Mortgage Debt Least Since 2006, Student Debt Slaves, FNMA Housing Forecast, HELOC Comeback, G-Fee Hike, MIPs For Life, Urban Teardown Farms, John Stumpf Interview, HARP-QE3-Refis, “Mobile Capture” Technology, 2 on Ben, First Time Homebuyer, Mods Default

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(delevering not help Fed) Mortgage debt at lowest levels since 2006 - Posted by cmlynski – … Mortgage debt is at its lowest levels since 2006, at $8.03 trillion. Delinquency rates for mortgages also decreased from 6.3% to 5.9% … – Housingwire 
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(debt slaves no escape hurts housing) Escalating Delinquency Rates Make Student Loans Look Like the New Subprime – Yves Smith – … and average debt levels among student borrowers is $23,000. … so the average amount borrowed by recent grads is certain to be higher. Student debt is senior to all other consumer debt; … As a result, it has contributed to the fall in the homeownership rate, … – Naked Capitalism 
and
The Scariest Chart Of The Quarter: Student Debt Bubble Officially Pops As 90+ Day Delinquency Rate Goes Parabolic - Submitted by Tyler Durden – Zero Hedge 
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Fannie Mae Revises Forecast in Light of Positive Developments – BY: ESTHER CHO – Given improvements seen in housing and the economy, Fannie Mae revised its housing forecast for this year and the next in its November economic outlook report. – The M Report

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Home Equity Loans Make Comeback Fueling U.S. Spending – By Kathleen M. Howley – … After six years of declines, lending for so-called Helocs will rise 30 percent to $79.6 billion in 2012, the highest level since the start of the financial crisis in 2008, according to the economics research unit of Moody’s Corp. Originations next year will jump another 31 percent to $104 billion, it projected. … – Bloomberg

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G-fee hike in key states faces limited opposition – By Kerri Ann Panchuk – Housingwire

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New 30-year debt: FHA to collect MIPs for life of mortgage – Posted by Megan Hopkins – Housingwire 
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(urban teardown farms) A Vacant Lot Offers Refugees a Taste of Home – By FERNANDA SANTOS – NY Times
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(interesting interview, many points) Wells Fargo CEO: Why Americans are saving so much – By Geoff Colvin – CEO John Stumpf discusses how his bank has seen record savings deposit growth, as more Americans look for safe places to put their cash. – CNN Money

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(3 charts) HARP and QE3 will keep mortgage refi humming in 2013 - Sober Look Blog – US mortgage prepayment speeds have accelerated to the highest level since 2004 recently. …  It means that the older mortgages with homes that are more likely to be “under water” are actually refinancing faster. …
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(“Mobile capture” technology) New Technology to Revolutionize Reverse Mortgage Document Transfers – by Elizabeth Ecker – The technology used by many to send checks or signed agreements from their mobile devices could have the potential to revolutionize the reverse mortgage borrower experience through document capture – Reverse Mortgage Daily

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Bernanke’s Easy Money Death Spiral – By Vince Foster – QE is impeding capital investment by raising cost of capital volatility risk. Here’s why the more easy money we get, the longer it will take to build a sustainable recovery. – Minyanville

vs.
I’m a Believer in Ben
– Bob Lang, Benzinga

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The vanishing first-time homebuyer – by Kerri Ann Panchuk – It was only a matter of time before the market learned the true fate of the young, first-time homebuyer who may have a solid credit history and a good job, but lacks a 20% downpayment. The reality is they are disappearing before our very eyes. – Housingwire
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Loan modification defaults soar 24%, can-kicking fails – …  When a borrower has gone Ponzi, the “rough patch” is when they are cut off from more Ponzi borrowing.  … – OC Housing News

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