Senate on G-Fee Hikes, 75% Refi Decline, FHFA HP Chart, Short Sale Stigma, Inventory Famine, REO Securitization, GSE Dividends to UST, GSE Phase Out, Ben’s Credit Worries, 2 Calculators, Shiller Says Abnormal, Lender-Placed Insurance, Less Under-Water

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Senate Makes Future Hikes in G-Fees More Difficult – By Brian Collins – The Senate has passed a budget resolution along with an amendment that requires a 60-vote minimum before Congress can tap Fannie Mae and Freddie Mac for additional guarantee fees to pay for other government programs.National Mortgage News
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Get Ready for the Refi Bubble to Burst – All mortgage lenders should prepare themselves for a minimum decline in refinance activity of 75% and make sure their capital plan, liquidity plan and budget all reflect this, write Joe Garrett and Mike McAuley. – American Banker BankThink
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(commentary and great chart) FHFA Monthly Home Prices: January 2013Paper Economy – A US Real Estate Bubble Blog 
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Short sale stigma alive and well, study finds – By Paul Owers – Sun Sentinel 
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(inventory feast to famine) Redfin: Prices Up, Sales Sluggish as Buyers Go to War – TORY BARRINGER – … While prices rose, Redfin noted relatively little movement in sales—surprising, considering the jump in home tours and offers observed at the year’s start. … – The M Report 
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Rialto brings REO securitization to market – By Jacob Gaffney – … Railto will pay investors on recoveries on interest due. However, payment may be delayed up to one year if these recoveries are insufficient. “The transaction is structured as a liquidation vehicle that monetizes recoveries from the assets to pay the rated notes,” said the Kroll presale report, which expects to rate the deal BBB-. … – Housingwire

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FHFA dividend fix may provide GSE payback solution – By Christina Mlynski – … Thus, the 2013 amendment means the government-sponsored enterprises may pay more to the Treasury than under the previous 10% dividend as long as they have positive net worth. “The replacement of the 10% dividend with the sweep of quarterly net worth may result in more money being returned to Treasury and hence to taxpayers,” the white paper reported. …Housingwire

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(has a phase-out plan) Fannie and Freddie Must Go – William M. Isaac and Richard M. KovacevichAmerican Banker Bankthink

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Bernanke: Fed worries about tight lending standards – By Kerri Ann Panchuk – The Federal Reserve worries the tightening of mortgage credit has gone too far and is now working on policies to ease lending fears, Fed Chairman Ben Bernanke said Wednesday.  … Bernanke told reporters the Fed is seeing “much higher credit-quality requirements” from potential borrowers. Yet, he worries any concerns over “put-backs that banks may have — and uncertainties about regulation — have tightened the mortgage credit box more than desirable.” … – Housingwire 
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(links to 2 calculators) New math for old mortgages – By Linda Stern – (Reuters) – Wouldn’t it be great if you could simply refinance your own high-interest mortgage, without going through a bank or paying closing costs? In a way, you can, says Keith Gumbinger of HSH.com, a Riverdale, New Jersey, mortgage research firm. His theory is that you can lower your effective interest rate by pre-paying the loan 
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Shiller: Housing Market Is ‘Very Abnormal’ – by MortgageOrb.com – … In an interview with the Daily Ticker, Robert Shiller, co-creator of the S&P/Case-Shiller Index and a professor of economics and finance at Yale University, expresses concern that the housing market “is becoming more of a speculative asset.” He stresses that housing remains “very abnormal” because the federal government underwrites the majority of new mortgages, and he warns that a rapid recovery is not in the foreseeable future. …
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(lots here) Putting Lender-Placed Insurance In The National Spotlight – by Phil Hall – MortgageOrb
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Underwater Borrowers Regain Equity as Home Prices Rise – BY MIKE WHEATLEY – Underwater homeowners have been given a tremendous boost by rising home prices over the last 12 months, with more than 1.7 million borrowers regaining equity by the end of 2012. This means that there are now 38.1 million homeowners with equity in the US, according to the latest report from CoreLogic.Realty Biz News

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