Bill Gross Calls Rate Bottom, Mortgage Contingencies, Servicing, HO Declines, Atlanta Buyers, Underwriting Demands, NY AG New Enforcement, Rating Agencies & Mortgages, Chris Sorensen Profile, Best in 6 Years, Brian Chappelle on FHA, Mel Watt, New Loans Low Delinquencies

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TIMESTAMP: Bill Gross Calls The Moment The Great Bond Bull Market Ended – Matthew Boesler    – PIMCO bond investing legend Bill Gross has called the end of the 30-year secular bull market in bonds in a tweet this morning. Gross: The secular 30-yr bull market in bonds likely ended 4/29/2013.Business Insider 

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(seller’s market = mortgage contingencies gone) When a High Bid Isn’t Enough – The New York Times – By LISA PREVOST – In a housing market starved for inventory, buyers are stepping over one another to bid on desirable properties. But a high bid may not be enough — sellers are also seeking offers without mortgage contingencies. – NY Times

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What Every Servicer Is Going to Need to KnowNational Mortgage News  – When you speak to servicers nowadays, the number one concern many companies are battling right now is complying with new industry regulations. 
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(no surprise) Tight Lending, Foreclosures to Prompt Homeownership Declines – BY: KRISTA FRANKS BROCK – With the homeownership rate already at its lowest point since 1995, Capital Economics predicts further decline before a rebound occurs. – DS News

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Institutional Investor Trends in Atlanta and Their Impact on Housing – BY: ESTHER CHO – In a recent report, Radar Logic closely examined purchase trends and patterns from institutional investors in the Atlanta area. Among its findings, the research firm found investors have been targeting a different cross-section of homes compared to traditional buyers – DS News 
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Loan underwriters make ‘absurd’ demands in effort to verify data – By Lew Sichelman – People trying to get mortgages should be ready for anything. One borrower out of school for several years was asked to produce his high school transcript.LA Times 
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N.Y. Plans Homeowner Enforcement Against Financial Firms – By David McLaughlin – New York Attorney General Eric Schneiderman said he will announce new enforcement actions against major financial institutions as part of his effort to “protect New York homeowners” after calling the first such lawsuit last year a “template” for future litigation. – Bloomberg 
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Rating Firms Hold Back Mortgage-Bond Revival, Credit Suisse Says – By Jody Shenn – (Bloomberg) – Credit-rating companies damaged the revival in sales of U.S. home-loan bonds without government backing by issuing reports questioning a potential loosening of the debt’s contract terms, according to Peter Sack, a managing director at Credit Suisse Group AG.

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LPS: New Problem Loans at Lowest Rate in 6 Years; Negative Equity Drops – by Bill McBride – Calculated Risk 
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Phil Hall runs his own website called Business-Superstar and just published this profile of Chris Sorensen, executive director of the Homeonwer Education Learning Program. Take a look:

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This Is No Time to Reduce FHA’s Market Share – Brian Chappelle – American Banker BankThink

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What would Watt do as the new head of the GSEs?OC Housing News – … So what will Representative Mel Watt do if he is put in charge of the GSEs? Will he make it a den of thieves by reducing principal on mortgages for constituents on the political left? Will he overthrow the tables of the moneychangers and shut down the GSEs? The only thing we can tell from his public statements is that he plans to keep everyone in the dark until he gets the job. … 
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Fewer than 1% of new loans troubled – By Kerri Ann Panchuk – … Borrowers who are 50% underwater, or carrying LTVs of 150% or higher, default at a rate that is five times the national average, while those with equity outperform the national average exhibiting a problem loan rate of just 0.6%—on par with pre-crisis levels.  … – Housingwire

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2 thoughts on “Bill Gross Calls Rate Bottom, Mortgage Contingencies, Servicing, HO Declines, Atlanta Buyers, Underwriting Demands, NY AG New Enforcement, Rating Agencies & Mortgages, Chris Sorensen Profile, Best in 6 Years, Brian Chappelle on FHA, Mel Watt, New Loans Low Delinquencies

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