiss on Threats to Housing
CBS News interviewed me (and gave a shout out to REFinblog.com) about The 5 Biggest Threats to the Housing Recovery. It reads in part: 3. The government’s role in the mortgage market will change The U.S. government currently backs about … Continue reading
May 16, 2013 in Regulation | Permalink | No Comments
