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?


email signup          RSS News Signup          Fay Servicing          BC’s profile


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

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
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.

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

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

(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

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

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

Ravings of an entitled whiner struggling to keep a house she can’t afford – OC Housing News
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


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:

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