Archive for September 10th, 2013

September 10, 2013

Borgen’s Next Installment on the Peace Palace at 100

St. John’s Associate Dean for International Studies Professor Borgen‘s next installment on the Peace Palace at 100 is now available at Opinio Juris here.  This third installment, titled, Peace Palace at 100: Great Powers and Common People in a Century of War and Peace, discusses the work of Bertha von Suttner, an influential author and peace activist and the only woman to attend the Hague Conference of 1899.  Professor Borgen also notes the relevance of her work and others’ to the development of peaceful interstate dispute resolution then and now.  In particular, Professor Borgen writes:

It may seem strange to celebrate the centennial of the Peace Palace when today’s great powers are at odds over what to do in the face of carnage in Syria.  Whether public opinion is—or even should be—taken into account in such decisions of “high politics” is also at issue.  But it is in exactly such circumstances that we do well to remember the circumstances surrounding the construction of the Peace Palace and its institutions.

Earlier posts on Professor Borgen’s installments in this series can be found here and here.


September 10, 2013

DiLorenzo Pens Article on Qualified Mortgages in the NYLJ

Today’s New York Law Journal published an article written by Professor Vincent DiLorenzo entitled, Qualified Mortgages: Safe Harbor from What?  The article discusses a final rule issued by the Consumer Financial Protection Bureau in July of this year, amending the bureau’s earlier regulations defining and implementing the ability-to-repay requirements of the Dodd-Frank Act.   The new regulations created a safe harbor for mortgages that meet certain, specified underwriting requirements, a.k.a.  “qualified mortgages”.   Professor DiLorenzo, who is a Senior Fellow of the Vincentian Center for Church and Society, writes of the amendment,

Consumer groups, industry members and government officials have struggled with the question of whether creditors are likely to offer only “qualified mortgages” in the future. The fear is that this would restrict availability of credit. The safe harbor created by the CFPB’s regulations, at first, seems to make this more likely. However, past experience indicates the risk of significant liability if creditors make non-qualified mortgages is likely small. Of course, only future experience will confirm or disprove that conclusion based, in part, on the CFPB’s enforcement policy with respect to the ability-to-repay requirements.

The text of the full article can be found here.

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