Category: Real Estate
ISSUE I – FALL 2016
Kuhu Parasrampuria, SEC’s New Money Market Rules, 36 REV. BANKING & FIN. L. 2 (2016).
Daniel Mello, Anti-Inversion Rules, the Pfizer-Allergan Merger, and the U.S. Chamber of Commerce’s Challenge, 36 REV. BANKING & FIN. L. 16 (2016).
Alyssa Marchetti, Stricter Anti-Money Laundering Rules for Financial Institutions, 36 REV. BANKING & FIN. L. 30 (2016).
Roseanna Loring, Brexit: Economic Impact, 36 REV. BANKING & FIN. L. 40 (2016).
Julia Merton, Payday Lending and Its Regulation, 36 REV. BANKING & FIN. L. 52 (2016).
Matthew Zolnierz, Dual-Listed IPOs, 36 REV. BANKING & FIN. L. 65 (2016).
Harold Primm, Regulating the Blockchain Revolution: A Financial Industry Transformation, 36 REV. BANKING & FIN. L. 75 (2016).
Erica Santos, Fannie Mae & Freddie Mac: Release from Conservatorship, 36 REV. BANKING & FIN. L. 92 (2016).
Danielle Simard, Developments in Internal Scrutiny of Data Security as Illustrated by Goldman Sachs’s Unauthorized Use of Confidential Supervisory Information, 36 REV. BANKING & FIN. L. 102 (2016).
Jennifer Villyard, New Department of Labor Final Fiduciary Rule’s Impact on the Securities Market, 36 REV. BANKING & FIN. L. 114 (2016).
Max Perricone, Circuit Split on the Interpretation of the Elements of Tipper/Tippee Liability in Insider Trading Cases, 36 REV. BANKING & FIN. L. 131 (2016).
Natalie Witter, Insider Trading and Newman Applied: Goldman Sachs, 36 REV. BANKING & FIN. L. 144 (2016).
Lauren Troeller, Bitcoin and Money Laundering, 36 REV. BANKING & FIN. L. 159 (2016).
Shaida Mirmazaheri, How FinTech Firms Provide a New Path to Regulatory Relief for Banks, 36 REV. BANKING & FIN. L. 175 (2016).
Jessica Park, CFTC Proposes Amendments to Registration Exemptions for Foreign Persons, 36 REV. BANKING & FIN. L. 195 (2016).
Vincent M. Di Lorenzo, Corporate Wrongdoing: Interactions of Legal Mandates and Corporate Culture, 36 REV. BANKING & FIN. L. 207 (2016).
Wulf A. Kaal, Private Fund Investor Due Diligence: Evidence from 1995 to 2015, 36 REV. BANKING & FIN. L. 257 (2016).
Dr. Xiaoling Ang & Thomas J. Kearney, Building the CFPB’s Arbitration Archive: A Commentary on Design, Implementation, and Privacy, 36 REV. BANKING & FIN. L. 315 (2016).
William Simpson, Note, Above Reproach: How the Consumer Financial Protection Bureau Escapes Constitutional Checks & Balances, 36 REV. BANKING & FIN. L. 343 (2016).
Mark Lipschultz, Note, Merging the Public and Private: The LIHTC Program and A Formula for More Affordable Housing, 36 REV. BANKING & FIN. L. 379 (2016).
The Wall Street Journal recently reported on the latest progress toward the securitization of single-family rental homes here. The WSJ has tracked this market development throughout the year, noting the birth of new investment firms and funds and explaining the investment strategy. The Federal Reserve’s January White Paper–covering current housing market data and a proposed government-supported Real-Estate-Owned to rental program–is a must read. The White Paper suggests that scale (gathering enough rental units) and financing (attracting loans from wary lenders) have dogged the rental securitization strategy, but the WSJ’s recent reports suggest that investors will quickly surmount those barriers.
It should come as no surprise that the market moves much faster than regulators, rating agencies, or commentators. A variety of firms now seek to capitalize on this new investment opportunity, with some giving nod to corporate social responsibility. This development should not be written off as Chapter Two of the mortgage-backed security bubble and bust. The academic and regulatory community should dig into the unique features of the single-family rental market and produce sound critique of this new securitization front.
The Massachusetts SJC is soliciting amicus briefs on a home refinancing case. On its website the Court indicates that the case arises from the plaintiff’s refinancing of a home mortgage and presents the question “whether securitizers and assignees of the borrowers’ note and mortgage loan can be held liable under the provisions of the Massachusetts Predatory Home Loan Practices Act, G. L. c. 183C, and the Massachusetts Borrower’s Interest Act.”
Briefs are generally due in late November. Visit the SJC site for additional details.