email signup RSS News Signup Fay Servicing BC’s profile
————
David Malpass’ Fiscal Cliff Playbook and Likely Outcome – Posted by Larry Doyle – Sense on Cents
————
Credit unions want shot at mortgage servicing rights – Posted by kpanchuk – … “We think credit unions are well equipped for expanded investment powers,” said Tessema Tefferi, regulatory affairs counsel for NAFCU. “Unfortunately, they are not allowed to service mortgages that they have not issued.” … – Housingwire
————
FHA announcement FHA expands loss mitigation options – Posted by cmlynski – Housingwire
and
link to 11 page FHA announcement
————
(Remics) Why a Tax Crackdown Is Not Needed on Mortgage-Backed Securities – BY VICTOR FLEISCHER – … I do not think that is the case here. The Remic rules are designed to prevent operating companies from avoiding the corporate tax. Banks and other financial institutions that originate mortgages should pay the corporate tax. Passive conduits should not. The lawyers failed here because … – NY Times Dealbook
————
Reasons people buy homes and reasons people rent, including the bad ones – OC Housing News
————
Chart Of The Day: The Homebuilder Boom – Cullen Roche – … The Case Shiller index is up about 4.5% year-to-date. But the S&P Homebuilders Index ETF is up almost 55% year-to-date. … – Seeking Alpha
————
Mortgage Settlement Monitor “Progress” Report Gooses Numbers to Hide Lack of Real Relief to Homeowners – Yves Smith – … Oh, but wait, they can take credit for modifying OTHER PEOPLE’S MORTGAGES, meaning those owned by investors. And they’ve been doing that in more than half the cases. … – Naked Capitalism
————
Controversial MERS decision breaks Oregon foreclosure chain - By Kerri Ann Panchuk – A controversial appellate court decision about the Mortgage Electronic Registration Systems in Oregon is stalling lending in the state with smaller banks worried about the decision’s impact on access to the secondary mortgage market. The case, which is called Niday v. GMAC Mortgage, is on appeal to the Oregon Supreme Court. – Housingwire
————
(chart) Sorry, But You Have To Look At This Chart Of Housing Starts Going Totally Bananas – Joe Weisenthal – One more time. Let’s just gawk at the crazy acceleration of housing starts this month. – Business Insider
————
Show Me The Money: More Home Buyers Bringing All Cash To The Table – by Michele Dawson – … Most of the all-cash buyers are investors, Yun said. … increase in the number of international buyers. … Another segment of homebuyers that is using all cash is boomers who are downsizing. They sometimes have enough equity in the home they sell to pay all cash for a smaller home. Cash sales often mean quick sales. … – Realty Biz News
————
RE/MAX: Home Sales, Prices Rise in October as Inventory Creates Concern – BY: ESTHER CHO – The M Report
————
Fannie Mae Pushes Force-Placed Insurance Reform – Jeff Horwitz – Fannie is seeking to require banks and other mortgage servicers to replace existing force-placed policies on loans it guarantees with insurance provided by a consortium of carriers offering discounts. – Insurance Networking News
————
(interesting chart) Single Family Housing Starts As A Percent Of Total Starts – Bespoke Investment Group – Seeking Alpha
————
Forty-One AGs Sign Letter Urging Congress to Extend Debt Relief Act – BY: ESTHER CHO – DS News
————
Ocwen, Walter credit risk rises with market share – Posted by kpanchuk … But the two firms’ recent acquisition of the servicing and origination platforms of Residential Capital out of bankruptcy creates ongoing credit risks at both shops due to the operational complexities for both Ocwen and Walter in merging existing platforms, Moody’s wrote. … – Housingwire
