MSR Update, GSEs Healthier, FHA DQs Surge, Obama Romney Housing, Ed Demarco, mREITs, Walk-Aways, QE Munis?, REO Update, Echo Boomers, Fraud, Seniors, Flopping Update

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(great info read this) Mortgage Servicing Rights Market Update – Fall 2012 – Michael Karnes – MIAC Analytics

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(lots of details) US FHFA:Cumultive GSE Tsy Draws Range From $191b-$209b End-’15 – (MNI) – The Federal Housing Finance Agency Friday released a report with updated information on the possible ranges of future financial results of Fannie Mae and Freddie Mac under specified scenarios.
and
Fannie Mae and Freddie Mac may repay Treasury faster – By Christina Mlynski – Housingwire 
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Cost of Bailing Out Fannie and Freddie Expected to Fall Sharply – By NICK TIMIRAOS – Fannie Mae and Freddie Mac are expected to begin repaying taxpayers for their bailout faster than initially projected, in part because of an improving housing market. – Wall Street Journal 
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FHA Delinquencies Surge To Record Levels In 3rd Quarter 2012 – by Donna S. Robinson – … As of September 2012, the delinquency rate has surged to a record 17.3%. Compare that to less than 2% for privately insured mortgage company, MGIC. … – Realty Biz News 

refers to report at FHA Watch 
and
Study: FHA Underestimating Mortgage Risks – BY: TORY BARRINGER – … In the report, Caplin and his co-authors conclude that the FHA measuring the wrong data and using flawed results to estimate mortgage risk. Specifically, the study points to the FHA’s measurement of mortgage outcomes where refinances are concerned. … – The M Report

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Stiglitz: Obama, Romney still need to address housing market – Jennifer Ablan and Matthew Goldstein | Reuters – Chicago Tribune
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(Ed Demarco) President Obama Wants To Remove The One Man Who’s Holding Back The US Economy – Rob Wile – Business Insider
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mREIT Payouts Are Unsustainable At Current Levels – by Dividend Kings – Seeking Alpha

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More Americans Walk Away from Their Mortgages – By: Steve Yoder – Fiscal Times – CNBC.com

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(QE Muni?) Getting More Bang for the Fed’s Buck – By JOSEPH A. GRUNDFEST, MARK A. LEMLEY and GEORGE G. TRIANTIS – NY Times 
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Update: REO by State and Owner Occupied Units by State – by Bill McBride – Calculated Risk 
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Moody’s: Echo boomers to reverse declining homeownershipSober Look Blog– comments and charts 
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A New Assault On Mortgage Fraud – by Greg Holmes – … The FBI also reported that a whopping 62% of the top 10 mortgage fraud schemes identified in 2010 … involved loan origination schemes.  … – MortgageOrb

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Reverse Mortgage Marketers See 3 Very Different Types of Seniors – by Elizabeth Ecker – Reverse Mortgage Daily

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(flopping update) Latest in mortgage fraud: Flopping – By Les Christie @CNNMoney – … Suspicious short sales, ones flipped the same day, accounted for just under 2% of all short-sale transactions in 2011, according to CoreLogic. Floppers averaged a 34% gain. The average profit: $55,000. Fraudsters can get away with it because banks are swamped with short sale requests ...
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For Rob Chrisman’s latest daily post, click here.

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