Brooklyn Law School Professor David Reiss concentrates his study and practice in real estate issues and community development. He was most recently a Visiting Clinical Associate Professor at the Seton Hall Law School Center for Social Justice. Previously, he was an associate in the New York office of Paul, Weiss, Rifkind, Wharton & Garrison in its Real Estate Department and an associate at Morrison & Foerster in San Francisco in its Land Use and Environmental Law Group. He was also a law clerk to Judge Timothy Lewis of the United States Court of Appeals for the Third Circuit. His article, "Subprime Standardization: How Rating Agencies Allow Predatory Lending to Flourish in the Secondary Mortgage Market" in the Florida State University Law Review was granted an award as the best article of 2006 on a topic dealing with consumer financial services law by the American College of Consumer Financial Services Lawyers. His other publications include “Fannie Mae and Freddie Mac and the Future of Federal Housing Finance Policy: A Study of Regulatory Privilege” in the Alabama Law Review (forthcoming); “The Federal Government’s Implied Guarantee of Fannie Mae and Freddie Mac’s Obligations: Uncle Sam Will Pick Up the Tab” in the Georgia Law Review; "Modeling a Response to Predatory Lending: The New Jersey Home Ownership Security Act of 2002" (with B. Azmy) in the Rutgers Law Journal; “Neighborhood Entrepreneurs Program in New York City” in the ABA’s Journal of Affordable Housing & Development Law; and “Housing Abandonment and New York City’s Response” in the New York University Review of Law & Social Change. He is a frequent contributor to op ed pages, including those of the National Law Journal, Legal Times, Christian Science Monitor and Philadelphia Inquirer and his views on a variety of real estate and land use issues have appeared in the Washington Post, Village Voice, New York Newsday, NPR, TheStreet.com, TheDeal.com and Bankrate.com, among other media outlets. He received his B.A. from Williams College and his J.D. from the New York University School of Law. Prior to attending law school, he worked for four years at Community Access, a not-for-profit that helped people with psychiatric disabilities make the transition from shelters and hospitals to independent living.
Articles
Coming Out of Conservatorship: Developing an Exit Strategy for Fannie and Freddie, Lombard Street (2009)
This brief article reviews the various policies that the Obama Administration can choose from as...
The Federal Government’s Implied Guarantee of Fannie Mae and Freddie Mac’s Obligations: Uncle Sam Will Pick Up the Tab, 42 Ga. L. Rev. 1019 (2008)
This article provides the most comprehensive statutory analysis to date of the federal government’s implied...
Contributions to Books
Fannie Mae and Freddie Mac: Privatizing Profit and Subsidizing Loss, Lessons from the Financial Crisis: Insights and Analysis from Today’s Leading Minds (2010)
This book chapter describes the role of Fannie Mae and Freddie Mac in the ongoing...
Rating Agencies: Facilitators of Predatory Lending in the Subprime Market, from the Financial Crisis: Insights and Analysis from Today’s Leading Minds (2010)
This book chapter explores how the three largest rating agencies, Standard & Poor’s, Moody’s Investor...
Regulation of Subprime and Predatory Lending (forthcoming), The International Encyclopedia of Housing and Home (2010)
How We Got Where We Are: The Lessons of History, NO MORE ‘HOUSING OF LAST RESORT’ – THE IMPORTANCE OF AFFORDABILITY AND RESIDENT PARTICIPATION IN IN REM HOUSING (1996)
Unpublished Papers
Fannie Mae and Freddie Mac and the Future of Federal Housing Finance Policy: A Study of Regulatory Privilege, ExpressO (2009)
The federal government recently placed Fannie Mae and Freddie Mac, the government-chartered, privately owned mortgage...
Rating Agencies and Reputational Risk, Brooklyn Law School, Legal Studies Paper (2009)
This essay is a lightly-edited version of a talk given at the University of Maryland...
The Role of the Fannie Mae/Freddie Mac Duopoly in the American Housing Market, Journal of Financial Regulation and Compliance (2009)
Other
Book Review: Dan Immergluck, FORECLOSED: HIGH-RISK LENDING, DEREGULATION, AND THE UNDERMINING OF AMERICA’S MORTGAGE MARKET (2010)
This is a book review of Dan Immergluck, FORECLOSED: HIGH-RISK LENDING, DEREGULATION, AND THE UNDERMINING...