Freddie (2), D.C. Power Players, MSR Pricing, Gundlach Must-See, US Dollar, 3Q Mods, 1% Rental Rule, QE3 hole, Realtors vs. Bulk Buyers, Freddie Profit, 1.7mm New Renters, OC House Prices, Corelogic HPI

mnc-bc-fay2

email signup          RSS News Signup          Fay Servicing          BC’s profile

————

Freddie Mac Reports a Big Quarterly Profit, Closer to Paying Back Taxpayers – The once-troubled quasi-public mortgage giant is healthy again, and finally paying back the axpayer. Matthew Zeitlin looks at Freddie Mac’s earnings. – The Daily Beast

————
(delevering continues) Freddie Mac: Refinancers maintaining, cutting debt – By Nathalie Tadena – … (in 3Q) The mortgage finance company found that 83% of homeowners who refinanced their first-lien home mortgage either maintained about the same loan amount or lowered their principal balance by paying-in additional money at the closing table, … – Marketwatch 
————
Election Brings Several Changes To Capitol Hill Power Line-Up – by MortgageOrb.com – … Elizabeth Warren, Joseph P. Kennedy III, Rep. Jeb Hensarling, R-Texas, Rep. Maxine Waters, D.-Calif. … 
————

(lots of color) Pricing for mortgage servicing rights becomes source of debate - By Kerri Ann Panchuk  – Housingwire

————
(must-see presentation) POLARIZATION EXPRESS: The Hot New Presentation From Jeff Gundlach’s DoubleLine Funds – Sam Ro – Business Insider 
————
Dollar Falls as Obama Win Paves Way for Monetary Easing – By Monami Yui and Lucy Meakin – Bloomberg 
————
Hope Now reports 219,333 third quarter mortgage modifications – By Christina Mlynski – Housingwire
————
(still relevant) Rental Property Investing – Bringing Back The 1% Rule – by Donna S. Robinson – … The 1% rule simply states that a property should rent for at least 1% of it’s total value.  … – Realty Biz News http://realtybiznews.com/rental-property-investing-bringing-back-the-1-rule/98716670/
————
How Deep Is The Hole? The Federal Reserve And Housing - John M. Mason – … Massive purchases of mortgage-backed securities are being made, it is just that they don’t get reported on the Fed’s H.4.1 release until the purchase is settled. And, the purchases have been in the packages of $50 million to $250 million and do not settle for 60 to 90 days. … – Seeking Alpha http://seekingalpha.com/article/977381-how-deep-is-the-hole-the-federal-reserve-and-housing
————
Fed’s Williams Says Bond Buying May Exceed $600 Billion - By Jeff Kearns – Federal Reserve Bank of San Francisco President John Williams … “It should be at least that big but I would think it would probably be bigger … referring to his Aug. 31 comment that the Fed should purchase $600 billion in bonds in a third round of asset purchases. … – Bloomberg Businessweek 
————
(realtors want their 6%?) FHFA Reveals 3rd Winner for REO Initiative, C.A.R. Voices Disapproval – BY: ESTHER CHO – DS News
————
Freddie Mac reports $2.9 billion third-quarter profit – By Kerri Ann Panchuk –  … The GSE also finished the period without requiring additional draws on the Treasury … – Housingwire 
————
1.7 million new renters expected in next three years - Posted by kpanchuk – The changing dynamics of today’s housing market could create 1.7 million new multifamily renters between now and 2015, Freddie Mac’s Multifamily Research Group said this week. – Housingwire

————
Orange County housing market rising due to restricted inventoryOC Housing News 
————
CoreLogic: House Price Index declined seasonally in September, Up 5.0% Year-over-year – by Bill McBride – Calculated Risk
————

For Rob Chrisman’s latest daily post, click here.

To subscribe to Joe Garrett’s news letter, send an email to jgarrett at garrettmcauley dot com

About these ads

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s