Entries from November 2011

Mortgages and Housing: Freddie Needs Cash, Edward J. DeMarco, Phil Hall Has News, REO Take Decade, Bill Gross, Tight Market, D.C. Pinch, MF Global Makes Fed Buy MBS, UST Progress Report, Candy For All

November 8th, 2011 · No Comments

email signup             Receive MNC in RSS news reader ———— Freddie Mac reports Q3 loss, asks for $6B in aid – By DEREK KRAVITZ – … Taxpayers have spent about $169 billion to rescue Fannie and Freddie, the most expensive bailout of the 2008 financial crisis. The government estimates it could cost up to $51 [...]

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Tags: Mortgage Market

Mortgages and Housing: FC Timeline Increases, Shadow Reckoning, Higher GSE Limits, Ally CEO Says, Judicial States, Shaun Donovan, Gay Neighbors, Philly Loves Squatters, Proposed Las Vegas Ordinance, Congress Wants Transparency

November 6th, 2011 · No Comments

email signup             Receive MNC in RSS news reader ———— Foreclosure Timeline Lengthened by 140 Days Over Past Year: LPS – BY: CARRIE BAY – DS News ———— Day of reckoning for shadow inventory and distressed properties – 40 percent of properties in foreclosure have [...]

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Tags: Mortgage Market

Mortgages and Housing: Smoking Gun, Occupy Foreclosures, DQ Rates Mixed, Mike Farrell, 4 Million Borrowers to Review, LPS Charts, Mike Mayo, Subprime Stabilizes Jumbos Don’t, BOA to Sell $50bln Servicing

November 3rd, 2011 · No Comments

email signup             Receive MNC in RSS news reader ———— (read this) Smoking-Gun Document Ties Policy To Housing Crisis – By PAUL SPERRY, FOR INVESTOR’S BUSINESS DAILY – Experts say a Policy Statement on Discrimination in Lending, penned by the Interagency Task Force on Fair Lending and signed by the heads [...]

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Tags: Mortgage Market

Mortgages and Housing: Multistate Settlement, HARP 2.0, FBR on Mortgage Deal, Dave Stevens, Charles Hugh Smith, Who to Help?, LIBOR Danger, Printing Press, Bill Gross, Triple Dip, RIDICULOUS Idea, Short Sales, 4 Mortgage Servicers, 1MM FCs For Years To Come

November 2nd, 2011 · No Comments

email signup             Receive MNC in RSS news reader ———— The Multistate Settlement Lottery: Bupkis – posted by Adam Levitin – The NY Times had some details today about the multi-state attorney general mortgage servicing settlement in the works. It looks every bit as awful as one might have feared. Here’s the [...]

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Tags: Mortgage Market