MISH on HAMP, Hoisington Sees Lower Rates, Gorilla Flippers, 4 Dodd-Frank Suggestions, Negative Equity, Watch These 2, QE Ineffective?, Richest 200, Dodd Frank More, Optimal Blue on QM, Mel Watt, GSEs Less Popular

mnc-bc-fay2

email signup          RSS News Signup          Fay Servicing          BC’s profile

———

Obama’s HAMP Program a Stunning Success – Mike Shedlock – Obama had lofty goals of helping 4 million Americans keep their homes with his Home Affordable Mortgage Program (HAMP). – MISH’S Global Economic Trend Analysis   
————
Hoisington: The Case for Lower Long Term Rates – Posted by Larry Doyle – Sense on Cents

————

Gorilla Flips Homes as Rebound Revives Rapid Trades: Mortgages – By Heather Perlberg – John Helmick loves to buy homes reeking of cat urine and doesn’t mind if they’re infested with rats, bats or bees. His seven-year-old Gorilla Capital seeks out some of the most distressed properties to avoid competition and get the best deals, then sells them 60 to 120 days later after major renovations for an average 13 percent return. – Bloomberg

————
If Dodd-Frank doesn’t work, here are four things that could – By Mike Konczal – Washington Post 
————
A shifting of the real estate tides: Does negative equity matter? The case is being made for a Q1 bottom in housing inventory.Dr. Housing Bubble – There has been a distinct momentum shift that has come from two major events in the mortgage markets.  The first had to do with FHA insured loans becoming incredibly expensive … The second larger event has to do with the Fed hinting at a QE taper which sent the mortgage markets into a tizzy.  …  lots more
————
(2 things) If You’re Worried About The Housing Recovery, Here’s What You Need To Watch – JOE WEISENTHAL – Business Insider 
————
(2 charts) QE ineffectiveness is playing out on banks’ balance sheetsSober Look BlogCash holdings are an increasingly large component of US commercial banks’ balance sheets. This demonstrates the fact that thus far the Fed’s monetary expansion is not producing the “optimal” result. Banks are not growing the non-cash portion of their balance sheets fast enough to offset these rising reserves. A more optimal policy would be able to take that into account.
————
The New (Ab)normal: When 200 People Have More Wealth Than 3,500,000,000 – Submitted by Tyler Durden – Zero Hedge 
————
Dodd-Frank regulations would fill 28 copies of ‘War and Peace’ – By Peter Schroeder – The Hill
————
As Dodd-Frank turns 3, it remains a work in progress – by Danielle Douglas – Washington Post 
————
mentioned in Rob Chrisman newsletter: … what constitutes the QM 3% cap of borrowers. In response, I heard from Optimal Blue’s Tammy Butler … ” Here is a link to the Optimal Blue 3% QM write up

————
FHFA head nominee presents hurdles for investors – By Christina Mlynski – Houswingwire

————
(52% unfavorable) Americans Sour on GSEs, Unsure on Wall Street Regulation – BY: TORY BARRINGER – A survey conducted for the American Action Forum (AAF) shows the majority of American voters view Fannie Mae and Freddie Mac unfavorably and would support phasing out the mortgage giants. – The M Report 
————

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s