Dodd-Frank Hindrances (3), Miami Condos Sell, Duke on Rentals, Krugman to White House, Romney on QM, Keeping Buyers Out, SoCal Mortgage Mania, Appraisal Buybacks, Subprime MBS Hot

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(hurts private deals too) Fannie and Freddie Having Difficulties with New Regulations – by Nancy Asiamah  – … new set of laws … “If it’s hard for the FHFA and [Fannie or Freddie] to issue a securitization, what do you think it’s like for an ordinary commercial issuer?” Davidson said … – Realty Today

and
Dodd-Frank impeding new class of mortgage securities – by Rita Uplend – Bank Credit News.com
and
(loans for rentals) Do We Really Need Freddie to Subsidize Rental  – Yves Smith – … The housing giant had planned to launch a program to lend to institutional investors in single family rental properties  … – Naked Capitalism

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Miami Condo Market Shows a Way to Solve Inventory Glut – By Roben Farzad – … (FR) Bank of Atlanta has issued a report … renting—by both new renters and condo owners who were previously fixated on flipping for gains—has helped fill a skyline full of empty boxes: … – Bloomberg Businessweek

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Addressing Long-Term Vacant Properties to Support Neighborhood StabilizationFR Board of Governors

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Is Krugman Heading To The White House? – by Charley James – UK Progressive 
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(talks about QM) How a moderate Mitt Romney says he’d regulate Wall Street
Posted by Suzy Khimm – Washington Post
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(convenient legacy of ZIRP) U.S. Interest Cost Falls to Lowest Since 2005 as Debt Soars – By Daniel Kruger – Bloomberg

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Mortgage Rates Have Sunk To All-Time Lows And America Is Taking Advantage Of Them – Sam Ro – Business Insider

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(Foreclosure Rentals: Banks want in on the action) Freddie’s Foreclosure Plan Hits Roadblock – By JEANNETTE NEUMANN And NICK TIMIRAOS – Wall Street Journal

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(Fallout) Falling Conversion Rates Lead to Heavy Reverse Mortgage Losses – by Elizabeth Ecker – Reverse Mortgage Daily 
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PricewaterhouseCoopers Paid $1 Billion as Consultant on Mortgage Settlement – Matt Stoller –  … (PWC) will bill more than $1 billion for four of the 14 ordered reviews, according to my sources. … – Naked Capitalism  
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ROSENBERG: There’s A New Debt Bubble Forming And It’s Keeping Buyers Out Of The US Housing Market – Sam Ro – Business Insider
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The recipe for another SoCal housing mania – Irvine MLS inventory below three months. Maxing out on leverage and low interest rates.- Dr. Housing Bubble

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Banks’ After-The-Fact Appraisals Fuel Buyback Demands – BY SACHA BOEGEM AND PHILIP R. STEIN – Mortgage Crisis Watch
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Subprime (MBS) Gains 30% as Goldman, Cerberus Target Market – By Jody Shenn  – Bloomberg

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(Ocwen) Servicer Tries Hand at Lending – By CHRISTIAN BERTHELSEN – Ocwen Financial Corp. … with a foray into home lending. … agreed to pay $750 million in cash and stock to acquire Homeward Residential Holdings Inc., … more – Wall Street Journal

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