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


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 
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


Leave a Reply

Please log in using one of these methods to post your comment: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ 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 )


Connecting to %s