MBS Tutorial, Rescap Purchase Details, REO Inventories, Trulia on Rentals, Improving Markets, Refi Risk, Clear Capital HDI, BAML Forecast, Secret HAMP Documents

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(keep this great tutorial on MBS) How To Analyze The Value In Agency Mortgage REITs – by REIT Analyst – Seeking Alpha 
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(gives 8 pieces) Ocwen breaks down ResCap purchase – Posted by jgaffney – Housingwire

and
(AG settlement worries) U.S. Objects to Ocwen Buy of ResCap LoanNASDAQ.com – … but for now the government plans to object to Ocwen’s acquisition unless Ocwen agrees to honor reforms agreed by ResCap. Ally Financial Inc. also filed papers saying it is concerned about Ocwen’s willingness to honor the industry settlement, as well as a 2011 consent order with banking regulators. … 
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PHH earnings show MSRs mix results – By Kerri Ann Panchuk – … Analysts with FBR Capital noted that PHH’s loss was deeper than expected due to MSR write-downs from higher prepayments and lower interest rates, but still the research firm has PHH listed as outperform going forward.  … – Housingwire 
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Lawler: REO inventory of “the F’s” and PLS – by Bill McBride – CR Note: Yesterday I posted a graph of REO inventory (lender Real Estate Owned) for the Fs (Fannie, Freddie and the FHA). Economist Tom Lawler has added estimates for PLS (private label securities).  Note that the FHA data was for August. – Calculated Risk

and
(good graph too) Fannie, Freddie, FHA REO inventory declines in Q3 - by Bill McBride – Calculated Risk 
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(talking about rentals) Trulia Rent Versus Buy Goings On – by Al Twitty – Realty Biz News

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Improving Markets Now Number 125, New “High Point” for Housing – by Elizabeth Ecker – Reverse Mortgage Daily 
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Bond Investors See Obama Win Fueling Refi Risk: Mortgages – By Jody Shenn and Heather Perlberg – … Two Harbors, which has some investments that could benefit from housing gains, has also bought prepayment-protected Fannie Mae and Freddie Mac securities that will help it avoid having to reinvest in debt at lower rates. It increased its holdings of bonds backed by loans that have already been through HARP and are now excluded from tapping the program again, by $2.1 billion last quarter. … – Bloomberg

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Clear Capital’s November HDI Market Report examines how housing played a real role in the President’s win. Housing’s national yearly gains of 4.6% helped support the perception that a broader recovery is underway. We also draw the connection between regional gains and key states that swung blue.  
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BofA Merrill Lynch analysts forecast 5% rise in home prices – By Christina Mlynski – Housingwire
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Secret HAMP Documents Reveal Program Lacked Effective Oversight Of Banks – By Paul Kiel, ProPublica – …  Initially, the Treasury Department, which administers HAMP, refused to release any documents at all. It was only after ProPublica appealed the denial that Treasury agreed to release some documents, although with large portions blacked out. … In some cases, the Treasury even withheld the documents of servicers who never objected to their release. … – Huffington Post 
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