Mortgages and Housing: Underwater, Mods, GNMA HMBS, Plain Vanilla, Tax Incentives, What is Safe, Dodd-Frank, Robo Videos, Raskin on Servicing, More Paperwork Coming

November 16th, 2010 · No Comments

 

The 20 Cities With The Most Underwater Homes - Gus Lubin - (lots of FL and CA) - Money Game at Business Insider

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A third of Chicago-area homes underwater - By Mary Ellen Podmolik - Chicago Breaking Business

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U.S. has spent tiny fraction of loan-mod funds - By Paul Kiel - Latest report shows Treasury likely to leave billions unspent – MSNBC

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Reverse Mortgages: Ginnie Mae HMBS Volume Falls to $796 Million in September - … Issuance for Ginnie Mae’s reverse mortgage HMBS program fell to $796 million in September, down from $994 in August. Ginnie Mae I single-family issuance was $12.279 billion. Total single-family issuance for September was $32.627 billion. … - Reverse Mortgage Daily

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Wolters Kluwer Execs: Consumer protection to keep mortgages plain vanilla - by JON PRIOR – HousingWire

(more paperwork coming) Dodd-Frank to translate into more advanced technology in mortgage arena - by JOHN VONG - New rules under Dodd-Frank will pose unique compliance challenges for nearly every mortgage lender and insured institution. - HousingWire
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Let’s Use Tax Incentives To Untangle Housing Mess - Bill Sirakos - Once the overabundance of housing is absorbed, a new market can emerge operating on a sustainable growth trend devoid of Congressional interference. - Forbes

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[Jchs-news] New report on the Low Income Housing Tax Credit program - We are pleased to announce the publication of a new policy brief, Long-Term Low Income Housing Tax Credit Policy Questions.   The brief can be downloaded and read online at JCHS Harvard
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(Dodd-Frank exempt mortgages) Loan-Rule Spat: Define ‘Safe’ - By RUTH SIMON - In Crafting New Regulations, Lenders and Investors Tackle a Key Point - Some of the firms that helped spark the mortgage crisis are now trying to help decide what a safe loan is.
Federal regulators are expected to issue by December proposed rules spelling out which loans will be excluded from a new requirement that issuers hold onto 5% of the risk of mortgages packaged into securities. The requirement is part of the Dodd-Frank financial-overhaul law passed in July. - WSJ Real Estate

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Videos: Depositions of Alleged Robo-Signers From Nationwide Title Clearing - EDWARD HARRISON - Credit Writedowns 

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Speech by Governor Raskin on problems in the mortgage servicing industry - Federal Reserve Board




Tags: Mortgage Market

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