FNMA Profit, DataQuick House Prices, Housing Recovery Charts, Compliance Costs, FHA Watch, Deflating Bond Bubble, DQs and Mods, Borrower Entitlements, China Housing Bubble, Chicagoland Interactive Map

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Fannie Mae posts largest annual gain with $17.2 billion profit – By Christina Mlynski – Mortgage giant Fannie Mae reported net income of $17.2 billion for 2012, compared to a net loss of $16.9 billion a year earlier, as a result of establishing a healthy mortgage book of business – Housingwire
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DataQuick Notes Market Improvements in February, Predicts Slowdown – BY: ESTHER CHO – … The monthly report assesses the nation’s largest 42 counties and measures growth on a monthly, quarterly, and yearly basis. For February, the data and analytics company found home prices grew in 34 of the 42 counties on a monthly and quarterly basis. Over a one-year period, prices moved in a positive direction in 35 of the counties. … – The M Report

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(2 important charts) Spot The Housing Recovery – Submitted by Tyler Durden – The housing recovery was described by one muppet on CNBC yesterday as ‘parabolic’ so we decided to go in search of this mystical anecdotal surge that is so often heard on the airwaves of the preachers. It turns out, the recovery (if that’s what you want to call it) is not so much. – Zero Hedge 
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(hidden costs) Ellie Mae Releases White Paper on Hidden Costs of Compliance – BY: TORY BARRINGER – … With origination costs on the rise (Ellie Mae cited data from the Mortgage Bankers Association showing the average cost of origination climbing from $2,291 in 2008 to $3,353 in Q3 2012) and more than 350 federal, state, and local laws governing loans, the cost of doing business the right way is a major concern for those companies trying to turn a profit. …The M Report 
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FHA Watch (6 articles total) FHA Watch Vol. 2, No. 3 – Edward J. Pinto – Veterans Affairs (VA) charges one-third the premium of the Federal Housing Administration (FHA) on a present-value basis and experiences a loss rate that is 20 percent of the FHA’s.

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(QE unwind?) Will the deflating bond bubble cause housing to crash again?OC Housing News

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Delinquent Loans Rolling into Foreclosure Inventory after Settlement – BY: ESTHER CHO – DS News 
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Successful loan modifications require increasing borrower entitlementsOC Housing News

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Freddie Mac and Fannie Mae: Too little, too late for struggling borrowers? – By Nin-Hai Tseng – Lending giants Freddie Mac and Fannie Mae are swooping to the rescue just as the housing market turns the corner. – Fortune.com  
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Beijing Curbs Second Home Buying as China Cools Property Market – … The city will also enforce a 20 percent tax on capital gains from property, it said. Current rules allow each household with a Beijing residence permit to buy a second home, opening the way for couples to divorce on paper to double their ability to invest. … – By Bloomberg News

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(Chicagoland interactive map) Where have most people paid off their mortgages? – By David Lee Matthews – Crain’s Chicago Business

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