The New Risks Facing Commercial Real Estate
WORD ON THE STREET: National banks and federally chartered thrifts hold over $700 billion in total commercial real estate (CRE) loans, which amount...
Shadow Banking After The Financial Crisis
WORD ON THE STREET: Ideally, a regulatory response to the shadow banking system would be grounded in a full understanding of the dynamics...
The CFPB Takes On The Mortgage Market
WORD ON THE STREET: I have now been at the Consumer Financial Protection Bureau (CFPB) for a year and a half. It has...
Measuring The Resiliency Of U.S. Communities
WORD ON THE STREET: The past few years have been an extraordinary period for all of us. We have endured a financial crisis...
The FDIC Tunes In To The SIFI Channel
WORD ON THE STREET: I would like to take the opportunity to discuss the orderly resolution of systemically important financial institutions (SIFIs). The...
Rethinking Federal Guarantees For Reverse Mortgages
WORD ON THE STREET: Beginning in 1995, the U.S. began extracting equity from its housing in ever-growing numbers. This effectively removed the equity...
Loosening Access To Mortgage Credit
WORD ON THE STREET: Some buyers who would like to purchase a home are unable to do so because they are unable to...
Housing Lessons From The Los Angeles Market
WORD ON THE STREET: I'm not sure when you last found yourself in a planetarium. At the start of my most recent visit,...
What The CFPB Is Really After
WORD ON THE STREET: The calamities of the last decade - even the crisis caused by the calamity in mortgages - do not...
The Financial Stability Oversight Council’s Role In The Recovery
WORD ON THE STREET: The financial crisis revealed that the risks facing our system can be correlated and crosscutting, and that they could...
The Challenges In Appraising Properties With Transmission Lines
WORD ON THE STREET: Appraisals of properties that have transmission lines are similar to other appraisal assignments, but they can be more complex....
A New Peaceable Kingdom: The Post-Crisis Central Bank
WORD ON THE STREET: In the wake of the financial crisis and the ensuing recession, many countries around the world responded with a...
What To Expect From The Independent Foreclosure Review
WORD ON THE STREET: We've been deeply involved in efforts to improve mortgage modification and loss mitigation efforts since well before the crisis...
Foreclosure Ground Zero: The Nevada Story
WORD ON THE STREET: In 2008, our organization, like many nonprofits, found itself trying to ramp up its staff to address the foreclosure...
Why I’m Fed Up With The Federal Reserve
WORD ON THE STREET: While the Federal Reserve has recently released an unprecedented amount of information on its activities, there is still much...
A Housing Lesson From Ohio
WORD ON THE STREET: The timing and causes of foreclosure, vacancy, and abandonment vary depending on the region of the country. In the...
The Housing Market And The Fed
WORD ON THE STREET: The Federal Reserve has a keen interest in the state of housing and has been actively engaged in analyzing...
HUD’s Donovan: What We’re Fighting For
WORD ON THE STREET: In his State of the Union address, President Obama talked about middle class folks who have done everything right,...
Now About That Economic Recovery…
WORD ON THE STREET: Why isn't our economy doing better? What's holding us back? The answer is that the bursting of the housing...
Obama: We Need To Expand Federal Housing Policy
WORD ON THE STREET: In my State of the Union, I laid out my blueprint for an economy that's built to last. That...