Guidelines Ease, FNMA Profits, Purchase Market, Zombie FCs, NY FCs, Fitch on Mods, Cash-out Refis, Rental Yelds, Everbank Jumbo Deals, Winter HP Gain, Housing Recovery, Servicing Transfers, Best in 7 Years

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(guidelines ease and FHA MIPs rise) No cash? No worries. Home lenders ease up rules – Diana Olick – CNBC – Yahoo Homes 
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Fannie Mae Profits Complicate U.S. Housing-Finance Overhaul – By Clea Benson – Bloomberg 
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How Loan Officers Should View Today’s Purchase Market – by John Walsh – Based on interviews with loan officers and conversations with industry leaders, a trend is beginning to emerge – a trend showing that high quality loan officers with portfolios of referral-based business are seriously considering moving from large banking institutions to nimbler mortgage banks that are better able to service their clients and referral partners. – MortgageOrb

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Zombie foreclosures: 300,000 ‘undead’ properties stalk ex-owners – By Barbara Liston  – Zombie foreclosure: (noun) A home whose owner has abandoned the property but which the bank never finished foreclosing upon, leaving the owner legally and financially responsible for the decaying building. – CS Monitor

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New York’s Inventory Of Foreclosed Homes Spiked In Q1 – Mamta Badkar – … New York posted a nearly 130 percent year-over-year surge in foreclosure inventory in the first quarter, according to RealtyTrac’s latest report. This compares with a nine percent rise in overall U.S. foreclosure inventory. The rise has been attributed in part to New York’s judicial foreclosure process …Business Insider 
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Fitch: Modified Mortgages Still Pose Credit Risks for U.S. BanksReuters

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(cash-out refis are back) Bubble-era home-equity strategies are back – More wealthy owners are using home loans to play the stock market – By AnnaMaria Andriotis  – Wealthy homeowners are increasingly asking their houses to earn their keep – MarketWatch

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Shrinking Rental Yields to Drive Out Investors, but Not This Year – BY: ESTHER CHO – Lower rental yields might cause investors to lose interest in the housing market, but according to Capital Economics, that scenario is unlikely to play out this year. – DS News

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EXCLUSIVE: EverBank takes flight as regular ‘jumbo’ loan RMBS issuer – By Christina Mlynski – Housingwire
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Report: Prices Post First Winter Quarterly Gain in 7 Years – BY: ESTHER CHO – For the first time since 2006, national home prices survived winter without experiencing a quarterly decline, according to Clear Capital’s market report for March. – DS News

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Is the Housing Recovery ‘Artificial’? Does It Matter? – BY: KRISTA FRANKS BROCK     – It’s no secret investor demand is playing a large part in the current housing recovery as cash buyers contribute to close to one-third of home sales. The question on the minds of many is whether the market is experiencing an “artificial” recovery and whether it will last. – DS News 
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Transferring the Servicing of RMBS Portfolios Improves Long-Term Performance – More active management by acquiring servicers drives success – By Opera Solutions, LLC – press release at Sacramento Bee 
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Q1 Home Prices Strongest in 7 Years + 2013 ForecastClear Capital Home Data Index™ April 2013 Market Report 
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