Homeowner Warning: Mortgage Payments Lost In Ginnie Mae Shuffle – Asher Hawkins – Lend America shutdown shows risks with fed-backed lenders. – When the government shuts down a federally guaranteed home lender, it leads to headaches for homeowners whose mortgage payments are at risk of getting lost in the shuffle. – Forbes
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Speech: Envisioning a Future for Housing Finance – Governor Elizabeth A. Duke – At the Mortgage Foreclosure Policy Conference, Federal Reserve Bank of Chicago – FR Board of Governors
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Foreclosure relief program is stuck in first – JUST 4 PERCENT IN FINAL STAGE – By Renae Merle – Thousands now risk losing mortgage help – Washington Post
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Invisible threat to home values – By Marilyn Kennedy Melia – on spotting clusters of “underwater” homes – Bankrate.com
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BUYING MBS SECTION:
NY Fed says bought $1.570 bln of U.S. agency debt – … aiming to hold down mortgage rates and revive economic growth. … – Reuters
and
WHERE HAVE ALL THE MBS GONE? – … The Fed purchases represent roughly 12% of the market. This begs the question: who did they buy all of these securities from? … MBS represent a significant risk to the financial system once the Fed stops buying them. US households were right to liquidate their holdings. Once the Fed is gone from the market, there will be no incremental buyer and prices could collapse. … gives answers to who the buyers are – The Hedonic Calculus Blog