FHA as GSE?, Rental Investors, Short Sale LeaseBacks (SSLB), Leaving Parental Nest, Institutional House Buyers, Foreclosures in 2013, Housing Starts Rock, Real World FHA, On Foreclosures, HSBC Robo Settlement, Jobs Industry Pie Charts, 3 on Fed & 2007 Housing Bubble

mnc-bc-fay2

email signup          RSS News Signup          Fay Servicing          BC’s profile

————

(FHA becomes GSE??) Harvard Researchers Argue for New ‘FHA Corporation’ – BY: KRISTA FRANKS BROCK – A recent report from Harvard University … Under direction of the advisory board and the CEO, the FHA would be free to enact its own hiring process, manage its own budget, set its own pricing, and adapt to market changes “without Congress legislating each change or mandating numerous complex or inconsistent rules and regulations,” according to the researchers’ plan. The new FHA would continue to serve low-income families and would work to provide an alternative to the common prepayable, 30-year, fixed-rate loan. … – The M Report 
————
Rental investors:

(Phoenix loses lustre? diminishing returns?) As prices rise, rental home investors seek new markets – Julie Schmit, USA TODAY 
and
(a criticism of REO to Rental programs) Real Estate: Out Of Whack – Peter Tannenbaum – Seeking Alpha
————

 (interesting) California Broker Explains Short Sale Lease Back Program - BY: ESTHER CHO – Irish now runs a company called National Short Sales, which offers what is known as a Short Sale Lease-Back (SSLB) program. Through the program, struggling homeowners can remain in their home as a tenant after the property is sold via short sale to a nonprofit. In the case of Irish’s program, former homeowners reside in the home for at least three years as renters, and they must take six financial counseling courses over the three years. – more – DS News

————
Analysis: More Americans leave parental nest in boost for housing – By Lucia Mutikani – (Reuters)
————
(very interesting) Housing speculation explodes but with institutional investors this timeOC Housing News – conclusion: When federal reserve stops pushing down mortgage rates and the banks stop managing inventory this will all end. The single family resident is the least efficient real estate investment that has the lowest rates of return. They don’t have economies of scale like large commercial or multifamily buildings. SFR’s for income and speculation has always been the small investor that wanted a extra income stream. 
————
(look at chart trend) RealtyTrac: 2012 Foreclosures Stall — But What About 2013? – By Peter G. Miller – Ourbroker.com
————
(great charts) Housing Starts And Building Permits Hit Multi-Year Highs – Bespoke Investment Group – Seeking Alpha  
————
(read this) Real world consequences of an FHA overhaul - Posted by Kerry Curry – My husband and I have an FHA-insured mortgage. We are not low-income nor are we credit-challenged. Yet the conventional lending market appears closed to us. – Housingwire

————
LPS: Foreclosure Inventory Falls, Expect To See A ‘Rebound’ In (Foreclosure) Starts – BY: ESTHER CHO  – DS News 
————
(new robo settler) HSBC to pay $249 million to end foreclosure probes – By Kerri Ann Panchuk – Housingwire 
————
(to offset risk) Rental-Home Bond Issuers Need Costlier Structures, Moody’s Says - by Jody Shenn – Bloomberg
————
(2 must see pie charts) Job Gaining and Job Losing Industries 2007-2012 – Mike Shedlock – MISH’S Global Economic Trend Analysis
————

3 articles on Fed missing the housing bubble burst:

Days Before Housing Bust, Fed Doubted Need to Act – By BINYAMIN APPELBAUM – NY Times

————
Federal Reserve was blind to crisis in 2007 – By Annalyn Kurtz @CNNMoney 

————
Transcripts Reveal Federal Reserve Missed Housing Bubble – By: DSWright – FIREDOGLAKE 
————

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