Avoiding QE3, Underwater HO Map, Chicago Rents, mREITs, RE/MAX on Home Sales, FNMA Outlook, Loan to Income Guidelines, FHFA Streamlines Short Sales, Eminent Domain, Investor-Driven, Options to Rent, Rates Climb

BillCoppedge_26Nov2011original content selection by MortgageNewsClips.com

email signup          Receive MNC in RSS news reader          me @ LinkedIn

————

(QE3 maybe not) Cooler heads at the FOMC should prevail, avoiding QE3Sober Look Blog 
————
This Map Of Underwater Homeowners Shows The Sunbelt Is Still Scorched – Rob Wile – Zillow is out with a new map showing the concentration of underwater homeowners — … by county. – Business Insider
————
(Chicago) Downtown apartment rents hit another all-time high – By: Alby Gallun – … The average net rent at top-tier, or Class A, downtown apartment buildings rose to another all-time high of $2.57 a square foot in the quarter, up 2.6 percent from the first quarter and 5.8 percent from a year earlier, according to Appraisal Research Counselors, a Chicago-based consulting firm. The Class A occupancy rate hit 96 percent, its highest level in six years. … – Chicago RE Daily 

————
One Investor’s Very Brief Dalliance With American Capital And Annaly – Mike Nadel – After great consideration, … I was going to buy American Capital Agency (AGNC) and Annaly Capital Management (NLY), … Before going to bed Thursday, I placed limit orders for both companies. By Friday morning, my gut was telling me AGNC, NLY and other mREITs didn’t belong in the Dividend Growth portfolio I was painstakingly building. So I went to my brokerage Web site and canceled the orders. It was a 180-degree flip-flop … What the heck happened?Seeking Alpha 
————
RE/MAX: Home sales up 10% from last year – Posted by jprior – Housingwire

————
brightens Fannie Mae economic outlook – By Kerri Ann Panchuk – … The group released its August 2012 Economic Outlook, which shows housing doing well with residential investment projected to contribute at least 0.2 percentage points to real gross domestic product in 2012. If that does occur, it will be residential real estate’s first contribution to annual GDP since 2005. … – Housingwire
————
Research: Loan-to-income guidelines could have "forestalled much of the housing boom" – by Bill McBride – Calculated Risk

————
FHFA streamlines short sale standards for Fannie Mae and Freddie Mac – By Kerri Ann Panchuk – … The program also removes barriers created by some subordinate lien holders by limiting subordinate-lien payments to $6,000. This maneuver essentially cuts off any attempts by the second-lien holders to negotiate for larger payoff amounts. … – Housingwire

————
Fannie, Freddie set new policies for short sales – AP – . … said the new guidelines for lenders call for streamlined document requirements and other allowances. Lenders will be able to approve short sales that meet the criteria on their own authority, without approval from Fannie or Freddie. … – Bloomberg Businessweek
————
FHFA Announces New GSE Short Sale Guidelines – by MortgageOrb.com 

————
FHA ‘concerned’ with eminent domain proposal – By Jon Prior – Housingwire

————
An Investor-Driven Recovery – Erik Franks -  …  Most of these investors are paying all cash and buying homes below replacement cost. They are helping the market recover by removing supply at the low end of the market and driving real buyers to higher price points, including new homes. We don’t see a scenario where they dump their homes en masse on the market unless it becomes crystal clear that home prices are headed down again. …John Burns RE Consulting 
————
More options to rent your foreclosed home – By Ilyce Glink – (MoneyWatch) Citigroup joined a growing number of major national lenders that are letting struggling homeowners stay in their homes by renting …

————
Mortgage Rates Climb Highest in 10 Weeks: Zillow – BY: RYAN SCHUETTE – Fewer lulls in the economy allowed mortgage rates to rise to their highest point in more than two months this week, with the 30-year fixed-rate mortgage climbing to 3.5 percent, according to Zillow. – The M Report

————

For Rob Chrisman’s latest daily post, click here.

To subscribe to Joe Garrett’s news letter, send an email to jgarrett at garrettmcauley dot com 

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s