Failed short sales take heavy toll - Letter to the Editor - BY INMAN NEWS 

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FEELING THE PINCH? GET AHEAD OF ADVANCES - BY MARTIN TOUHEY - One of the by-products of the current mortgage market is the explosive growth in advances that servicers are now carrying. High delinquency rates, increased foreclosure timelines and, in some cases, the implementation of moratoriums, as well as increased listing times for real estate owned (REO) properties, are requiring servicers to fund significant expenses related to taxes and insurance, property preservation, legal fees, and principal and interest (P&I) advances. - MortgageOrb

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On “Rock Bottom” Housing Prices - Posted by Tyler Durden - For all who claim that rampant inflation is up next, and home price deflation is over, I present the following charts for readers to ruminate on just how much higher existing home sales inventories are relative to some semblance of a trendline, in addition to a long-term chart comparing CPI with the median home price. … - Zero Hedge

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Introducing the Housing Cycle GPA - A Leading Indicator for Housing - John Burns RE Consulting

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Refis:  One More Christmas Present (In May) - …  But there seems to be one more big monetary present now making its way into the US household budget. According to a recent report in the Wall Street Journal, half of the mortgage refinances in Q1 provided home owners the ability to lower their annual rate by at least 20%. … According to Nothaft that means on a $200,000 mortgage, borrowers are now saving on average $160 a month … - The Good News Economist