- Foiled by the Banks? How a Lender’s Decision May Support or Undermine a Jurisdiction’s Environmental Policies that Promote Green Buildings, Darren A. Prum, Michigan Journal of Environmental & Administrative Law, 2015, Forthcoming.
- The Numerus Clausus Principle, Property Customs, and the Emergence of New Property Forms, Yun-chien Chang & Henry E. Smith, Iowa Law Review, Vol. 100, 2015.
- Building Self-Sufficiency for Housing Voucher Recipients: Interim Findings from the Work Rewards Demonstration in New York City, Stephen Nunez, Nandita Verma & Edith Yang, New York: MDRC, June 2015.
- Size Signals Success: Evidence from Real Estate Private Equity, Sebastian Krautz & Franz Fuerst, Journal of Portfolio Management, Vol. 41, No. 5, 2015.
- Debt, Poverty, and Personal ‘Financial Distress’, Stephen J. Ware, 89 American Bankruptcy Law Journal 493 (2015).
- Household Debt and Crises of Confidence, Thomas Hintermaier & Winfried Koeniger, CEPR Discussion Paper No. DP10865.
- Trend-Spotting in the Housing Market, Nikos Askitas, IZA Discussion Paper No. 9427.
- Large-Scale Buy-to-Rent Investors in the Single-Family Housing Market: The Emergence of a New Asset Class?, James Mills, Raven Molloy & Rebecca Zarutskie, FEDS Working Paper No. FEDGFE2015-84.
- How House Price Dynamics and Credit Constraints Affect the Equity Extraction of Senior Homeowners, Stephanie Moulton, Samuel Dodini, Donald R. Haurin & Maximilian D. Schmeiser, FEDS Working Paper No. FEDGFE2015-70.
- Real Estate Fund Openings and Cannibalization, David H. Downs, Steffen P. Sebastian & Rene-Ojas Woltering.
Tag Archives: investors
Monday’s Adjudication Roundup
- TCW Asset Management Co. will continue to face $128 million suit from investors for allegedly lying about the value of mortgage-backed securities.
- A court found that the City of Saratoga Springs failed to timely appeal in case over incorporation of affordable housing.
- The Second Circuit affirmed decision that found that an insurer did not need to pay out $15 million to Nomura for misleading descriptions of residential mortgage-backed securities.
- National Union Fire Insurance Co. filed a brief in case over ski resorts, claiming that claims notes are privileged “because they contain legal advice from outside counsel.”
Monday’s Adjudication Roundup
- The U.S. Securities and Exchange Commission were granted its request to freeze Luca International Group LLC’s CEO’s assets. He allegedly engaged in a “Ponzi-like” scheme with EB-5 investors.
- New York appeals court revived claims against Nomura Holdings Inc. brought by investors finding that HSBC can seek damages for misrepresentation in mortgage-backed securities transactions, which ended up being defective loans.
- In case brought by U.S. Bank against Credit Suisse, a New York judge refused dismissal for failing to buy back bad loans worth $1 billion, finding that the servicing agreement with U.S. Bank required it to do so.
- The Internal Revenue Service approved Bank of America’s $8.5 billion settlement for mortgage-backed securities purchased from Countrywide.
- JPMorgan and MassMutual have settled in case where JPMorgan had allegedly cause MassMutual to lose $2.3 billion in mortgage-backed securities.
Wednesday’s Academic Roundup
- Pricing Residential Real Estate Derivatives, Mark Michael Richter.
- Local House Prices and Mental Health, Nayan Krishna Joshi, International Journal of Health Care Finance and Economics, 2015.
- Why Did So Many Subprime Borrowers Default During the Crisis: Loose Credit or Plummeting Prices?, Christopher Palmer.
- Large-Scale Buy-to-Rent Investors in the Single-Family Housing Market: The Emergence of a New Asset Class?, James Mills, Raven Molloy & Rebecca Zarutskie, FEDS Working Paper No. 2015-084.
- Measuring Total Mortgage Market Credit Risk, Douglas A. McManus.
- What Affects Children’s Outcomes: House Characteristics or Homeownership?, Steven C. Bourassa, Donald R. Haurin & Martin Hoesli, Swiss Finance Institute Research Paper No. 15-42.
- Housing Booms and Busts, Labor Market Opportunities, and College Attendance, Kerwin Kofi Charles, Erik Hurst & Matthew Notowidigdo, NBER Working Paper No. w21587 (Paid Access).
Wednesday’s Academic Roundup
- Antimonopoly in Public Land Law, Michael C. Blumm & Kara Tebeau.
- Public Real Estate and the Term Structure of Interest Rates: A Cross-Country Study, Alexey Akimov, Simon Stevenson & Maxim Zagonov, Journal of Real Estate Finance and Economics, Vol. 51, No. 4, 2015.
- Mortgage Refinancing, Consumer Spending, and Competition: Evidence from the Home Affordable Refinancing Program, Sumit Agarwal, Gene Amromin, Souphala Chomsisengphet, Tomasz Piskorski, Amit Seru & Vincent W. Yao.
- Is the Real Estate Sector More Responsive to Economy-Wide or Housing Market Conditions? An Exploratory Analysis, Laurie Bates, Carmelo Giaccotto & Rexford E. Santerre, Journal of Real Estate Finance and Economics, Vol. 51, No. 4, 2015.
- The Price Behavior of REITs Surrounding Extreme Market-Related Events, John L. Glascock & Ran Lu-Andrews, Journal of Real Estate Finance and Economics, Vol. 51, No. 4, 2015.
- Online Information Search, Market Fundamentals and Apartment Real Estate, Prashant Das, Alan J. Ziobrowski & N. Edward Coulson, Journal of Real Estate Finance and Economics, Vol. 51, No. 4, 2015.
- Improving Risk Sharing and Borrower Incentives in Mortgage Design, Yuchen Mei, Phelim P. Boyle & Johnny Siu-Hang Li.
- Servicing Securitisation Through Inefficient Foreclosure, John Chi-Fong Kuong & Jing Zeng.
- How Much Do Investors Pay for Houses?, Phillip Bracke, Bank of England Working Paper No. 549.
Monday’s Adjudication Roundup
- Building investors sue Waterbridge Capital LLC for $10 million for allegedly selling units and pocketing profits, refusing to pay back its investors.
- Hurricane Sandy $25 million contract-insurance suit is dismissed against one of the defendants, Arch Insurance Group and its subsidiary, because the underlying policy limits hadn’t been reached and thus Arch did not have any liability.
- In $189 million mortgage fraud suit, the federal government claims that Wells Fargo cannot access documents it withheld because “the release of some documents doesn’t waive protects for all of them.”
- The Federal Deposit Insurance Corp. sues US Bank and Citigroup, Inc. for allegedly failing as trustee of residential mortgage-backed securities leading to a $695 million loss to the insurance fund.
Monday’s Adjudication Roundup
- Plaintiffs in class action suit against JPMorgan Chase & Co., who were fraudulently charged unnecessary home inspection fees, argue that the bank cannot avoid class certification because Chase admitted that “determining whether an inspection was reasonable requires an assessment of the borrower’s and property’s individual circumstances.” The plaintiffs claim “Chase cannot turn back time and do now what it was required to do then.”
- Deutsche Bank AG and Massachusetts Mutual Life Insurance Co. settle in suit accusing Deutsche Bank of misleading investors over approximately $125 million in residential mortgage-backed securities by failing to determine the accuracy of the statements in its offering documents.