MBS Chart, VA Loans, Capacity Constraints, HARP Helps, Housing Start Charts, Affordability, Flippers Back, Reverse Changes, Delevering by Default, CA Echo bubble, Builder Confidence Up, HARP, Strategic Defaulters

mnc-bc-fay2

email signup          RSS News Signup          Fay Servicing          BC’s profile

————

(elegant chart says it all for MBS) QE3 beginsSober Look Blog
————

V.A. Loans Surge in Fiscal Year – by Coester VMS – Mortgages guaranteed by the Department of Veterans Affairs surged by 50 percent in the fiscal year ended Sept. 30, as tighter credit standards on conventional financing made these programs all the more attractive to current and former military members. The department guaranteed almost 540,000 loans in fiscal year 2012, the most since 1994

————
(paperwork + capacity constraints = profits) Analysis: Mortgage demand too much for U.S. banks, who respond slowly – Dan Wilchins and Rick Rothacker – Reuters – Chicago Tribune

————
(HARP helped) U.S. Bancorp Pumps Out Record Results As Mortgage Revenues Jump – Trefis Team – Forbes

————

 

 

 

 

 

(beautiful charts) Housing Starts And Building Permits Exceed Forecasts – Bespoke Investment Group – Seeking Alpha

————
Study: Falling Home Prices Not Improving Affordability – BY: TORY BARRINGER – However, a study released by Interest.com shows homes are only truly affordable in about half of the nation’s major cities. … The M Report 
————
(hedge funds buy) Property Flippers Are Back as Housing’s Middle Men – By Diana Olick | CNBC – … Blomquist says the difference for today’s flippers is that they must add value to the home before selling, because price appreciation alone won’t net the profit they seek. That means rehabbing,  …
————
(has details) FHA: Reverse Mortgage Program Changes on Six-month Horizon – by Elizabeth Ecker – … (HUD) is actively seeking meaningful change to its Home Equity Conversion Mortgage program in an effort to protect its mortgage insurance fund and sustain the program long-term, a HUD representative told reverse mortgage professionals … – Reverse Mortgage Daily
————
No, Virginia, Consumers Delevering via Default is Not a Reason for Economic Cheerleading -Matt Stoller – Naked Capitalism

————
Are we seeing an echo housing bubble in California? The low inventory low interest rate mania. The psychology of buying in a perpetual bubble machine.Dr. Housing Bubble

————
Homebuilder Blues: NAHB/Wells Fargo Home Builder Ratings October 2012 – Paper Economy – A US Real Estate Bubble Blog
and
NAHB Builder Confidence increases in October, Highest since June 2006 – by Bill McBride – Calculated Risk 
————
FHFA: HARP leaps forward with 99,000 refinancings in August – By Kerri Ann Panchuk – Housingwire
————
(White paper) Berkery Noyes: Upturn Just Starting for Mortgage Sector – BY: TORY BARRINGER – … In a white paper from the firm, managing director John Guzzo wrote that rising home equity, lower excess vacant homes, and more flexible FHA refinance qualifications are all leading the originations sector to “the beginning of an upward cycle in terms of both volume and dollars.” … – The M Report
————
FHFA should help pursue Fannie, Freddie strategic defaulters: Report – By Jacob Gaffney – The Inspector General for the Federal Housing Finance Agency concludes that Fannie Mae and Freddie Mac would benefit from getting some help in pursuing those who walk away from their mortgage, despite their ability to payHousingwire
————
HARP on Track to Reach 1M Borrowers This Year – BY: CARRIE BAY – DS 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