Mortgage rate update -- the deal of a lifetime - Scott Grannis -  Calafia Beach
Pundit 
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Home Inventory Measure Falls to April 2007 Level - Mark Perry's Carpe Diem Blog 
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Taylor, Bean & Whitaker, Freddie Mac hammer out agreement - Taylor, Bean & Whitaker Corp. and Freddie Mac have hammered out an agreement for the former Ocala-based lender to hand over to Freddie Mac financial data and home mortgage payments. - Ocala.com 

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Housing Crash to Resume on 7 Million Foreclosures, Amherst Says - By Jody Shenn - ... the  “huge shadow inventory,” reflecting mortgages already being foreclosed upon or now delinquent and likely to be, compares with 1.27 million in 2005, the analysts led by Laurie Goodman wrote today in a report. Assuming no other homes are on the market, it would take 1.35 years to sell the properties based on the current pace of existing-home sales, they said. ... - Bloomberg

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Chart of the Day - ... That brings us to today's chart which illustrates how housing prices are currently 30% off their 2005 peak. In fact, a home buyer who bought the median priced single-family home at the 1979 peak has seen that home appreciate by a mere 4% ... - Chart of the Day

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Clock Is Ticking for First-Home Buyers - $8,000 Tax Credit Is Set to Expire Nov. 30 -- First-time home buyers are scrambling to take advantage of an $8,000 tax credit set to expire in coming weeks, while Congress considers whether to extend the program or risk removing what may be one of the few supports underpinning the housing market. - By Dina ElBoghdady - Washington Post

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US Subprime RMBS Delinquencies Hit 50% for Some Vintages - S&P - Prime Jumbo and Alt-A sectors also see deterioration in August.  ... As of the August 2009 distribution date, total delinquencies were 43.69%, 52.49%, and 49.90% of the current aggregate pool balances for the 2005, 2006, and 2007 vintages, respectively. ... - Research Recap

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US Agriculture Department Handing Out $0 Down, 100% Financed Mortgages - Posted by TraderMark -  ... Via BusinessWeek (not the Onion.com)  Builders and lenders are dusting off a familiar pitch: mortgages with $0 down and 100% financing. The deals, which take advantage of a little-known loan program at the U.S. Agriculture Dept., are bolstering sales in some areas. ... Says Daniel Oppenheimer, an analyst with Credit Suisse: "Unlike beef, these loans should be described as USDA subprime."  - Fund My Mutural Fund

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Genworth Rolls Out Fixed Rate Reverse Mortgage Product - Genworth Financial Home Equity Access, Inc., a subsidiary of Genworth Financial, Inc., announced the release of a competitive fixed rate reverse mortgage product to both its retail and wholesale broker clients.  The fixed rate product features an interest rate of 5.625% said a company statement. - Reverse Mortgage Daily

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Fannie, Freddie Have 100,000 REOs, Lockhart Tells Five-Star Attendees - ADAM WEINSTEIN - DS News