{"id":272694,"date":"2010-02-03T17:42:42","date_gmt":"2010-02-03T22:42:42","guid":{"rendered":"http:\/\/mortgagenewsclips.com\/2010\/02\/03\/mortgages-real-estate-and-housing-stay-or-walk-china-re-sunwest-modifications-forensic-loan-audits-mbs-markets-fixes-barney-frank-time-to-lowball-principal-reduction-plans\/"},"modified":"2010-02-03T17:42:42","modified_gmt":"2010-02-03T22:42:42","slug":"mortgages-real-estate-and-housing-stay-or-walk-china-re-sunwest-modifications-forensic-loan-audits-mbs-markets-fixes-barney-frank-time-to-lowball-principal-reduction-plans","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/272694","title":{"rendered":"Mortgages, Real Estate, and Housing: Stay or Walk, China RE, SunWest, Modifications, Forensic Loan Audits, MBS Markets, Fixes, Barney Frank, Time to Lowball, Principal Reduction Plans"},"content":{"rendered":"

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

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

NPR: To Stay Or Walk Away<\/strong> – by CalculatedRisk – Here is an interesting podcast from NPR’s Planet Money: To Stay Or Walk Away – … interview Arizona attorney Mary Kinsley. …
Now homeowners call, their voices calm, and ask her the best way to strategically default – and in some cases how to get the banks to take back the houses they’ve been delinquent on for over a year. Pretty amazing. She thinks this is just the beginning of "walking away".<\/strong> … – Calculated Risk Blog<\/a>
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\"seeking-alpha1\"<\/a> <\/p>\n

4 Reference Points on China Real Estate<\/strong> – Patrick Chovanec – Sometimes a picture of reality is formed from the accumulation of many small data points, perhaps insignificant in themselves, but together forming a compelling impression. I wanted to share a couple of interesting reference points I\u2019ve come across in relation to China\u2019s real estate market, and the question of whether there\u2019s a bubble in that market. – Seeking Alpha<\/a> <\/p>\n

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

SunWest Continues to Play Important Role in Reverse Mortgage MBS Market<\/strong> – Sun West Mortgage Company today announced that it has crossed the $2 Billion mark in HECM Mortgage Backed Securities (HMBS).<\/strong> … SunWest is able to automate the process of organizing and formatting the loan data, both for transmission to the issuer\u2019s document custodian and for delivery to Ginnie Mae through GinnieNET said a company statement. In addition, the system\u2019s flexible design enables rapid integration with most industry standard reverse mortgage loan servicing software. – Reverse Mortgage Daily<\/a>
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\"supply-and-demand-in-that-order\"<\/a> <\/p>\n

Foreclosures, Enforcement, and Collections under the Federal Mortgage Modification Guidelines<\/strong> – Casey Milligan – … Through their income share target and \u201cNPV test,\u201d the federal modification programs have manufactured a tradeoff between the number of foreclosures prevented in the short term and the durability of those foreclosure prevention efforts,  … (tells how program has not been a success)<\/strong> – Supply and Demand In That Order<\/a>
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\"mortgage-orb\"<\/a> <\/p>\n

When Forensic Loan Audits Are Used Against Lenders<\/strong> – BY STEVE BERGSMAN – … "Every constituent along the way is looking for their own get-out-of-jail-free card," observes Frank Pallotta<\/strong>, a principal with Loan Value Group LLC of Rumson, N.J. "I’ve been seeing this for the last two years. … – MortgageOrb<\/a>
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\"reuters\"<\/a> <\/p>\n

US MBS market should weather Fed exit-Freddie exec<\/strong> – By Al Yoon – The $5 trillion market for U.S. agency mortgage-backed securities should be able to weather the scheduled end of Federal Reserve purchases as value-seeking investors fill the void, a Freddie Mac executive said on Monday – Reuters<\/a> 
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\"but-then-what\"<\/a> <\/p>\n

The Latest Housing Fixes –<\/strong> Tom Lindmark – … Today was the first day of FHA\u2019s capitulation. House flippers no longer need worry about holding a property for 90 days<\/strong> before a buyer is eligible for FHA financing.  … Not to be outdone, Fannie is offering 3.5% seller assistance on its inventory of foreclosures<\/strong>. The assistance can be used to cover closing costs. Put it together with first time buyer tax credit and you can literally move in with no money down and conceivably end up with some cash left over … has more thoughts – But Then What<\/a> <\/p>\n

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\"the-atlantic\"<\/a> <\/p>\n

Barney Frank: The Poor Should Rent, Not Own<\/strong> – by Daniel Indiviglio – The Atlantic<\/a>
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\"business-insider-money-game\"<\/a> <\/p>\n

Dear Homebuyers: It’s Time To Start Lowballing Like Crazy Again<\/strong> – Gus Lubin – Money Game at Business Insider<\/a><\/p>\n

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

Homeownership Finally Back To Pre-Bubble Levels, But We’ve Got A Long Way To Fall <\/strong>– Joe Weisenthal – Money Game at Business Insider<\/a>
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\"nyt-bucks-blog\"<\/a>   \"nyt1\"<\/a> <\/p>\n

has 3 plan summaries – Proposals to Reduce Mortgage Principal<\/strong> – By JENNIFER SARANOW SCHULTZ – The Zandi plan, The Posner and Zingales plan, the Brent White plan  – NY Times Bucks Blog<\/a><\/p>\n

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

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

  NPR: To Stay Or Walk Away – by CalculatedRisk – Here is an interesting podcast from NPR’s Planet Money: To Stay Or Walk Away – … interview Arizona attorney Mary Kinsley. … Now homeowners call, their voices calm, and ask her the best way to strategically default – and in some cases how to […]<\/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-272694","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/272694","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=272694"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/272694\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=272694"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=272694"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=272694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}