Partners Update Recommended Reading

Prepaid Cards Being Evaluated for Safety
6/15/2012 - The prepaid card industry is growing fast and not just among underbanked consumers. In an Atlanta Fed Portals and Rails, assistant director of the Retail Payments Risk Forum Cynthia Merritt describes the implications of this growth, particularly as it relates to consumer protections. The blog also highlights the role of the new Consumer Financial Protection Bureau (CFPB) in promoting safety and transparency in the market.
Federal Reserve Governor Speaks on Factors Affecting the Housing Market Recovery
5/22/2012 - Federal Reserve Governor Elizabeth Duke shared remarks on issues affecting the housing recovery, including economic and regulatory uncertainty and credit access for potential home buyers, at the midyear legislative meetings of the National Association of Realtors.
Why Did So Many People Make So Many Ex Post Bad Decisions? The Causes of the Foreclosure Crisis
5/22/2012 - An Atlanta Fed research paper suggests that prevailing optimism during the housing boom and the resulting decisions made by homeowners and financial institutions were primary causes of the foreclosure crisis. The paper examines what led to some of these decisions and how policymakers might respond in the future.
Signs of Rebuilding in Housing?
5/22/2012 - According to homebuilders and residential brokers in the Southeast, the housing industry is improving slowly. The Atlanta Fed's Center for Real Estate Analytics staffers report on feedback from industry representatives in a recent SouthPoint blog.
The Devil's in the Tail: Residential Mortgage Finance and the U.S. Treasury
5/10/2012 - Opinions vary about the appropriate role of the federal government in the future housing finance system. A research paper presented at the Atlanta Fed's 2012 Financial Markets Conference provides an assessment of policy proposals that have been offered.
Can Home Loan Modification through the 60/40 Plan Really Save the Housing Sector?
5/10/2012 - A recent proposal focused on mortgage principal forbearance aims to improve the housing market. Atlanta Fed economists Scott Frame and Kris Gerardi raise questions about the effectiveness of that plan in a current Real Estate Research blog posting.