Pipeline: UNDERSTANDING BEST PRACTICES IN PIPELINE RISK MANAGEMENT – BY DOUG MAYERS -   MortgageOrb

HAMP and Servicing pros and cons – good interview: FAY FINANCIAL CEO ON THE MARKET DISLOCATION -BY JOHN CLAPP – interview with Ed Fay of Fay Financial – MortgageOrb

————

and 

Impact: Taylor Bean Halts Loans After Being Suspended by U.S. Agencies – By David Mildenberg and Jody Shenn – Bloomberg

and

Mortgage Brokers Will Be Hardest Hit By Taylor Bean’s Exit  -  … But stiffer underwriting standards fueled by buckets of red ink on the books of mortgage lenders have led some of the largest lenders to pull back from financing loans brought to the table by mortgage brokers.  Mortgage brokers accounted for 17.1% of loan originations in the first quarter, down from 19.7% last year and 28.2% in 2007, according to Inside Mortgage Finance, a trade publication … – DJ Money CNN

————

Deutsche Sees 48% of All US Mortgages Underwater in 2011 – By AUSTIN KILGORE – Deutsche Bank (DB: 66.81 +3.39%) believes continued declines in home values will increase the number of US mortgagors with negative equity from 14m in Q109 to 25m in Q111. – housingwire

and

About half of U.S. mortgages seen underwater by 2011 – By Al Yoon – … Home price declines will have their biggest impact on prime “conforming” loans that meet underwriting and size guidelines of Fannie Mae and Freddie Mac, the bank said in a report. Prime conforming loans make up two-thirds of mortgages, and are typically less risky because of stringent requirements.  “We project the next phase of the housing decline will have a far greater impact on prime borrowers,” Deutsche analysts Karen Weaver and Ying Shen said in the report. … – Reuters

————

Six Essential Charts for the housing market – Michael David White – click “property’s value” – … I will figure out what is critical. I will keep the critical data updated and organized and in one place.  All work is done in graphs. So it’s fast and easy to figure out what is going on. Give me two minutes and I will put you in the top one percentile.   … – New Observations Blog

————
Foreclosure wave gathers momentum – posted by Mathew Padilla – There is no second foreclosure wave coming, says Sam Khater, senior economist, First American CoreLogic.  “To say there is a second wave implies the (current) wave has receded,” Khater told me. “I don’t see that the wave has receded.” – OC Register

————

Mortgage Modifications Can’t Catch Foreclosures – By Elise Craig – Lenders have modified more than 235,000 mortgages under an Obama Administration program, but the first half of 2009 saw 1.8 million foreclosures – BusinessWeek

Over $20 Million – Are Buyers Slowly Coming Back for Luxury Homes? – By Prashant Gopal – Ultra-luxury home sales are picking up, and some of the priciest homes are located in gold-standard beach-front locations – BusinessWeek

————

Fannie Has 9 Trillion in Troubled Loans – 8K – Bruse Krasting – Fannie Mae’s 8k has an interesting slide. It is a look at their questionable assets. The slide is not easy to read….The report muddles with the actual holdings, as there are overlaps in the descriptions. The actual numbers they provide include:
Negative Amortization Loans: $15b
Interest Only: $196B
Low Fico: $328B
LTV>90%: $265B
Alt-A: $269B
Sub Prime: $8B  – more thoughts at Bruce Krasting Blog