Millennials and Housing, Are Higher Rates Bad?, Obama Channels Bernanke, Finding Owner Occupied Buyers, Cheaper to Buy, Cat Urine House, It’s Mathematical, Ocwen’s Big Buy, Caroline Baum, Foreclosures Jump, Senior Home Equity, Under Paper, Scary Chart, CA Mania, Bill Gross Again, Young People Hit Hard, House Of Cards Documentary

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Will Millennials Change the Housing Landscape? – BY MIKE WHEATLEY – Millennials, or those aged between 18 and 35-years old, are showing markedly different preferences from older generations when it comes to housing, leading to fears that some Baby Boomers may face difficulty when it comes to selling their larger, suburban homes – Realty Biz News

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(not necessarily – lots of charts) Are Higher Mortgage Rates Bad For The Economy? – Todd Sullivan – Seeking Alpha 
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Obama Says Bernanke Has Stayed at Fed ‘Longer Than He Wanted’ – By Craig Torres & Rich Miller – … one of the clearest signals the central bank chief will leave when his current term expires next year. …  – Bloomberg 
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Will lenders and investors find owner-occupant buyers when they liquidate?OC Housing News 
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SORRY RENTERS: It’s Still Cheaper To Buy A House – JED KOLKO, TRULIA – Business Insider 
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Ocwen enters massive MSR agreement with OneWest Bank – By Christina Mlynski – Ocwen has agreed to purchases $78 billion in unpaid principal balance of MSRs and related servicing advance receivables … The aggregate purchase price will be $2.53 billion, with $46 million of the aggregate purchase price paid in respect of the MSRs and $2.1 billion to be paid in respect of the servicing advances. … – Housingwire 
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(cat urine?) CoreLogic chat shows short sale fraud evolving in unexpected ways – Posted by Brena Swanson – Housingwire 
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FHFA tells Congress principal reduction choice is mathematical – posted by Jacob Gaffney – Calls for widespread principal reductions from Fannie Mae and Freddie Mac are basically moral arguments. … In it’s fifth report to Congress, the FHFA explains that its approach is not one of morality, but of mathematics. Furthermore, it doesn’t even seem to help avoid foreclosure — a popular argument that is pro-principal reduction. …
“We concluded principal forgiveness results in a lower net present value than principal forbearance,” the text continues. … – Housingwire 
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(at least 8 reasons) New Home Prices Say What’s Different This Time – By Caroline Baum – Bloomberg 
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Foreclosures Jump as Banks Bet on Rising U.S. Home Prices – By Dan Levy & Heather Perlberg – Bloomberg 
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Senior Home Equity Rises Nearly $50 Billion in Q1 – by Jason Oliva – Reverse Mortgage Daily 
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It’s a Bad Deal to Be “Under Paper” – By John McDermott – … homeowners who are “under paper” and unable to close on a home sale or refi transaction. I am speaking of homeowners who have paid off a mortgage, or maybe two or three, but a mortgage satisfaction (aka mortgage discharge, aka mortgage release) has never been recorded in the public records. The mortgage(s) that were paid off still are a paper lien in the public records. How can this be? Unfortunately it happens all the time … – National Mortgage News 
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The Scariest Real Estate Chart In All The Land – Lou Basenese – Seeking Alpha

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The signs of real estate mania in California: San Francisco Parking Spot Sells for $82,000. Median California home price up 25 percent year-over-year. Welcome back interest only loans. – Dr. Housing Bubble 
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Which way for bonds? – Mapping a path forward – William H. GrossPIMCO Viewpoints 
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(young people hit hardest) Housing bubble: The “Wealth” is Gone, but the Debt Remains
by Bill McBride – From Floyd Norris at the NY Times: Despite Recovery, Younger Households Are Slower to Make Gains – Calculated Risk

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Fabian Calvo: Housing Market Rife With Risks And Opportunities: … Calvo recently produced a micro-documentary film, “House Of Cards, Real Estate’s Big Secret,” exposing the risks and opportunities hidden within the current housing market. In the film, he asserts that the Federal Reserve, large financial institutions, government agencies and the media have conspired to steadily drive home prices back up, creating a scenario that is similar to stock pump-and-dump schemes of the past. – interviewd by Phil Hall – MortgageOrb 
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