Fed & Sandy, FNMA and MIs, QE3 and Housing, QM, Distressed Sales, Basel 3, Boomer Wealth Cohorts, Lack of Ethics, 20% Fewer Mortgages, Entitles Housing Whiner, Fed Laundering?

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How Will the Fed React to Sandy? –  By: John Carney – CNBC.com

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Fannie Mae reaches short sale agreements with mortgage insurers – By Christina Mlynski – Fannie Mae reached agreements with its nine mortgage insurers to allow short sales and deed-in-lieu to be processed more efficiently. The agreements will also speed up the foreclosure prevention process. … go into effect Nov. 1. …  – Housingwire
and
Fannie makes deal with insurers to help homeowners – Ronald D. Orol, MarketWatch – …  that could help distressed borrowers avoid foreclosure. … would allow mortgage servicers, … to complete so-called short-sales and deed-in-lieu of foreclosure without seeking approval from the insurer.
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Analysts Examine Bernanke’s Bet on Housing – BY: KRISTA FRANKS BROCK – As the Federal Reserve launches its QE3 monetary policy, some interpret the plan as a sign Fed Chairman Ben Bernanke has “gone ‘all in’ on the U.S. housing market” and is clinging to hope the housing market can not only recover itself, but also restore the entire U.S. economy. This, at least, is the outlook of Global Markets Intelligence (GMI) Research. – The M Report

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How to Loosen the ‘Qualified Mortgage’ Straitjacket – By Clifford Rossi – American Banker

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(silver lining?) Yearly Price Gains Maintained by Decrease in Distressed Sales – BY: ESTHER CHO – Summer’s end may have led to the close of a strong home-buying season, but a decrease in distressed sales is helping prices maintain their yearly gain and some regions are still experiencing monthly price increases. – DS News

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Basel III Liquidity Rules May Kill Short-Term Deposit Market – Chris Whalen – American Banker
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(25 page paper) The Wealth of the Baby Boom Cohorts After the Collapse of the Housing Bubble – David Rosnick and Dean Baker – CEPR.net 
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(lack of ethics) A Crisis Of Financial Responsibility – by David Coster – MortgageOrb

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(Dodd-Frank, Basel, QRM) New Report Predicts 20% Fewer Mortgages In 2013 – by MortgageOrb.com

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Ravings of an entitled whiner struggling to keep a house she can’t afford – OC Housing News
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Is The Federal Reserve Using Money-Laundering Techniques To Cleanse Banks’ Balance Sheets? – Lawrence Hunter – …  The Fed then launders the loans by reselling them back to the same group of banks at a fraction (10 percent or less) of the face-value price it paid the banks for them. …  – Forbes

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