Fitch on GSEs, 7 Trends, Patrick Killelea, 50 Year Recovery, DeMarco Alone, Colorado Payoffs, Trulia Prices, Fortress Wants Servicing, RWT in CO, Shaun Donovan, ARMS Did It, mREITs, JPM Suit

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Fitch on Fannie Mae and Freddie MacReuters – The latest projections released by the (FHFA) indicate that both Fannie Mae and Freddie Mac are in a stronger position today to reduce the amount of net cash drawn from the U.S. Treasury over the next few years. … the two (GSEs) have become more intertwined with the state than ever before as a result of the recent third amendment to the preferred stock purchase agreement (PSPA). …

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(good read) 7 Housing Trends to Look for Going into 2013. Did the foreclosure pipeline increase last month?Dr. Housing Bubble 
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Patrick Killelea: What Every Homebuyer (And Homeowner) Should Know Now – Submitted by Tyler Durden – Submitted by Chris Martenson of Peak Prosperity – Zero Hedge
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Shiller: Housing Market Could Take 50 Years to Fully Recover – By: Drew Sandholm – … “If it goes up 3 percent a year that means that, in real terms, housing is just about flat,” Shiller said. “It’s not a recovery to write home about.” … – CNBC.com 
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FHFA head DeMarco stands alone as he works to shrink Fannie Mae, Freddie Mac – By Clea Benson and and Emma Fidel – Washington Post 
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Paid-off mortgages rise in Colorado – Posted by kpanchuk – … rose 22.8%  … released 218,138 deeds of trust … up from 177,585 a year earlier. A deed of trust is generally released … when a homeowner pays off their real estate loan either through a refinancing, a home sale or a final payment on the property. … – Housingwire
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FHA Said Setting Stage for Treasury Subsidy as Losses Mount – Clea Benson – Bloomberg – Washigton Post
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Trulia: Asking House Prices increased in October – by Bill McBride – Press Release: Trulia Reports October Asking Prices Rise 2.9% Year-over-Year, But Rents Rise Faster at 5.1% – Calculated Risk

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Fortress green lights more mortgage investment – By Christina Mlynski – … In its latest quarterly report, FIG raised $770 million in additional capital for investments in mortgage servicing rights opportunities. This includes the nearly $600 million successful launch of a dedicated mortgage servicing rights fund. … – Housingwire
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Redwood Trust opens Colorado operation – By Kerri Ann Panchuk – … at its new operations and servicing facility in Colorado. …Housingwire

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(political pitch speech) HUD: Mortgage Bankers Are Not Above The Law – by Shaun Donovan – MortgageOrb.com
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(evil ARMs?) Higher risk mortgage loans accompanied overheated housing marketsSober Look Blog – FRBSF just published an interesting paper called “Did the Housing Boom Affect Mortgage Choices?” (Fred Furlong and Yelena Takhtamanova). The results suggest that adjustable rate mortgages (ARMs), … were more prevalent for periods/areas of booming housing markets. This effect is visible across the borrower credit spectrum, although the lower FICO score borrowers seemed more willing to take ARMs risk in a booming market than those with a higher score. 
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With The Fed Spending $40 Billion Per Month, Should Investors Flee Mortgage REITs? – Matt Schilling – Seeking Alpha 
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JPMorgan Loses Bid to Dismiss FHFA Mortgage Suits – By Patricia Hurtado – JPMorgan Chase & Co. (JPM) lost a bid to have a U.S. judge dismiss lawsuits filed by the Federal Housing Finance Agency against 16 U.S. banks over mortgage-backed securities. – Bloomberg Businessweek
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