March 15, 2013
Unhampered and HAMPered Mortgage Modifications
The National Consumer Law Center has issued a thorough report, At a Crossroads: Lessons from the Home Affordable Modification Program (HAMP), which also provides some guidance for the way forward after we get past the foreclosure crisis. The authors summarize … Continue reading
March 15, 2013 in Regulation | Permalink | No Comments
March 8, 2013
Wrapping up America’s Housing Future
This is my last post (see here and here for the first two) on the Bipartisan Policy Center’s Housing America’s Future report. I have one last thought to share — a radical one at that. The report takes for granted … Continue reading
March 8, 2013 in Regulation | Permalink | No Comments
March 7, 2013
Should CFPB Be a Nudge?
Cass Sunstein, until recently the Administrator of the White House Office of Information and Regulatory Affairs, has posted an early draft of Nudges.gov: Behavioral Economics and Regulation. While it touches on real estate finance only indirectly, it provides a nice … Continue reading
March 7, 2013 in Regulation | Permalink | No Comments
March 6, 2013
The Financial (Mis)Education of Lauren Willis
Lauren Willis has posted Financial Education: Lessons Not Learned and Lessons Learned. This is a sobering, even depressing, overview of what we know about the efficacy of financial education. This is an extremely important topic because the CFPB has identified … Continue reading
March 6, 2013 in Regulation | Permalink | No Comments
March 5, 2013
Reiss on Fannie and Freddie Multifamily Contraction
GlobeSt.com interviewed me (and others) about Federal Housing Finance Agency Acting Director Edward J. DeMarco plans to reduce Fannie and Freddie’s multifamily finance volume by 10% from last year’s levels: Also consider this, says David Reiss, a professor of Law … Continue reading
March 5, 2013 in Regulation | Permalink | No Comments
February 28, 2013
More on Housing America’s Future
I blogged about some of the big themes in the Bipartisan Policy Center’s Housing America’s Future report. Today, I take a closer look at their position on housing finance in particular: The report states that “it is highly unlikely that … Continue reading
February 28, 2013 in Regulation | Permalink | No Comments
February 26, 2013
New Direction for Federal Housing Policy? Finally!
The Bipartisan Policy Center has released Housing America’s Future: New Directions for National Policy. The Wall Street Journal reported (behind a paywall) that the report represents a “behind-the-scenes effort to jumpt-start the debate over Fannie’s and Freddie’s future . . … Continue reading
February 26, 2013 in Regulation | Permalink | No Comments
