Mortgage Revenues, Monthly Home Payments, Annaly Worst Over?, Buying in Chicago, Lending Standards Tighten, Subprime Rises, Moodys Hates Eminent Domain, 244 Metros Better Off, Phil Hall on Larry Summers, Miami-Dade Up, Big DQs Drop, Trulia Asking Prices

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(looks at mortgage revenues at big banks and smaller originators) The Threat From Higher Mortgage Rates: Truth vs. Fiction – By Matt Koppenheffer – Motley Fool 
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(thanks rising rates) Chart Of The Day: Monthly Home Payment Soars 40% To 2008 Levels – Submitted by Tyler Durden – Zero Hedge 
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(from several perspectives) Is The Worst Over For Annaly? – Christopher F. Davis – Seeking Alpha
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(Chicago) Do rising rents mean it’s time to buy? – By Alby Gallun – … soaring rents and recovering home prices have made ownership more compelling to many Chicago-area residents. … In one River North tower, the cost of owning a condominium is about $300 less than the cost of renting a similar one. … – Crain’s Chicago Business

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Lending standards continue to tighten – Housing demand spikes – Brena Swanson – There is still a wide pool of potential homeowners hoping to lock in a mortgage, according to the Federal Reserve July 2013 Senior Loan Officer Survey. – Housingwire 
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Demand for Non-Traditional, Sub-prime Loans Up – BY: MARK LIEBERMAN – Adding to concerns of a new housing bubble, lenders reported an increase in demand for “non-traditional” and sub-prime mortgage loans and that they’ve responded to that demand by easing standards, the Federal Reserve reported Monday in its quarterly Senior Loan Officer Opinion Survey. – DS News 
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Obama Said to Call for Limited U.S. Mortgages Role – By Clea Benson & Hans Nichols – President Barack Obama will call for Fannie Mae and Freddie Mac (FMCC) to be replaced with a government mortgage reinsurer that would sustain losses only in catastrophic circumstances. – Bloomberg 
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(another nail in eminent domain coffin) Richmond’s eminent domain plan credit negative for RMBS – Moody’s – (Reuters) – The city of Richmond, California’s decision on July 30 to potentially use eminent domain to seize “underwater” mortgage loans is credit negative for U.S. residential mortgage-backed securities, Moody’s Investors Service said Monday. 
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(NAHB) 244 Metro Markets Show Improvement in JulyNational Mortgage Professional 
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Keep Lawrence Summers Out Of The Fed – BY PHIL HALL  – The idea of putting Lawrence Summers in charge of the Federal Reserve is the equivalent of putting a pyromaniac in charge of a matchbox factory – he’ll have a very strong interest in his duties, if only for all the wrong reasons. – Progress In Lending 
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(keeps 30yr fixed rate mortgage) Housing experts, lawmakers express support for Obama housing plan – By Vicki Needham – The Hill
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Report: Miami-Dade home prices up more than 13 percent in June – by Alex Viega – AP – Miami Herald  
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Q2 Delinquency Rate Decrease Represents All-Time High – BY: ESTHER CHO    – The national mortgage delinquency rate sunk to 4.09 percent in the second quarter of this year, representing a near 26 percent decrease from the same quarter last year, according to data from TransUnion. – DS News 
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Trulia: Asking Prices Decline in July – by Brad Finkelstein – The Trulia Price Monitor for July was down 0.3% on a seasonally adjusted basis compared with June, the first decline in seller asking prices on a month-to-month basis since last November. Year-over-year, prices are up 11%. – National Mortgage News

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