Meet Triaxx, FHA Refis, Labor Participation, Obama, Buy With IRAs, Eminent Domain, Originators and Servicing, FC Rentals, DeMarco, G-Fee Rise, Walter Investment, Appraisal Complaints, Michael Olenick, HP Rise, Sellers Pay G-Fees, CFPB and APR

 mncfayBillCoppedge_26Nov2011

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(Triaxx – you will be hearing about this) How to Find Weeds in a Mortgage Pool – By GRETCHEN MORGENSON – IT sounds like the Domesday Book of the housing bust. In fact, it is a computerized compendium of millions of housing transactions — a decade’s worth from across the country — that could finally help us get to the bottom of troubled mortgage investments. – NY Times

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More refinances in 2012 than in all of 2011: FHFA – Ronald D. Orol – WSJ

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(giving up hope) Labor participation for men in the US hit the lowest level on record; decline among younger men is
particularly sharpSober Look Blog – Friday’s employment figures were terrible across the board, although some have naively interpreted the decline in the headline unemployment rate (from 8.3% to 8.1%) as positive news. Unfortunately there is nothing positive about this change. As before, the decline is simply an indication of people dropping out of the labor force. … more

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(another view) Obama’s Secret Plan to Prop Up Housing Prices – by MIKE WHITNEY – Counterpunch.org

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Buying Properties Using Your IRA funds – by Daniel Doran –Realty Biz News 

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The Implications of Eminent Domain Loan Seizures – Written by Bill Berliner – … I do, however, believe that the proposed
actions would have a damaging effect on the MBS and mortgage markets, and risks injuring the people who are supposed to be aided … – Fixed Income Color
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Originators’ Expansion Into Servicing – Jim MacDonald – There is a movement toward retaining servicing rights benefits. It
involves originators and the wider mortgage industry. – Mortgage Servicing News

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(lots of info) Banks prep lending facilities for foreclosure-rental bonds – By Adam Tempkin – (IFR) – At least seven
investment-bank lenders are getting set to roll out the first round of balance-sheet term financing to a handful of private equity and real estate firms looking to buy foreclosed US single-family homes and convert them to rentals. … – Reuters

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What Does The Future Hold For The Federal Home Loan Banks? – by Edward DeMarcoMortgageOrb 

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Congress will consider raising guarantee fees even more – By Jon Prior – … In the announcement Friday, the FHFA also said
it would release plans to adjust pricing on the state level “shortly.” Lenders in specific areas, where the GSEs detect the most housing risk, would be charged more for their guarantees. “We expect New York and Florida to increase the most,” Chase analysts said. … – Housingwire

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Walter Investment Management Corp. Announces Definitive Agreement to Purchase Reverse Mortgage Solutions, Inc. – PRNewswire
Sacramento Bee
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Home-appraisal complaints rise in volatile resale market – By Mary Shanklin,
Orlando Sentinel
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Mortgage Settlement Monitor Hires Firm that Has Worked on Countrywide Matters – By Michael Olenick –
Naked Capitalism

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CoreLogic: July home prices increase 3.8% – By Kerri Ann Panchuk – …  making it the largest annual gain in six years … –
Housingwire 
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Big Sellers Bore Brunt of G-Fee Hikes, but More Increases on the Way – By Brian Collins –
National Mortgage News

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CFPB extends comment period on APR changes – Posted by kpanchuk –
Housingwire

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

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