Frank Pallotta, Katy Perry, FLA on Fire, Bipartisan GSE Reform, Rates 7 Month High, FNMA Delays, FC Headwinds, Zillow Forecast Up, On the FHA, Blackstone Rental Loan, Peter Schiff, Choosing Lease to Own, Spying on You, Josh Rosner, CA Exodus Chart


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from Frank Pallotta: Focus on Easy Refis Leaves Harp’s Potential Unfulfilled – by Frank T. Pallotta – American Banker BankThink 
KATY PERRY – I Can’t Unload This Damn House!

The Florida Housing Market Is On Fire – Sam Ro    – Business Insider

1.Land Prices are rising rapidly.
2 .Home Prices are rising rapidly.
3 .The Active Adult market is back.
4.Foreign buyers are helping the market.
5. Foreclosures are declining.

Senators Warren, Corker reach across the aisle on GSE reform – By Kerri Ann Panchuk – Four Senators are crossing party lines to propose a GSE reform bill that, if passed, would prevent the government from using guarantee-fee hikes at Fannie Mae and Freddie Mac to cover other spending initiatives. – Housingwire 
Mortgage rates rise to 7-month high – By Samantha Bomkamp – Chicago Tribune

Fannie Mae Delays 2012 Earnings Report, Expects to Post Profit – By Clea Benson – Fannie Mae will miss a March 18 deadline for reporting its earnings for the fourth quarter of 2012 while it analyzes how to handle some deferred tax assets, the company told the U.S. Securities and Exchange Commission. Fannie Mae (FMCC) expects to report “significant net income” for both the last quarter of 2012 and the full year, the company said in the SEC filing today – Bloomberg 
Headwind to Housing Recovery? Foreclosures Flare-Up Again – By: Diana Olick – … according to a new report from RealtyTrac, … Bank repossessions, the final stage of the foreclosure process are down 29 percent from a year ago, but foreclosure starts, which are the first stage of the process, jumped 10 percent in February from the previous month. This after falling for three consecutive months. – CNBC Real Estate Reporter
Zillow forecasts Case-Shiller House Price index to increase 8.0% Year-over-year for January – by Bill McBride – The Case-Shiller house price indexes for January will be released Tuesday, March 26th. Zillow has started forecasting the Case-Shiller almost a month early – and I like to check the Zillow forecasts since they have been pretty close. – Calculated Risk 
The FHA Glass: Half Full, Half Empty Or Broken? – Is the agency in need of a bailout, or are reports of its near-death greatly exaggerated? – By Nora Caley – MortgageOrb

Blackstone Said to Get $2.1 Billion Loan for Home Purchases – By John Gittelsohn – Blackstone Group LP (BX), manager of the largest real estate private-equity fund, has expanded a credit line to buy single-family homes to $2.1 billion from $600 million, according to a person with knowledge of the deal.Bloomberg 
Peter Schiff And The Coming Housing Collapse: The Fed, Instead Of Lehman, Owns The Mortgage Market – Agustino Fontevecchia – Forbes

Prospective Buyers Will Lease-to-Own When Given the Option – Pete Reeb – At RSI’s The New House community in Beaumont, CA (Riverside-San Bernardino MSA), future residents can choose to:
Buy for $1,576 per month
Rent for $1,700 per month
Lease-to-Own for $2,015 per month
More than 30% of customers are choosing the lease-to-own option.
John Burns RE Consulting
(if you do not know the definition of sheeple, ask me) EXCLUSIVE – U.S. to let spy agencies scour Americans’ finances – By Emily Flitter and Stella Dawson and Mark Hosenball – Reuters 
Graham Fisher Sees Parallels to Fannie Mae in JPMorgan – By Dawn Kopecki – Joshua Rosner, co-author of a book detailing Fannie Mae’s role in the housing crisis, said he sees parallels between the failed mortgage-finance giant and the strategies JPMorgan Chase & Co. (JPM) uses to win government and investor confidence. – Bloomberg


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