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Freddie Mac to Securitize Previously Delinquent Mortgage Loans That Have Been Reinstated to Performing Status - Mortgage loans from company's mortgage-related investment portfolio will be pooled into new Freddie Mac PCs - PRNewswire - Sacramento Bee

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(slide show) 10 States Where Foreclosures Are Severely Undercutting Home Prices - Mamta Badkar - U.S. foreclosures rose 7% in October from the previous month, and frequently these foreclosures result in sales that depress home prices. A new report for RealtyTrac points out 10 states with highest foreclosure savings in October - Money Game at Business Insider
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(interesting) Fannie Mae and the private way - Posted by Rona Fischman - Do you know what a private way is? (Yeah, It’s the opposite of a public way.) A public way is land owned by the municipality that the public uses for a thoroughfare; in short, a road. A private way is also a road. But, the owner of the house owns half (or sometimes all) of the road in front. Towns will plow private ways so police and fire can get through. In towns that have garbage and recycling pick-up, the pick-up includes private ways. The difference is twofold: ... - Boston Globe

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(stifling economic growth) As New Graduates Return to Nest, Economy Also Feels the Pain - The New York Times - Jay Bouvier makes $45,000 a year after taxes, but is living with his mother, Nancy Bouvier, in Bristol, Conn., to save money. - By CATHERINE RAMPELL – NY Times

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In Response, LPS Admits to Robo-Signing Deficiencies for Indicted Ex-Employees - By: David Dayen - Responding to the indictment of two of its employees in a mass robo-signing scheme, Lender Processing Services, a mortgage document processing company, appeared to admit to flaws in its foreclosure documentation process. - hattip Yves Smith -  FireDogLake

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(Nevada and LPS - just the start?) Matt Stoller: Nevada Attorney General Catherine Cortez Masto Cracks Open the Financial Crisis - Learn the name Catherine Cortez Masto, because she just took a big leap in front of every public servant in the country in terms of restoring faith in government. As Nevada AG, she actually indicted someone for blowing up our housing system. Specifically, she handed down 606 counts of felony or gross misdemeanor indictments on robo-signing against two employees of big bank subcontractor Lender Processing Services. - Naked Capitalism

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Genworth Financial Makes Changes to Support Expanded HARP Initiative to Help More Homeowners Refinance at Today's Low Mortgage Rates - PRNewswire via COMTEX - hattip Alfred King - Genworth Newsroom
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30% of FHA mortgage modifications redefault within a year - by JON PRIOR - More than 30% of the nearly 282,000 modifications completed on Federal Housing Administration mortgages in 2010 redefaulted within a year, according to an independent study sent to Congress this week. It's not great news, but it is down from last year's statistics. – Housingwire

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(another one?) Las Vegas City Council to vote on vacant property rules - by ANDREW SCOGGIN - A proposed Las Vegas ordinance that would make lenders maintain vacant properties in default or foreclosure will go up for vote as soon as Dec. 7. - Housingwire
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(really?) Realtors think 20% down is too high - By JEFF COLLINS - THE ORANGE COUNTY REGISTER http://www.ocregister.com/articles/realtors-327765-phipps-gavel.html
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Freddie clamps down on short sale fraud - by JON PRIOR - Freddie Mac will force parties involved in a short sale to sign affidavits making them liable for their negligent or intentional misrepresentations in the deal, an effort to be sure it's an arms-length transaction, according to guidance released Friday. – Housingwire

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