On Appraisal Rule, Gens X & Y, Feds and foreclosures, House Cost Inflation, CFPB Servicing Requirements, Current Mortgage Savings, Reverse Changes Coming, Zombie Title, FICO Study Reveals, 8 Million Less Underwater, Foreclosures Be Good?, CA Price Rise

mnc-bc-fay2

email signup          RSS News Signup          Fay Servicing          BC’s profile

————

Ballard Spahr: CFPB appraisal rule carries many exceptions – Federal regulators unleashed the standard appraisal requirements for higher-priced loans last week, but attorneys at Ballard Spahr say it will have little ‘practical effect,’ because there is an exemption for loans that meet qualified mortgage requirements. – Housingwire 
————

Gen X And Gen Y Have A Great Shot At Real Estate Right Now –– If They Don’t Blow It – Brendon Desimone, Zillow – Business Insider 
————
(has list) 9 ways feds bungled foreclosure crisis – By Kim Peterson – Regulators got buried under a mountain of pricey consultants, biased reviewers, financial quibbling and ruthless banks. – “This is Kafkaesque,” an industry source told American Banker. ” – MSN Money

————
The hidden costs from inflation in the housing market: 4 trends in the current housing market. Comparing nationwide trends and niche areas. Inflation adjusted home prices.Dr. Housing Bubble

————
CFPB servicing requirements prompt mixed reactions – By Kerri Ann Panchuk – The Consumer Financial Protection Bureau drew praise Thursday for exempting smaller servicers — or those with 5,000 or fewer loans — from its new rules governing mortgage servicing. – Housingwire

————
(consumer piece) Saving Money on Your Mortgage in 2013: (3) Potential Interest Savings on Your Current Mortgage – by Jack Guttentag, The Mortgage Professor

————
FHA Reverse Mortgage Changes Coming By Month’s End – by Jason Oliva – … (FHA) will announce anticipated changes to its Home Equity Conversion Mortgage (HECM) program in a mortgagee letter slated for release by end of the month, a spokesman from (HUD) tells RMD. … – Reverse Mortgage Daily 
————
(lawyer blog) ZOMBIE TITLE – BY RUSSELL KOONIN AND ROBERT SIEGEL – Think your house has been foreclosed? Think again… – Mortgage Crisis Watch

————
(to pay their mortgage?) Over 25% of 401Ks Tapped to Pay Current Bills; Dead-Fish Housing Assets; Walking Away Yet Again – Mike Shedlock – MISH’S Global Economic Trend Analysis   

————
Research Recap: US AAA Debt Rating Likely To Be Downgraded Without Credible Deficit Reduction Plan – From Fitch Ratings 
————
FICO Study Reveals Rising Demand for Credit – BY: ABBY GREGORY – According to a recent study from FICO, U.S. banks are anticipating the end of the “household deleveraging” trend observed among consumers during the past five years.The M Report   (BC question – wasn’t much of the delevering caused by people defaulting on debt and its writeoffs?)
————
(House Price) Recovery in U.S. Saving 8 Million Underwater Homeowners - By Heather Perlberg – Bloomberg Businessweek 
————
(example of Newspeak?) Can Foreclosures Be Good for the Market? – BY: KRISTA FRANKS BROCK – In a report released Monday, Foreclosure Radar boldly asserts that foreclosures are helping mend the market, and the government—backed by the banking industry—has created foreclosure delays to help bank balance sheets. – DS News 
————
December home prices jump 19.6% in Southern California – Experts expect more gains this year, although not necessarily at such a torrid pace. –  – By Alejandro Lazo, Los Angeles Times

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