Annaly, Qualifying is Hard, Apartment Boom, Borrower Transparency, Tax Relief, Privacy, Rental Bonds Without Ratings, Ben Graham and REITS, “Serial Refinancers”, Short Sales, Homeownership Rate

BillCoppedge_26Nov2011original content selection by MortgageNewsClips.com

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Annaly: How mREITs Make Money And The Case For A Dividend Increase – by Regarded Solutions – Seeking Alpha

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How Fannie Mae Is Making It Harder to Get a Home Loan – By Credit.com – … for both new borrowers and those who are refinancing existing home loans. Now the maximum loan-to-value ratios that it will allow is just 90 percent, down from as much as 97 percent in the past, and certain loans will require higher credit scores … – AOL Real Estate

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As Housing Recovers, Will Apartment Boom End? – By: Diana Olick – CNBC
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Borrowers Want More Transparency in Lending: Survey – BY: RYAN SCHUETTE – The M Report
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Senators press for tax relief on principal reductions, short sales – By Jon Prior – … Homeowners who receive a principal reduction or a short sale next year will be required to pay taxes on the debt forgiven if Congress does not extend the Mortgage Debt Relief Act of 2007. The law expires Dec. 31. Up to $2 million of reduced debt can be excluded from taxable income under an extender package to be introduced in the Senate early next week. … – Housingwire

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Full Disclosure of Fees, Privacy Most Important to Borrowers: Survey – BY: RYAN SCHUETTE – … MortgageMarvel.com commissioned a survey of 2,214 American adults 18 years or older to learn that one full-quarter of Americans take disclosure into account when considering their next home loan. After disclosure, 20 percent of survey respondents ranked anonymity as their second most-valued quality in the lending process. … – DS News
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Foreclosure-rental bonds come to market without ratings – By Adam Tempkin and Charles Williams – (IFR) – The first so-called real estate owned (REO)-to-rental securitizations in the United States may go ahead without credit ratings, as agencies ponder how to assign grades to the new and potentially risky products. – Reuters

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(mREITs not mentioned) Would Ben Graham Buy These REITs? – Brad Thomas – Seeking Alpha

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New Real Estate Train Wreck Coming: Securitized Rentals – Yves Smith – No matter how bad things get, it turns out they can always get worse. Wall Street is about to foist a new “innovation” on investors that even the ratings agencies won’t touch. – Naked Capitalism

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"Serial Refinancers" and Percent of Refinance Loans with Cash Out – by Bill McBride – Calculated Risk

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Short Sale Transactions: Increasing Risk or Reward? – Ed Gerding – … So the conundrum the industry is grappling with is accelerating short sales while simultaneously detecting and preventing the growing incidence of fraud these transactions may produce. … – National Mortgage News
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Homeownership Plunges to Lowest Rate in Almost 50 YearsJohn Burns Real Estate Consulting – U.S. Building Market Intelligence™ – Erik Franks 

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