{"id":176738,"date":"2010-01-13T20:14:16","date_gmt":"2010-01-14T01:14:16","guid":{"rendered":"http:\/\/mortgagenewsclips.com\/2010\/01\/13\/mortgage-and-housing-related-annaly-gse-delinquencies-cut-the-principal-bill-dallas-walk-away-gse-non-prime-amherst-on-re-defaults\/"},"modified":"2010-01-13T20:14:16","modified_gmt":"2010-01-14T01:14:16","slug":"mortgage-and-housing-related-annaly-gse-delinquencies-cut-the-principal-bill-dallas-walk-away-gse-non-prime-amherst-on-re-defaults","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/176738","title":{"rendered":"Mortgage and Housing Related: Annaly, GSE Delinquencies, Cut the Principal, Bill Dallas, Walk Away, GSE Non-Prime, Amherst on Re-Defaults"},"content":{"rendered":"

\"bill-coppedge-dec09-1\"<\/a> \"original<\/a> <\/p>\n

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\"annaly1\"<\/a> <\/p>\n

Annaly Capital Management Announces Monthly Commentary for December<\/strong><\/a> <\/p>\n

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\"washington-post\"<\/a> <\/p>\n

Mortgage delinquencies up at Fannie Mae and Freddie Mac<\/strong> –  Delinquent home loans at government-controlled mortgage finance giants Fannie Mae and Freddie Mac surged 20 percent from July through September, according to a new report by the companies’ regulator, the Federal Housing Finance Agency.  Almost 1.6 million borrowers had not made their mortgage payments for at least two months. That’s about 5.18 percent of all borrowers.<\/strong> Year over year, the number of delinquencies more than doubled. – Washington Post<\/a> <\/p>\n

good thoughtful piece: Pushing down mortgage principals –<\/strong> By Kevin Huffman –  About one-quarter of Americans who have mortgages are underwater, meaning 11 million to 15 million people owe more money than their homes are worth. Let me introduce you to one of them: me. <\/strong>… – Washington Post<\/a>
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\"hw1\"<\/a> <\/p>\n

EXCLUSIVE: MAGAZINE PREVIEWS: Bill Dallas Back?<\/strong> – by AUSTIN KILGORE – In 1981, William \u201cBill\u201d Dallas founded mortgage lender First Franklin, and for nearly 30 years, he led the company through multiple ownership changes before its final owner, Merrill Lynch, closed it in 2008.  Since then, Dallas was involved in a number of mortgage-related companies, and while he wasn\u2019t in the business of writing loans, he kept himself busy with other projects.  Now he\u2019s back.  If he\u2019s successful in his newest venture, Skyline Financial, Dallas believes he can change how borrowers and the mortgage industry do business. –<\/strong> HousingWire<\/a>  <\/p>\n

Home > Servicing\/Default > Redefault Rates \u2018Tragic\u2019, Says Amherst<\/strong>  – by DIANA GOLOBAY – … However, re-performance rates, where payments return to less than two months delinquent, were down and re-default rates \u201ctragic\u201d in November, according to market commentary provided by the firm.  The Amherst report, based on November payment data covering 98% of loans backing private-label MBS, said cash flow velocity continued to decline. … – HousingWire<\/a> <\/p>\n

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\"reuters\"<\/a>   +  \"huffington-post\"<\/a> <\/p>\n

Walking Away – The next real-estate bust – Felix Salmon<\/strong> – Now that Roger Lowenstein has published an article in the NYT Magazine headlined \u201cWalk Away From Your Mortgage!\u201d, I think we can safely stay that what started as a controversial and minority stance has at this point become thoroughly mainstream. (The corollary is that arguments in favor of paying one\u2019s debts are now contrarian.)<\/strong> It\u2019s a credit to Mark Gimein that his blog entry from 14 months ago, entitled \u201cMorally Conflicted About Walking Away? Don\u2019t Be\u201c, was not only one of the first places to make this point, but still stands out as one of the best expressions of the argument. – Reuters<\/a> <\/p>\n

and
David Paul – Demanding that Homeowners Make Good on Underwater Mortgages is the Height of Moral Hypocrisy<\/strong> – Huffington Post<\/a> <\/p>\n

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\"powerline\"<\/a> <\/p>\n

MORE ON THE FANNIE MAE\/FREDDIE MAC FRAUD<\/strong> – by John – I wrote here about a very important story, which originated with Edward Pinto, a former chief credit officer for Fannie Mae, and was broken by Peter Wallison<\/strong> in the Wall Street Journal, that deserves much wider coverage. Everyone knows that Fannie Mae and Freddie Mac, the government-sponsored entities that helped create a market for mortgage-backed securities, played a key role in last year’s financial crisis. But the truth is, apparently, worse than that. It seems that Fannie Mae and Freddie Mac–the U.S. government, in effect–”routinely misrepresented the mortgages they were acquiring, reporting them as prime when they had characteristics that made them clearly subprime or Alt-A….”<\/strong> – Powerline Blog<\/a><\/p>\n

\n<\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a>\n<\/div>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

  Annaly Capital Management Announces Monthly Commentary for December  ———— Mortgage delinquencies up at Fannie Mae and Freddie Mac –  Delinquent home loans at government-controlled mortgage finance giants Fannie Mae and Freddie Mac surged 20 percent from July through September, according to a new report by the companies’ regulator, the Federal Housing Finance Agency.  Almost […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-176738","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/176738","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=176738"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/176738\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=176738"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=176738"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=176738"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}