Investors Are Back in Full Force – John Burns Real Estate Consulting -  U.S.
Building Market Intelligence™

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good read – What’s a Home Worth These Days? – Bruce Krasting – This is a vexing question for millions of Americans … So what is residential real estate worth today? The answer to that question is, “About 15 times the annual rent”. … – Bruce Krasting Blog

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Genworth, Radian see mortgage insurance revival – Reuters

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Foreclosure Math: Expect a Huge Money Supply Contraction – Jim Bradley – Seeking Alpha

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$1.1 Trillion in Toxic Loans: $908 Billion in Interest Only and $198 Billion in Option ARMs. The Zombie Loans that Simply Don’t Die. – Dr. Housing Bubble

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GMAC Trims Mortgage Business Staff – By DIANA GOLOBAY – GMAC Financial Services made cuts this week in an attempt to trim operational costs.  GMAC let go fewer than 100 employees company-wide across its business segments, including fewer than 10 cuts within the company’s mortgage operations.  “The head count reduction is part of an effort to streamline operations and reduce costs toward a goal of restoring the company to financial health,” a GMAC spokesperson told HousingWire. 

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New Credit Scores Will Help Homebuyers – … Now, a new and improved FICO scoring scheme will allow more individuals access to refinancing their present home or buying a new one. The developer, Fair Isaac Corporation, predicts this new analysis instrument will help lenders reduce default rates on consumer loans from 5 to 15 per cent. One hangup – Fannie Mae and Freddie Mac have yet to approve the new credit score tool. Until they do, the traditional model scores will suffice. … – InvestingFromTheRight