- Massachusetts Mutual Life Insurance Co. settled with a Barclays unit for claims that the lender lied about the quality of $175 million in residential mortgage-backed securities.
- A New York court dismissed case against Deutsche Bank AG for $330 million in losses from toxic residential mortgage-backed securities, finding that HSBC as trustee lacked standing to bring suit.
- The S. government urged the court to allow the False Claims Act suit against Quicken Loans for falsely certifying Federal Housing Administration loans.
- The New York appeals court found that Deutsche Bank is free from $30 million suit for collateralized debt obligation backed by toxic assets.
Author Archives: Shea Cunningham
Friday’s Government Reports Roundup
- HUD’s Office of Policy Development & Research released A Qualitative Assessment of Parental Preschool Choices and Challenges Among Families Experiencing Homelessness.
- The Center on Budget and Policy Priorities released a report finding that the 2017 House Budget would cut $150 billion from SNAP benefits.
Thursday’s Advocacy & Think Tank Roundup
- The National Low Income Housing Coalition released The Gap: The Affordable Housing Gap Analysis 2016, finding that there is a 7.2 million shortage of affordable rental units.
Wednesday’s Academic Roundup
- Borrowing Constraints and Homeownership Over the Recent Cycle, Arthur Acolin, Jesse Bricker, Paul S. Calem & Susan M. Wachter.
- Momentum Strategies and Investor Sentiment in the REIT Market, Ying Hao, Hsiang-Hui Chu, Kuan-Cheng Ko & Lin Lin, International Review of Finance, Vol. 16, Issue 1, pp. 41-71, 2016 (Paid Access).
- Exchange Efficiency with Weak Ownership Rights, Oren Bar-Gill & Nicola Persico, American Economic Journal: Microeconomics, Forthcoming; John M. Olin Center for Law, Economics, and Business, Discussion Paper No. 858.
- Emergency Takings, Brian A. Lee, Michigan Law Review, Vol. 114, p. 391, 2015; Brooklyn Law School, Legal Studies Paper No. 447.
- Drone Zoning, Troy A. Rule, 96 North Carolina Law Review, 2016 (Forthcoming).
- The Puzzle of Job Search and Housing Tenure: A Reconciliation of Theory and Empirical Evidence, Andrea Morescalchi, Journal of Regional Science, Vol. 56, Issue 2, pp. 288-312, 2016 (Paid Access).
Tuesday’s Regulatory & Legislative Roundup
- The Consumer Financial Protection Bureau has implemented a new rule that effectively implements the Helping Expand Lending Practices in Rural Communities (HELP) Act.
- The House of Representatives passed the Foreclosure Relief and Extension for Servicemembers Act of 2015 (S. 2393), which provides financial protections, for instance in foreclosure, for those who incurred debt prior to active service.
Monday’s Adjudication Roundup
- The S. Supreme Court comes out 4-4 on discrimination claims in spousal guarantor suit following the death of Justice Antonin Scalia, affirming the lower court decision.
- The NJ Tax Court held that when valuing a piece of land, environmental contamination caused by a chemical manufacturing facility should be considered.
- American Capital Ltd., a private equity firm, attempts to nix suit by Mission Peak Capital affiliate alleging that it reneged on a $52 million sale of commercial mortgage-backed securities.
- The Securities & Exchange Commission filed suit against two brothers and their real estate investment firm for allegedly taking $2.7 million from investors in a Ponzi scheme.
Friday’s Government Reports Roundup
- The S. Commerce Department reported a 5.2 percent increase in housing starts in February 2016, a 7.2 percent increase from January in single-family homes.
