Articles

06.22.17

House Passes Dodd-Frank “Repeal”

By Ellen R. Marshall, Partner, Financial ServicesIn a vote along party lines, the House of Representatives passed the Financial CHOICE Act of 2017, which would eliminate or scale back many of the provisions found in the Dodd-Frank Wall Street Reform and Consumer Protection Act.What ...


03.11.14

CFPB's HMDA Data Changes Could Increase Litigation

Seeking to "gain greater insight into issues about access to credit," the Consumer Financial Protection Bureau (CFPB) announced the launch of a rulemaking process to change reporting requirements under the Home Mortgage Disclosure Act (HMDA). The new reporting requirements could have ...


04.08.13

Commentary: A Vision for the Future of Fannie and Freddie

In a little-noticed report issued in February, the Bipartisan Policy Center's Housing Commission recently painted an interesting picture of the future role of the federal government in housing finance. Titled Housing Future: New Directions for National Policy, the paper takes a view that is both ...


11.09.12

How Proposed Basel III Rules Could Impact MSRs

The value of mortgage servicing rights (MSRs) may be changing and the market for acquiring MSRs may be heating up. This market phenomenon is the result of the proposed Basel III capital rules applicable to banks.For non-banks, the Basel III rules may seem irrelevant, but that could be a mistake. ...


04.23.12

Incentive-Based Compensation: FDIC Proposal Will Lock Up Payouts

With considerable fanfare, the FDIC passed and then quickly announced its proposed rules implementing Section 936 of the Dodd-Frank legislation – even before the other regulatory agencies could put their own imprimatur on the jointly developed proposal.The proposal takes some interesting ...


04.20.12

CMBS 2.0: Still in Need of Work

Since their arrival in the 1980s, commercial mortgage-backed securities (CMBS) have held great promise for commercial real estate borrowers. They greatly increased capital flows into commercial real estate and offered lower-cost loans in exchange for cumbersome loan documentation and less ...