FHA Audit, Dual Tracking in CA, Housing Presentation, 55+ Housing, Chicanery?, Annaly-CreXus, David Stevens, New MBS Rulings, Improving Homebuilders, Ohio Governor Cordray?, Short Sale Automation, Household Formation

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(FHA) A Very Important Housing Agency Is Running Out Of Money And May Need A Bailout; Getting A Mortgage Might Get Even Harder – Halah Touryalai – Forbes

and
With FHA Audit Looming, Experts Say Prepare for Bumpy Ride – by Elizabeth Ecker – Reverse Mortgage Daily

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California Dual-Tracking Ban Leads to Spike in Cancelled Foreclosures – BY: ESTHER CHO – A specific provision in California’s Homeowner Bill of Rights may have led to a surge in foreclosure cancellations, according to a report from ForeclosureRadar. … Even though the Homeowner Bill of Rights doesn’t take effect until the start of next year, ForeclosureRadar says it appears lenders have begun the process of canceling foreclosures that are being considered for short sales or modifications. … – DS News http://www.dsnews.com/articles/california-dual-trackig-ban-leads-to-spike-in-cancelled-foreclosures-2012-11-14
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(21 charts – great presentation lots about housing) Forget Red And Blue States: Different Parts Of The Country Are Experiencing Dramatically Different Recoveries – Richard K. Green – Business Insider

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Builder Confidence in 55+ Housing Market Reaches 4-Year High – By Jason Oliva – …  – Senior Housing News
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(chicanery?) Analyst: MBIA’s quiet move hits BofA in mortgage bond dispute – By Kerri Ann Panchuk – Housingwire 
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Annaly Rises After Offer for Crexus to Counter Fed Encroachment – By Jody Shenn – … Annaly announced its bid to buy Crexus, a commercial- mortgage investor, as part of a broadening of its strategy after Federal Reserve purchases of government-backed residential debt reduced yields in a market it has focused on since its 1997 initial public offering. It now may allocate as much as 25 percent of shareholder equity to other investments, Chairman and Chief Executive Officer Wellington Denahan said in a statement. … – Bloomberg

and
Annaly Breaks The Agency Mortgage REIT Mold In Search Of Spread – Zvi Bar – Seeking Alpha

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MBA CEO calls for Fannie, Freddie policy change – By Megan Hopkins – … David Stevens told the Independent Mortgage Bankers Conference … “Fannie and Freddie need to start making clear, detailed, fully-baked presentations of planned policy changes of significance in advance,” Stevens said. “Our market is fragile, and the stakes are too high to allow these two companies to continue to throw change after change at lenders, with no avenue for input in the formative stages.” … – Housingwire
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Banks should fear ominous new rulings in Fannie/Freddie MBS cases – Allison Frankel’s On the Case – Thompson Reuters 
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Homebuilders D.R. Horton and Beazer Report Sales Increase – by Bill McBride – D.R. Horton continues to see strong sales growth and expect sales to increase in 2013. Beazer is a laggard, but also expects sales to increase next year – Calculated Risk

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(stepstone to Ohio governor?) Is Richard Cordray Using The CFPB For Political Gain? – by Phil Hall – … If one gazes at the U.S. through Cordray’s CFPB viewfinder, mortgage bankers are nothing more than mustache-twirling villains, and homeowners are helpless innocents in desperate need of rescuing by big ol’ Uncle Sam. All of this utter nonsense, obviously, but many politicians believe this brand of sawdust melodrama helps to build reputations and generate votes. … – MortgageOrb

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Using Automation To Avoid A Long-Haul Short Sale – by Scott Stoddard – MortgageOrb

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(4 points 3 charts) Some thoughts on household formationSober Look Blog – An interesting article was published in the NY Times today entitled “Bundled Households”. It discusses the fact that the younger generations live with their parents/relatives in larger numbers than in the past. Here are a few comments on the topic of household formation.
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