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HARP 2.0 Updates:

Guide Bulletin 2011-22 Announces New Requirements for Freddie Mac Relief Refinance Mortgages - Freddie Mac SF Update 

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HARP 2.0 Updates from Fannie Mae - Selling Guide Announcement SEL-2011-12 - Updates to Refi Plus™ and DU Refi Plus - eFannieMae

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3 Articles from Housingwire:

(several interesting Brian Moynihan comments) BofA looks to extend mortgage lending in certain key markets - by KERRI PANCHUK - ... "What we are seeing is when we get a hold of a property it moves as fast now as it ever moved. The issue is how long does it take for you to get a hold of a property," Moynihan said. "There is tons of investor money coming in. When you have the ability to get those properties, you are seeing market by market those improvements come. The process has been slower and slower in some places, but in places like Arizona and California, we are seeing it move through." Moynihan said BofA is setting up the framework for a mortgage lending world without the back-stop of government-sponsored enterprises. ... more - Housingwire

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Freddie to help servicers automate new mortgage mods - by JON PRIOR - Freddie Mac mortgage servicers will be able to evaluate borrowers for the new Standard Modification on their desktops beginning Dec. 12, according to a bulletin sent Monday. Freddie launched the Standard Modification as an alternative for those who fail out of the Home Affordable Modification Program. - Housingwire

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Congress to vote on FHA loan limit hike, GSEs left out - by JON PRIOR - Congress took another step toward extending the conforming loan limits for the Federal Housing Administration but not for Fannie Mae and Freddie Mac. - Housingwire

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Other News:

The Housing Market Is Still in a Depression - DANIEL INDIVIGLIO - analyzes Warren Buffet comment in 4 ways - The Atlantic

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(has paper and charts) 30x Leverage from the FHA - A scary paper was recently made available to the public by Joseph Gyourko from Wharton about the sad state of affairs at the Federal Housing Administration (FHA). - Sober Look Blog

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FHA Chief: Reverse Mortgage Program Changes are Paying Off - by Elizabeth Ecker - ... “Our projections indicate that, as of the end of FY 2011, the HECM portion of the MMI fund has sufficient capital resources to meet its future liabilities and hence will not require support from the overall fund,” the report states ... - Reverse Mortgage Daily

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(how accurate is Zillow?) The Fuzzy Math of Home Values - By Alyssa Abkowitz - Smart Money 

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(has charts) HELOC Hell Jeopardizes Banks’ Tier I Capital - By Jeff Harding - Shaky home equity lines of credit (HELOC) loans are overwhelming major banks’ Tier 1 capital which means they need more capital to meet Basel III requirements. B of A, Wells Fargo, Citigroup, and JPMorgan Chase together have about 40% of all home equity loans. - The Daily Capitalist

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