CA Homeowners Bill, A Different View, Securitization Platform, Strategic Default, Overseas Call Centers, More Short Sales, QE3 and 600B, Housing Fever, Voter Chart, Why Fed Buys MBS, CA Home Prices

mnc-bc-fay2

email signup          RSS News Signup          Fay Servicing          BC’s profile

—–

(absolute must read) Tail Risk: Kamala Harris Declares War on Lenders, Loan Servicers in CA – Chris Whalen – Institutional Risk Analyst

————

(a view of mortgages and housing you have not seen) The World’s Largest Money-Laundering Machine: The Federal Reserve – Charles Hugh Smith – Of Two Minds 
————
(private deals too) FHFA proposes framework for new GSE securitization platform – By Justin T. Hilley – Housingwire 
and
U.S. Regulator Proposes Uniform System for Mortgage Securities – By Clea Benson – The plan would create a common method of issuing bonds, overseeing servicers, making payments to investors, and tracking loan performance, (FHFA) said in a white paper released yesterday. It would also standardize pooling and servicing contracts … – Bloomberg

————
Survey: 32% of Americans Justify Strategic Default – BY: ESTHER CHO – DS News
————
(Overseas call centers) Offshoring issues could challenge mortgage servicer ratings – By Kerri Ann Panchuk – Housingwire 

————
Why the big banks are doing more short sales – by Lily Leung – (lists Freddie changes) – San Diego UT 
————
U.S. Fed’s QE3 program expected to total $600 bln – Reuters Poll – by F wire – … and is likely to buy Treasuries outright after its “Operation Twist” stimulus ends in December … – Reuters

————
Housing Fever Can Work Both Ways – By ROBERT J. SHILLERNY Times
————
(chart) Why ‘Savers’ Should Vote Republican And ‘Homeowners’ Democrat – Submitted by Tyler Durden – Zero Hedge
————
Could Fannie and Freddie Add $5 Trillion to U.S. Debt? – By Michael Iachetta – … I would suggest, that one must understand the Federal Reserve’s purchase of mortgage securities from Fannie and Freddie.  … they effectively pave the way for eliminating the GSEs and nationalizing the secondary mortgage market.  … – American Thinker

————
California Home Sales Predicted to Continue Gradual Climb in 2013, State Realtors Group Says – by Michele Dawson – Realty Biz News 

————

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