MEW Less Negative, Eastern European Buyers, Home Equity Loan Update, Nirvana for Housing, Housing subsidies, Freddie DQs Decline, Hardest Hit Fund Problems, Go to College, Investor House Party, Reverse Mortgage Loan Cap, Trulia – Zillow – Redfin

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Q4 2012: Mortgage Equity Withdrawal less negative – by Bill McBride – Calculated Risk – hint of consumers borrowing rise?

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Eastern European Buyers Rushing to Purchase U.S. Vacation Homes – (lots of data)  – An increasing number of wealthy Eastern European homebuyers are looking for crisis-induced U.S. real estate opportunities. – By Amilda Dymi – And all eyes are on Manhattan and Miami, according to an insider, because these two markets are seen as the embodiment of the universal “location, location, location” mantra of real estate. – National Mortgage News

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RMD Report: Tides Turn on Home Equity Attitudes -By Elizabeth Ecker – Reverse Mortgage Daily 
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Zelman: “Nirvana for housing” – by Bill McBride – Analyst Ivy Zelman was one of the few to correctly call both the top and bottom for housing (Tom Lawler and your humble blogger were also correct). Today, on CNBC, Zelman made several very positive comments on housing: “I think we are in Nirvana for housing.” “I’m probably the most bullish I’ve ever been fundamentally [on housing], and I’m dating myself, but I’ve been around for over 20 years and I’ve seen a lot of ups and downs”. [We are in] “the first or second inning of the fundamental recovery that could be five to ten years in duration …” “I think home prices could go up for four to six years in duration …”  – Calculated Risk 
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Peter Schiff And The Coming Housing Collapse: The Fed, Instead Of Lehman, Owns The Mortgage Market – Agustino Fontevecchia – … The day of reckoning will come when the Fed starts to tighten, according to Schiff. … Bernanke has made it clear they will telegraph the move to the market, but Schiff believes telling others they will sell “is the worst thing they can do [as] everyone will try to front-run the Fed.” … – Forbes
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If the housing market is doing so well, then why all the subsidies? – (FHA, Mortgage Interest Tax Deduction, Quantitative Easing and the Zero Interest Rate Policy (ZIRP), Freddie Mac and Fannie Mae) –  OC Housing News 
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Freddie Mac Mortgage Serious Delinquency rate declined in January, Lowest since mid-2009 – by Bill McBride – Calculated Risk 
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(big article – Hardest Hit Fund problems)  Tax Dollars Are Paying Florida Mortgages for Felons, Debtors – By SUSAN TAYLOR MARTIN – Tampa Bay Times – NewsChief.com 
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(must see chart) Check Out The Difference In Unemployment Between Those Who Went To College And Those Who Didn’t – Joe Weisenthal – Business Insider
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A House Party? Maybe Yes, Maybe No – By Brian Collins and Mark Fogarty – … Investors have been a major force in the housing recovery—buying REO for cash and turning the single-family homes into rentals. Investors account for roughly 20% of existing home sales and private equity firms have gotten into the act over the past two years. But economists at Wells Fargo Securities have noticed that the supply of “preferable distressed properties” is running thin and there could be pullback coming. The “tell” is that some investors are purchasing homes directly from builders. … – more – National Mortgage News 
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House Continuing Resolution Suspends Reverse Mortgage Loan Cap – by Elizabeth Ecker – … would be suspended once again, this time through September 30—or the current fiscal year. The cap, currently set at 275,000 loans, but which has been suspended many times over the course of the past five years through congressional appropriations and continuing resolutions, falls under a proposed resolution working its way through Congress. … – Reverse Mortgage Daily 
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(great history) Why Redfin, Zillow, and Trulia Haven’t Killed Off Real Estate Brokers – By Brad Stone – Bloomberg Businessweek

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