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(very cool visualization tool - must see) Real Estate Dots - Ben Gimpert - (type in your town) - Altos Research 
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The Industry's Origination 'Audit' Crisis - Paul Muolo - (on BofA LO's, FNMA 'audits', fixed rate mortgages, and more) - National Mortgage News
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Fannie and Freddie Will Let Mortgage Servicers Hire Own Attorneys - Jenna Green - ... The (FHFA), ..., said the move “will lead to greater transparency and benefit delinquent borrowers who become subject to the foreclosure process.” Fannie Mae’s Retained Attorney Network, or RAN, currently includes 191 firms in 45 states, according to the FHFA’s Office of Inspector General, which on Sept. 30 issued a report criticizing the program. ... - Legal Times

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As Rival REITs Weigh Public Funding, Shellpoint Stays Private - By Al Yoon (DJ) - (talks about mREITs and Shellpoint - Ranieri) - Fox Business News
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Mortgage Funds Unable To Go REIT Route - Amelia Granger - Securitization Intelligence

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(interesting data) Did Bad Loans Continue at Bank of America After 2008? - By FLOYD NORRIS - NY Times
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A Taxing Debate: The Mortgage-Interest Deduction - By Ben Steverman - ... Forty-eight percent of respondents said they were willing to give up all tax deductions, including the home mortgage deduction, in return for lower tax rates for every tax bracket. Forty-five percent were opposed in the survey of 997 adults, conducted for Bloomberg by Selzer & Company.The results represent a significant shift from a December 2010 Bloomberg survey that asked the same question.  ... more - Bloomberg
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Big bank mortgage originations drop 24% from year earlier - by JON PRIOR - The big four banks combined to write $175.4 billion in new mortgages during the three months ended Sept. 30. That is 24% lower than what these lenders wrote a year earlier. - Housingwire
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(why?) Bank of America Moves a Merrill Lynch Derivatives Unit to an Insured Deposits Unit (Putting FDIC at Risk); Fed approves Move, FDIC Doesn't - Michael Shedlock - Bank of America, at the request of counterparties, just moved a Merrill Lynch derivatives unit to an Insured Deposits unit, under protest by the FDIC. The FDIC does not like the move because it puts the FDIC at risk. Bernanke is fine with the move, which means the Fed and FDIC are once again in an open feud about risk management. - MISH'S Global Economic Trend Analysis
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Net New Renters 1.4 Million, Net New Home Buyers 0 - By Steve Cook Real Estate Economy Watch - That's what 2011's final score will be, according to Freddie Mac's latest outlook for 2011, as vacancy rates shrivel and sales struggle to stay even with last year's tax credit boom and bust.- UPI.com

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Here's Why Bank Of America's Mortgage Problem Isn't Going Away - Halah Touryalai, Forbes Staff - There was a pretty scary sentence in Bank of America’s third-quarter earnings presentation Tuesday. About 31 pages into the presentation, BofA says it doesn’t really know how much it will lose on demands from government-sponsored mortgage investors who are asking the bank to repurchase additional mortgage securities.

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Buyer of invalid foreclosure loses appeal to clear property title - by KERRI PANCHUK - A man who bought a house that turned out to be an invalid foreclosure cannot sue the previous homeowner over his clouded title because the bank foreclosed before receiving an actual mortgage assignment, the Massachusetts Supreme Judicial Court said Tuesday. ... Vincent Valvo, group publisher and Editor-in-Chief for Massachusetts real estate data firm The Warren Group, says the case is a "massive holding" that will have a deep effect on the real estate market. ... – Housingwire

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Refis Boost Wells Originations, While Credit Losses Continue - By Austin Kilgore - Historically low interest rates sparked an increase in refinance mortgage applications that helped Wells Fargo originate $89 billion in new residential loans during the third quarter of 2011. But troubled existing loans continue to impact results, with a 61% increase in Wells Fargo's mortgage repurchase provision. The volume, split almost evenly between retail and the correspondent/wholesale channels, was up 39% from the second quarter, but down 12% from 3Q10. - more numbers - National Mortgage News
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Ginnie MBS Issuance Drops for Second Fiscal Year in a Row - by Brian Collins - Residential lenders issued $350.3 billion of Ginnie Mae MBS in fiscal year 2011, down 15% from the previous fiscal year, according to new figures released by the Government National Mortgage Association. It is the second fiscal year decline in Ginnie MBS activity. MBS issuance peaked at $418 billion in FY 2009 and fell slightly in FY 2010 to $413 billion.  - National Mortgage News
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(charts) Homebuilder Blues: NAHB/Wells Fargo Home Builder Ratings October 2011 - by Sold at the Top - Paper Economy Blog

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