{"id":193433,"date":"2010-01-18T07:29:15","date_gmt":"2010-01-18T12:29:15","guid":{"rendered":"http:\/\/mortgagenewsclips.com\/2010\/01\/18\/mortgage-related-foreclosures-plosser-option-arms-annaly-jumbo-defaults-decreased-production-delinquencies-bob-corker-multifamily-gses-lose-bofa-hamp-reverse-mortgage-dave-stevens\/"},"modified":"2010-01-18T07:29:15","modified_gmt":"2010-01-18T12:29:15","slug":"mortgage-related-foreclosures-plosser-option-arms-annaly-jumbo-defaults-decreased-production-delinquencies-bob-corker-multifamily-gses-lose-bofa-hamp-reverse-mortgage-dave-stevens","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/193433","title":{"rendered":"Mortgage Related: Foreclosures, Plosser, Option Arms, Annaly, Jumbo Defaults, Decreased Production, Delinquencies, Bob Corker, Multifamily, GSEs Lose, BofA HAMP, Reverse Mortgage, Dave Stevens"},"content":{"rendered":"

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

 <\/p>\n

\"rt1\"<\/a> \"business-insider-money-game\"<\/a> <\/p>\n

How The Record 2.8 Million Foreclosures In 2009 Could Have Been A Lot Worse<\/strong> – Joe Weisenthal – The forelosure specialists at RealtyTrac are out with their end-of-year tally for 2009.  Their conclusion: It was an ugly year that would have been a lot worse without massive government intervention. … we saw four straight monthly decreases driven primarily by short-term factors: trial loan modifications, state legislation extending the foreclosure process and an overwhelming volume of inventory clogging the foreclosure pipeline. …<\/strong> – Money Game at Business Insider<\/a><\/p>\n

————<\/p>\n

\"marketwatch1\"<\/a> <\/p>\n

Fed must let mortgage market stand on own, Plosser says<\/strong> – By Rex Nutting – Higher interest rates are needed before unemployment rate drops  – The Federal Reserve must cede control of the mortgage market back to the private sector or risk delaying the return of normal markets, a policy maker of the central bank said Tuesday. – MarketWatch<\/a> <\/p>\n

————<\/p>\n

\"cr1\"<\/a> \"calculated-risk\"<\/a> <\/p>\n

More on Option ARMs<\/strong> – by CalculatedRisk – … On negative equity, this graph from Amherst<\/strong> shows the CLTV for various mortgage products. Note that subprime and Alt-A had a somewhat higher percent of borrowers with negative equity than prime – but Option ARMs (red) borrowers are mostly in negative equity!<\/strong> … – Calculated Risk Blog<\/a>
————<\/p>\n

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

has exerpts: Annaly Capital Releases RMBS\/CMBS Research<\/strong> – By: AFP Staff<\/a> <\/p>\n

————<\/p>\n

\"business-insider-money-game\"<\/a><\/p>\n

Jumbo RMBS Defaults Triple: California, Florida, And New York Lead the Way<\/strong> – Joe Weisenthal – Money Game at Business Insider<\/a> <\/p>\n

————<\/p>\n

\"zero-hedge\"<\/a> <\/p>\n

In One Short Month, MBA Now Sees 2010 Morgtage Originations Plummeting By Even More<\/strong> – Submitted by Tyler Durden – …  While in December, the Mortgage Brokers Association anticipated an already staggering 24% drop in mortgage originations, a mere month later they now see the drop to be 40%. And all this occurring with Q.E.’s MBS purchases set to expire in less than 3 months.  …<\/strong> – Zero Hedge<\/a>
————<\/p>\n

\"mortgage-orb\"<\/a> <\/p>\n

Senator Corners Geithner On GSEs <\/strong>– Treasury Secretary Tim Geithner has been asked by a member of the Senate Banking Committee to explain the Christmas Eve decision to uncap federal support for Fannie Mae and Freddie Mac. <\/strong>In a letter to Geithner Monday, Sen. Bob Corker, R-Tenn., expressed concern about the “lack of understanding and transparency around this arrangement” and asked Geithner to respond to a series of questions about the action. … – MortgageOrb<\/a> <\/p>\n

————<\/p>\n

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

Freddie Mac plans multifamily bonds every other month<\/strong> – Freddie Mac said on Wednesday it plans to sell about $1.1 billion of multifamily mortgage-backed securities known as “K Certificates” later this month. – Reuters<\/a> <\/p>\n

————<\/p>\n

\"fitch-ratings\"<\/a> \"resrecap\"<\/a> <\/p>\n

Delinquencies of US Prime Jumbo Mortgages Triple in Latest Year to Exceed 9%<\/strong> – More U.S. prime jumbo borrowers are falling and staying behind on their monthly mortgage payments, according to Fitch Ratings.  Overall, prime RMBS 60+ days delinquencies rose to 9.2% for December 2009, up almost three times compared to the same period last year (3.2% in December 2008). The 2006\/2007 vintages combined rose to 12.7% from 4.3%. – Research Recap<\/a> <\/p>\n

————<\/p>\n

\"hw1\"<\/a><\/p>\n

HousingWire section:<\/strong><\/p>\n

More than 13% of Mortgages Delinquent or Foreclosed in November: LPS<\/strong> – by JON PRIOR – HousingWire<\/a> <\/p>\n

GSEs Could Lose $448bn on MBS Guarantees, Says Amherst<\/strong> – by DIANA GOLOBAY – Losses on the combined credit-guarantee books of government-sponsored enterprises (GSEs) Freddie Mac and Fannie Mae could reach 9.6% \u2013 or $448bn \u2013 … The projections are the first round of analysis Amherst has conducted that include the LoanPerformance Prime Servicing Database compiled by First American CoreLogic \u2013 the property and ownership information provider subsidiary of The First American Corp. … – HousingWire<\/a> <\/p>\n

BofA Permanent HAMP Modifications Jump from 98 to 3,200 in December<\/strong> – by JON PRIOR – HousingWire<\/a><\/p>\n

————<\/p>\n

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

Judge Voids Reverse Mortgage, Says Counseling Fails to Prove Competency<\/strong> – Reva Minkoff  – Reverse Moertgage Daily<\/a> <\/p>\n

————<\/p>\n

\"dave-stevens-letter\"<\/a> <\/p>\n

A message from the FHA Commissioner – Dave Stevens January Letter<\/strong> – good Q&A – HUD.gov<\/a><\/p>\n

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

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

  How The Record 2.8 Million Foreclosures In 2009 Could Have Been A Lot Worse – Joe Weisenthal – The forelosure specialists at RealtyTrac are out with their end-of-year tally for 2009.  Their conclusion: It was an ugly year that would have been a lot worse without massive government intervention. … we saw four straight […]<\/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-193433","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/193433","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=193433"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/193433\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=193433"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=193433"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=193433"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}