Tax Lien Securitization, Opportunistic Retention, McBride on Housing,NY Post Opinion, NJ foreclosures, CA Home Price Rally, Pay Your Fair Share, Radar Logic, Home Ownership Poll, Rentals Bet, Fitch Says Unsustainable, Student Loan Debt


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(details) First National securitizes property tax liens – By Jacob Gaffney – First National Holdings, a purchaser and servicer of delinquent property tax liens, developed a novel way to increase liquidity. The company pooled delinquent property tax liens, primarily in Cook County, into an asset-backed securitization.Housingwire  
(“opportunistic retention” ) A Sunny Day for Servicing Execs – by Ted Cornwell – National Mortgage News
(always thoughtful) Housing: Some thoughts on Investor Buying, Inventory and recent Price Increases – by Bill McBride – Calculated Risk 
Home A-loan 2NY Post OpinionWill Team Obama ever learn? The Washington Post reports that the administration is “engaged in a broad push to make more home loans available to people with weaker credit,” and it’s leaning on banks to approve subprime mortgages — reviving the practice that sank the economy in 2007.

Opinion: N.J.’s high foreclosure rate shows housing market has been slow to recover – By Troy Singleton –

Long live the rally in California home prices: How much momentum does the current real estate run have? A market where heartfelt letters are required begging sellers to offer you a Great Depression built home for an outrageous price.Dr. Housing Bubble
Graph Shows Who Is And Who Isn’t Paying Their Fair Share of Taxes – Mike Shedlock – MISH’S Global Economic Trend Analysis

(has list) Radar Logic: Best Markets for Single-Family Rental Investors – BY: ESTHER CHO – DS News 
Gallup Poll: 81% of Americans Either Own or Plan to Within 10 Years – BY: ESTHER CHO – DS News 
(sustainable?) Wall Street betting billions on single-family homes in distressed markets – By Michael A. Fletcher, Washington Post – … Real estate executives say institutional investors — who in some cases are bidding on hundreds of homes a day — account for as much as 70 percent of sales in some Florida markets. Over the past two years, analysts say, they also have accounted for a majority of purchases in other parts of the country where housing prices are rebounding sharply. …

Fitch Reasserts: Price Gains Unsustainable – BY: KRISTA FRANKS BROCK – While some might be rejoicing at the recent rising home prices and rising home sales seen across the nation, Fitch Ratings still views these gains cautiously.” In fact, the agency predicts price gains will slow and perhaps even reverse over the next year – The M Report 
A race against time: Student loan debt stalls first-time homebuyers – By Kerri Ann Panchuk – The American culture has undergone a seismic shift with today’s thirty-year-old less likely to take out a mortgage if they already hold student loan debt. A new study from the Federal Reserve Bank of New YorkHousingwire



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