Atlanta-NY-Chicago, Unpunished, Price to Rent, Miami Booms. Settlement and Short Sales, Buy mREITs, Aging in Suburbs, Repurchase Demands, Bernanke Reflates, Non-Agency Mod Defaults, FICOs Rise, Housing Boosts GDP, FHA Dilemma

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Why Atlanta, New York, and Chicago are poised to drive a housing recovery – Posted by Neil Irwin – Washington Post 
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Justice in America: Systematic Document Forgery and Fabrication Yields One Criminal Plea BargainNaked Capitalism 
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WaPo: Price-to-rent ratio for Certain Cities – by Bill McBride – .. This graph shows the price-to-rent ratio of Case-Shiller and OER for Denver, Portland and San Diego (cities Irwin didn’t include). … – Calculated Risk

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Miami Booms Like Never Before on Rental Demand: Mortgage – By Nadja Brandt – Bloomberg

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Most aid from mortgage settlement in state going to short sales – By Alejandro Lazo and E. Scott Reckard, Los Angeles Times – In California, little of the relief from Bank of America, JP Morgan Chase and Wells Fargo has gone toward principal reduction to help families keep their homes.   
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It Is Time To Start Accumulating Agency Mortgage REITs – Zvi Bar – Seeking Alpha

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AARP: Most Americans Will Age in Suburbs – by Elizabeth Ecker – Reverse Mortgage Daily

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(gives 8 reasons Why A Repurchase Or Indemnification Demand May Be Unjustified) – Loan Originators Be Warned: Not All Errors Justify Buyback Demands – BY PHILIP R. STEIN – Mortgage Crisis Watch Blog 
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Bernanke pledges to do what he can to reflate the housing bubbleOC Housing News

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(Non-agency) Modified-Mortgage Defaults Soar 24% in Looming Housing Challenge – By Jody Shenn – (Bloomberg) — New delinquencies on reworked mortgages held by bonds without government backing jumped in September, a sign that some of the fuel for housing’s recovery isn’t sustainable, according to JPMorgan Chase & Co. – has stats – Bloomberg Businessweek 
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Average FICO score getting higher for approved mortgages – Posted by kpanchuk – … the average FICO score on closed, first-lien loans hit 750 in October, which is up from 741 last August, Ellie Mae said. … Furthermore, the credit score on denied applications also rose from a year ago, suggesting credit standards actually tightened during the same period. The average FICO on denied applications hit 706 in October of 2012, … On denied applications, the average LTV hit 87 in October, up from 82 in August of 2011. … – Housingwire 
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(chart) The Homebuilder Confidence Jump Is Foreshadowing A Huge Boost To GDPBusiness Insider 
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The FHA Dilemma: Just Another Brick In The Window? – by Phil Hall – … continued silence over the blatant reality that federal housing finance policy has degenerated into a complete and total shambles. In the four years since the 2008 economic crash, the FHA has been pushed beyond the fraying point to handle a depth and scope of responsibility that is far exceeds what the agency was designed to accommodate. This has been unfair to the FHA staff – they have done an extraordinary job under atrocious circumstances … – MortgageOrb

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