Harvey Rosenblum, Executive Vice President & Director of Research at the Federal Reserve Bank of Dallas, visited BU Law School this week. Dr. Rosenblum delivered a lecture on 21st Century Financial Crises along with a few comments about his recent WSJ piece on shrinking the too-big-to-fail banks, co-authored with Dallas Fed President Richard Fisher. As financial […]
The RBFL has earned the top ranking among banking and financial law journals. Washington and Lee University Law School compiles annual journal rankings based on impact and the number of citations. A full report is available on the BU Law website.
In October of 2012, the United States Justice Department announced that it would pursue litigation against Bank of America for allegedly “selling thousands of toxic mortgage loans to Fannie Mae and Freddie Mac.”[1] Also in late October of 2012, the Associated Press reported that the Consumer Financial Protection Bureau (CFPB) will begin supervising debt collectors […]
On October 23, Facebook Inc. enjoyed its biggest single-day stock gain since its initial public offering.[1] The Wall Street Journal noted this surge came one day after Facebook announced strong revenue and promising progress from mobile ads.[2] Facebook stock reached an intraday high of $24.25 and closed at $23.23. On October 22, Facebook stock languished […]
The financial crisis is far from over. Evidence of monetary policy response and regulatory reform abounds, including QE3, ongoing Dodd-Frank rulemaking, and daily developments at the ECB and the EFSF. But for anyone shifting to a historical perspective of the crisis and culling through recent financial history, the following timelines of the crisis provide an excellent starting point: the […]
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 […]
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 […]