Bipartisan Plan, Fraud, Stevens Speech, Landlord Backing Quitting QE, EU Statistics, Wells, FHA – HUD Remake, Lack of Inventory, Relo Surge Ahead, Housing and Inflation, Desire to Own

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Bipartisan Policy Center Releases Housing Finance Reform Plan – by MortgageOrb.com … released a new plan that calls for the scaling back of the government’s role in the housing finance system and reforming housing assistance programs. … calls for an expanded role for the private sector, a continued but limited role for the federal government, the elimination of Fannie Mae and Freddie Mac, and reform of the Federal Housing Administration to improve efficiency and avoid crowd-out of private capital. …

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(realtor shills) Manager at Vancouver real estate firm resigns after employees posed as house-hunters – ANDREA WOO – Vancouver — The Globe and Mail

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Remarks by MBA’s President and CEO David Stevens at MBA’s National Servicing Conference & Expo – Real Estate Rama

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Greuel trumpets endorsement by landlord group – Tenants’ advocates fear landlord backing might lead Greuel, if elected, to weaken renter protections. L.A. mayoral candidate Wendy Greuel has gained the endorsement of the Apartment Assn. of Greater Los Angeles. – By Michael Finnegan, Los Angeles Times 
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(Like quitting heroin? – 3 charts) The Fed to face challenges as it ultimately exits the unprecedented monetary (QE) expansionSober Look Blog
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EU Doesn’t Like Its Forecasts, So It Removes Them From Its Site – Michael Shedlock – With thanks to Yogi Berra, making predictions is hard, especially about the future. And with constantly revised forecasts for the EU, the European Commission decides the safe safe thing to do is Eliminate Forecasts for 2015.  – MISH’S Global Economic Trend Analysis

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More than 70,000 Wells Fargo Customers Helped through National Mortgage Settlement Programs – Company has fulfilled an estimated 73.5 percent of its $4.3 billion consumer relief and refinance commitment – BusinessWire 
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Raising FHA’s Game – Take the Federal Housing Administration out of HUD and put it under a commission, writes Clifford Rossi. A self-funded, independent government corporation would be a major step toward comprehensive housing finance reform, he argues. Never Mind CFPB, It’s OCC and FHFA That Need Commissions – American Banker BankThink

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(RealTrac says) Lack of Inventory, Not Shadow Inventory, Is the Real Concern – BY: ESTHER CHO – DS News 
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Firm Predicts Job Relocation Surge from Former Underwater Borrowers – BY: ESTHER CHO – Challenger, Gray & Christmas, Inc., a nationwide outplacement firm, is predicting a relocation surge in 2013 by job-seeking homeowners who are finally able to list their properties. – DS News 
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(6 examples) Housing Is Fueling Inflation – by Markos Kaminis – Seeking Alpha

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Survey unveils families desire to rent versus ownHousingwire – … As for now, they are content to rent and at least 80% of single-family home renters think their property management is good or exceptional, according to a survey of renters by Opinion Research Corporation for Premier Property Management Group. … 
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