Phil Hall on Mel Watt, Fun with Wine, Shared Appreciation, Mortgage Tax Deduction, Rich Dodge Foreclosure, Rentals vs Ownership, Bubble Symmetry, Bye Bernanke, Home Prices in Gold, Japan Housing and QE, Lotteries are Back, Pre Bubble Growth, About Mel Watt

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Phil Hall has been sighted: Mel Watt: The Wrong Man For The FHFA Job – BY PHIL HALL – Progress in Lending

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Fun – nothing to do with mortgages: NO NEED FOR A CORKSCREW – How do you open a bottle of wine without a corkscrew? Well, it’s actually simple. You just need your shoe and a hard surface. No, really. This works. – hattip Kim Komando 
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(details) Snowball effect: Shared appreciation bill fuels FHFA nomination – By Christina Mlynski – Housingwire 
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Pew: Impact of Mortgage Interest Tax Deduction Varies Geographically – BY: KRISTA FRANKS BROCK – DS News 
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How luxury homeowners dodge foreclosure – Owners of high-end properties who fall into financial trouble have more options than others. – By AnnaMaria Andriotis of MarketWatch – MSN.com 

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Large down payments provide stability to the housing marketOC Housing News 
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(rentals mentioned) U.S. Homeownership Rate Falls to Lowest Since 1995 – By Prashant Gopal & John Gittelsohn – … was 65 percent in the first quarter, down from 65.4 percent a year earlier and the lowest level since the third quarter of 1995, the Census Bureau reported … – Bloomberg 
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Bubble Symmetry and Housing – Charles Hugh Smith – If bubbles eventually revert to their starting level, Phase 3–capitulation and a return to pre-bubble prices–still lies head for the housing market. – Of Two Minds 
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Is Bernanke Preparing to Jump Ship? – Submitted by Phoenix Capital Research – … Ben Bernanke has announced he won’t be attending this year’s Jackson Hole meeting. A Jackson Hole meeting without the Fed Chairman is like having a performance of Hamlet without Hamlet himself in it. … – Zero Hedge 
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Home prices in gold ounces chartChart of the Day 
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The drawn out impact of quantitative easing on real estate: Japanese real estate continues to struggle while Bank of Japan expands monetary base. Federal Reserve and Americans style quantitative easing.Dr. Housing Bubble – … Housing prices have moved up because of three major reasons; investor demand, low supply, and historically low interest rates.  Each one of these reasons can be traced to the Fed either directly or indirectly.  Can an aggressive central bank with a low rate environment re-inflate asset prices? …
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Here We Go Again – Builders Hold Lotteries for Right to Buy a House – Mike Shedlock –
MISH’S Global Economic Trend Analysis 
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Home Prices Growing At Pre-Bubble Rates On Bernanke Boost, But Big Shadow Inventory Lurks
– Agustino Fontevecchia, Forbes 
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(DeMarco replacement) Obama Said to Choose Watt to Lead Fannie Mae Regulator – By Cheyenne Hopkins & Clea Benson – Housing industry officials expect President Barack Obama to nominate Representative Mel Watt, a Democrat from North Carolina, as director of the federal Housing Finance Agency as early as today, according to three people briefed on the matter. – Bloomberg

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