Re-Defaults Decline, Romney and Dodd-Frank, Pullback?, Pre 2005 RMBS, Keith Jurow, Super Rich Buy RE, DQs Rise?, Boomer Strategic Defaults, Selling Coke Pay for Repurchases, Don’t Buy, Data Trail, Eminent Domain, Rescap Review, Hedge Funds, Bob Hagerty Book, Oil Reprice

mncfay[5]BillCoppedge_26Nov2011

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Redefaults on private modifications cut by more than half – By Jon Prior – Housingwire

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Why Romney Won’t Kill Dodd-Frank – By Phil Mattingly – … Instead, President Romney would likely try to give the financial industry something it wants more: a diluted financial reform law that would relax restrictions on some of its most profitable—and riskiest—investments but maintain enough government oversight to give the banks cover. … – Bloomberg Businessweek

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Is Housing Ripe For A Pullback? – by Street Authority – Seeking Alpha
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(more garbage remains?) Fitch: Refinancing creates cracks in pre-2005 RMBS deals – Posted by kpanchuk – Housingwire

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(lots of research good read) Prepare For The Coming Housing Collapse: Part II – Keith JurowBusiness Insider

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(real estate) A Hot New Investing Trend Among Super Rich Families – Linette Lopez – Business Insider

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The Next (Lack Of) Trading Casualty: Nomura’s Brand New $270 Million Trading Floor – Submitted by Tyler Durden – Zero Hedge
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Bank’s residential loan delinquency rates more than FIVE times historic normsOC Housing News – … shadow inventory. The too-big-to-fail commercial banks have been endlessly can-kicking to delay what I believe are inevitable write downs. … If lenders continue at that pace, it will take another 16 years for delinquency rates to get back to historic norms. …

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Baby Boomers and Strategic Defaults – a Demographic Study: Why Did People Walk Away? Did They Struggle With Morality? Would they Recommend Walking Away to Others? – Michael Shedlock – Jon Maddux, CEO of You Walk Away, sent me a slide show of their recent Baby Boomer Strategic Default Survey. – MISH’S Global Economic Trend Analysis

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SunTrust Sells 93-Year Coke Stake as Crisis Hangover Ebbs – By Laura Marcinek – … The transaction will boost third-quarter net income by about $750 million, or $1.40 a share, … Proceeds of the sale will help the lender set aside $375 million to fund the repurchase of faulty mortgages and absorb a $250 million pretax charge tied to the writedown of soured loans. … – Bloomberg
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5 Reasons Why You Shouldn’t Buy a House Right Now – By Credit.com – AOL Daily Finance

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(in just one day – no privacy) One Woman’s Data Trail Diary – By SCOTT SHANE – … agreed to try to document her own data trail on one recent day. … – NY Times
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(eminent domain) Underwater mortgage acquisition proposal expands to include delinquent or defaulted homeowners – Joe Nelson – … “I don’t think it changes our approach at all or our views,” said Tim Cameron, a managing director at SIFMA. “Quite frankly, it’s a scheme, and they’re (MRP) looking to benefit short-term opportunistic individuals who have invested money to execute this scheme.” … –  The Sun
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ResCap Says PWC Review Could Cost $250 Million, Up From $180 Million – DJ – Residential Capital LLC said it may cost $250 million for PricewaterhouseCoopers LLP to complete a government-mandated review of the mortgage servicer’s home-foreclosure practices. – Fox Business
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Did Hedge Funds Miss Their Opportunity in Mortgages? – Paul Muolo – The answer to that question is “probably not.” As I’ve told many over the past year the entire mortgage industry is up for grabs – National Mortgage News

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How Paul Volcker Misread Fannie Mae – By James R. Hagerty – Adapted from “The Fateful History of Fannie Mae,” by James R. Hagerty, published Sept. 4 by History Press. This is the first of four blog posts related to his book. – WSJ.com 
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The Repricing of Oil – Traditional pricing dynamics no longer apply – by Gregor Macdonald – Peak Prosperity

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