FHA Must Read, Two Harbors and Silver Bay, HARP Boom Continues, Less Negative Equity, Gretchen on FHA, Best and Worst Housing Markets, FHA Tutorial, Why Work?, Reverse Mortgage Hard Place, Investor Buyers, MBS Dealers Front Run Fed

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(must read the part about FHA) Housing, Fiscal C. & Dennis G. – David Kotok – Cumberland Advisors 
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(6 points on housing) Obama, The Fiscal Cliff And The Federal Housing Policy Crisis – by Phil Hall – MortgageOrb 
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(rentals) Two Harbors makes deal with Silver Bay Realty Trust – Posted by cmlynski – Housingwire 
and
Silver Bay Realty Trust Announces Launch of IPOForbes

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FHFA: HARP Refinance Boom Continued in September – by Bill McBride – … In September, half of the loans refinanced through HARP had loan-to-value (LTV) ratios greater than 105 percent and one-fourth had LTVs greater than 125 percent. … HARP refinances in September represented 45 percent of total refinances in states hard hit by the housing downturn–Nevada, Arizona, Florida and Georgia–compared with 21 percent of total refinances nationwide … – Calculated Risk 
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Rising Prices Could Lift 3.5M Homeowners Out of Negative Equity – BY: KRISTA FRANKS BROCK – DS News 
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(worth your time) Is This Why Americans Have Lost The Drive To “Earn” More – Submitted by Tyler Durden – Zero Hedge 
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In an F.H.A. Checkup, a Startling Number – By GRETCHEN MORGENSON – … The F.H.A. also predicts that the years ahead will bring fewer losses because the larger loans that it began insuring in 2008 are better performers. The agency insures loans of up to $729,750, well above the $417,000 cap on mortgages guaranteed or bought by Fannie Mae and Freddie Mac. Whether these loans continue to perform well is another question, given that many are not yet seasoned. … –  NY Times 
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(tutorial) What You Need to Know about the FHA Mortgage – Brian Soco  – Realty Biz News

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The 15 Worst Housing Markets For The Next Five Years – Mamta Badkar – Business Insider

and
The 15 Best Housing Markets For The Next Five Years – Mamta Badkar – Business Insider

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(no easy answers) HUD Between a Rock and A Reverse Mortgage Hard Place – by Elizabeth Ecker – Reverse Mortgage Daily
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Investors Are Looking to Buy Homes by the Thousands – By MOTOKO RICH – … Scribbling on a clipboard, he noted the dated bathroom vanities, the tatty family room carpet and a hole in a bedroom wall. Twenty minutes later, he plugged these details into a program on his iPad, choosing from drop-down menus to indicate the house had dual pane windows and that the kitchen appliances needed replacing. The software calculated that it would take $25,413.53 to get the home in rental shape. Mr. Hladik adjusted that estimate down to $18,400 because he deemed the landscaping in good shape. He uploaded his report to Waypoint’s database, …  – The New York Times

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Dealer MBS positions hit record levels; Volcker Rule creates market distortions –  … This ultimately hurts middle market companies, as US legislators seem to prefer to see the dealers front run the Fed on MBS rather than holding middle market corporate bonds. Of course private equity firms are loving this …  – Sober Look Blog  
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