National Mortgage Servicing Standards: Legislation in the 112th Congress

National Mortgage Servicing Standards: Legislation in the 112th Congress

Date: August 29, 2012
Creator: Hoskins, Sean M.
Description: This report analyzes the potential misaligned incentives in the servicer-mortgage holder relationship and the servicing standards that attempt to address each concern, the servicer-borrower relationship and the relevant servicing provisions, as well as the possible implications of reforming the servicing industry.
Contributing Partner: UNT Libraries Government Documents Department
"Robo-Signing" and Other Alleged Documentation Problems in Judicial and Nonjudicial Foreclosure Processes

"Robo-Signing" and Other Alleged Documentation Problems in Judicial and Nonjudicial Foreclosure Processes

Date: November 15, 2010
Creator: Carpenter, David H.
Description: Recent depositions involving major servicers, including GMAC Mortgage, J.P. Morgan Chase, and Wells Fargo, have raised concerns about "robo-signing" -- the practice of having a small number of individuals sign a large number of affidavits and other legal documents submitted to courts and other public authorities by mortgage companies to execute foreclosure. This report explores concerns related to these issues by explaining the mortgage market process, procedural problems that have surfaced during foreclosure proceedings, and other relevant information.
Contributing Partner: UNT Libraries Government Documents Department
The Cost of Government Financial Interventions, Past and Present

The Cost of Government Financial Interventions, Past and Present

Date: September 23, 2008
Creator: Webel, Baird; Weiss, N. Eric & Labonte, Marc
Description: In response to ongoing financial turmoil that began in the subprime mortgage-backed securities market, the federal government has intervened with private corporations on a large scale and in an ad hoc manner three times from the beginning of 2008 through September 19, 2008. These interventions have prompted questions regarding the taxpayer costs and the sources of funding. The federal government may or may not end up seeing a positive fiscal contribution from the recent interventions. The results of previous government financial interventions are summarized in this report.
Contributing Partner: UNT Libraries Government Documents Department
U.S. Foreign Aid to the Palestinians

U.S. Foreign Aid to the Palestinians

Date: October 15, 2008
Creator: Webel, Baird; Weiss, N. Eric & Labonte, Marc
Description: In response to ongoing financial turmoil that began in the subprime mortgage-backed securities market, the federal government has intervened with private corporations on a large scale and in an ad hoc manner three times from the beginning of 2008 through September 19, 2008. These interventions have prompted questions regarding the taxpayer costs and the sources of funding. The federal government may or may not end up seeing a positive fiscal contribution from the recent interventions. The results of previous government financial interventions are summarized in this report.
Contributing Partner: UNT Libraries Government Documents Department
The Emergency Economic Stabilization Act's Insurance for Troubled Assets

The Emergency Economic Stabilization Act's Insurance for Troubled Assets

Date: October 8, 2008
Creator: Webel, Baird
Description: Many observers trace the root cause of recent instability in financial markets to uncertainty surrounding the value of widely held securities that are based on mortgages and mortgage-related assets. The introduction of the Emergency Economic Stabilization Act of 2008 (EESA) was designed to address said financial instability through a variety of measures, including an insurance program for "troubled assets." This report briefly summarizes and analyzes the insurance program contained in the enacted version of the EESA.
Contributing Partner: UNT Libraries Government Documents Department
Financial Market Intervention

Financial Market Intervention

Date: September 29, 2008
Creator: Murphy, Edward V.
Description: Financial markets continue to experience significant disturbance and the banking sector remains fragile. Efforts to restore confidence have been met with mixed success thus far. After attempting to deal with troubled institutions on a case-by-case basis, Treasury has proposed a plan to purchase mortgage-related assets to alleviate stress in financial markets and in the banking system. This report provides answers to some frequently asked questions concerning the financial disruptions of September 2008 and the Troubled Asset Relief Program (TARP) in H.R. 3997.
Contributing Partner: UNT Libraries Government Documents Department
An Economic Analysis of Large-Scale Mortgage Refinancing Proposals: A Brief Overview of S. 3522 and S. 3085

An Economic Analysis of Large-Scale Mortgage Refinancing Proposals: A Brief Overview of S. 3522 and S. 3085

Date: September 11, 2012
Creator: Hoskins, Sean M.
Description: This report provides a brief overview of policy proposals for the large-scale refinancing of mortgages for borrowers shut out of traditional financing methods.
Contributing Partner: UNT Libraries Government Documents Department
Selected Legislative Proposals to Reform the Housing Finance System

Selected Legislative Proposals to Reform the Housing Finance System

Date: April 7, 2014
Creator: Hoskins, Sean M.; Weiss, N. E. & Jones, Katie
Description: This report briefly explains the different approaches to housing finance reform offered by several legislative proposals, focusing on efforts to replace Fannie Mae and Freddie Mac and to reform the Federal Housing Administration (FHA).
Contributing Partner: UNT Libraries Government Documents Department