{"id":327961,"date":"2010-02-16T17:20:24","date_gmt":"2010-02-16T22:20:24","guid":{"rendered":"http:\/\/mortgagenewsclips.com\/2010\/02\/16\/mortgages-and-housing-mbs-spreads-narrow-westside-short-sale-double-dip-e-verify-act-improved-outlook-china-re-bubble-refi-unavailable-small-banks-home-insurance-housing-shortage\/"},"modified":"2010-02-16T17:20:24","modified_gmt":"2010-02-16T22:20:24","slug":"mortgages-and-housing-mbs-spreads-narrow-westside-short-sale-double-dip-e-verify-act-improved-outlook-china-re-bubble-refi-unavailable-small-banks-home-insurance-housing-shortage","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/327961","title":{"rendered":"Mortgages and Housing: MBS Spreads Narrow, Westside Short Sale, Double Dip, E-Verify Act, Improved Outlook, China RE Bubble, Refi Unavailable, Small Banks, Home Insurance, Housing Shortage"},"content":{"rendered":"<p><a href=\"http:\/\/billcoppedge.com\/\"><img loading=\"lazy\" decoding=\"async\" style=\"border-right-width: 0px; display: inline; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px\" title=\"bill-coppedge-dec09-1\" border=\"0\" alt=\"bill-coppedge-dec09-1\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/02\/billcoppedgedec09121.jpg\" width=\"83\" height=\"124\" \/><\/a> <a href=\"http:\/\/mortgagenewsclips.com\/\"><img loading=\"lazy\" decoding=\"async\" style=\"border-right-width: 0px; display: inline; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px\" title=\"original content selection by MortgageNewsClips.com\" border=\"0\" alt=\"original content selection by MortgageNewsClips.com\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/02\/originalcontentselectionbyMortgageNewsClips.com21.jpg\" width=\"289\" height=\"61\" \/><\/a> <\/p>\n<p>&#160;<\/p>\n<p><a href=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/02\/businessweek6.png\"><img loading=\"lazy\" decoding=\"async\" style=\"border-right-width: 0px; display: inline; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px\" title=\"businessweek\" border=\"0\" alt=\"businessweek\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/02\/businessweek_thumb6.png\" width=\"204\" height=\"45\" \/><\/a> <\/p>\n<p><strong>Fannie, Freddie Spreads Narrowest in 17 Years:<\/strong> Credit Markets &#8211; By Jody Shenn &#8211; &#8230; speculating cash the companies use to buy delinquent loans will be recycled back into the securities. &#8230;&#160; The difference between yields on Fannie Mae\u2019s current- coupon 30-year securities, which trade closest to face value, and 10-year Treasuries narrowed <strong>to as little as 0.66 percentage point yesterday, matching the lowest since 1992, according to data compiled by Bloomberg.<\/strong> &#8211; <a href=\"http:\/\/www.businessweek.com\/news\/2010-02-11\/fannie-freddie-spreads-narrowest-in-17-years-credit-markets.html\">Bloomberg BusinessWeek<\/a> <\/p>\n<p>&#8212;&#8212;&#8212;&#8212;<\/p>\n<p><a href=\"http:\/\/www.doctorhousingbubble.com\/real-homes-of-genius-%E2%80%93-santa-monica-westside-short-sale-action-how-to-go-from-770000-to-1200000-million-in-3-years-and-lose-it-all-the-short-sale-valentine-special-with-no-mortgage-pa\/\"><img loading=\"lazy\" decoding=\"async\" style=\"border-right-width: 0px; display: inline; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px\" title=\"dhb1\" border=\"0\" alt=\"dhb1\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/02\/dhb1.jpg\" width=\"177\" height=\"134\" \/><\/a> <a href=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/02\/drhousingbubble.png\"><img loading=\"lazy\" decoding=\"async\" style=\"border-right-width: 0px; display: inline; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px\" title=\"dr-housing-bubble\" border=\"0\" alt=\"dr-housing-bubble\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/02\/drhousingbubble_thumb.png\" width=\"244\" height=\"44\" \/><\/a> <\/p>\n<p><strong>Real Homes of Genius \u2013 Santa Monica Westside Short Sale Action. How to go from $770,000 to $1,200,000 Million in 3 Years and Lose it All.<\/strong> The Short Sale Valentine Special with No Mortgage Payment for Nearly Two Years.&#160; &#8212; <a href=\"http:\/\/www.doctorhousingbubble.com\/real-homes-of-genius-%E2%80%93-santa-monica-westside-short-sale-action-how-to-go-from-770000-to-1200000-million-in-3-years-and-lose-it-all-the-short-sale-valentine-special-with-no-mortgage-pa\/\">Dr. Housing Bubble<\/a> <\/p>\n<p>&#8212;&#8212;&#8212;&#8212;<\/p>\n<p><a href=\"http:\/\/seekingalpha.com\/article\/188257-housing-double-dip-zillow-says-yes-nar-can-t-see-it\"><img loading=\"lazy\" decoding=\"async\" style=\"border-right-width: 0px; display: inline; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px\" title=\"jl1\" border=\"0\" alt=\"jl1\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/02\/jl1.png\" width=\"342\" height=\"217\" \/><\/a> <a href=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/02\/seekingalpha2.png\"><img loading=\"lazy\" decoding=\"async\" style=\"border-right-width: 0px; display: inline; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px\" title=\"seeking-alpha\" border=\"0\" alt=\"seeking-alpha\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/02\/seekingalpha_thumb1.png\" width=\"183\" height=\"48\" \/><\/a> <\/p>\n<p><strong>Housing Double Dip? Zillow Says Yes, NAR Can&#8217;t See It<\/strong> &#8211; John Lounsbury &#8211; <a href=\"http:\/\/seekingalpha.com\/article\/188257-housing-double-dip-zillow-says-yes-nar-can-t-see-it\">Seeking Alpha<\/a> <\/p>\n<p>&#8212;&#8212;&#8212;&#8212;<\/p>\n<p><a href=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/02\/dsnews.png\"><img loading=\"lazy\" decoding=\"async\" style=\"border-right-width: 0px; display: inline; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px\" title=\"ds-news\" border=\"0\" alt=\"ds-news\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/02\/dsnews_thumb.png\" width=\"184\" height=\"40\" \/><\/a> <\/p>\n<p><strong>Congressman Introduces Mortgage E-Verify Act for GSE and FHA Mods<\/strong> &#8211; BY: CARRIE BAY &#8211; &#8230; Marchant, who is a member of the House Financial Services Committee, said, \u201c<strong>My bill will potentially save millions by cutting down on fraudulent claims from illegal immigrants and protect taxpayers from subsidizing the restructuring or renegotiation mortgages of illegal immigrants<\/strong>.\u201d&#160; According to Marchant, mandating the use of the E-Verify program to establish a homeowner\u2019s legal status would help eliminate waste, fraud, and abuse, and bring integrity to the mortgage modification process &#8211; <a href=\"http:\/\/www.dsnews.com\/articles\/congressman-introduces-mortgage-e-verify-act-for-gse-and-fha-mods-2010-02-11\">DS News<\/a> <\/p>\n<p>&#8212;&#8212;&#8212;&#8212;<\/p>\n<p><a href=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/02\/moodys.png\"><img loading=\"lazy\" decoding=\"async\" style=\"border-right-width: 0px; display: inline; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px\" title=\"moodys\" border=\"0\" alt=\"moodys\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/02\/moodys_thumb.png\" width=\"172\" height=\"49\" \/><\/a> <a href=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/02\/resrecap6.gif\"><img loading=\"lazy\" decoding=\"async\" style=\"border-right-width: 0px; display: inline; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px\" title=\"resrecap\" border=\"0\" alt=\"resrecap\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/02\/resrecap_thumb6.gif\" width=\"90\" height=\"49\" \/><\/a> <\/p>\n<p><strong>Slightly Improved US Housing Outlook May Delay Foreclosures But Prolong Price Decline<\/strong> -&#160; Moody\u2019s has raised its house price outlook Research Recap slightly but still does not expect much benefit from loan modification programs. &#8211; <a href=\"http:\/\/www.researchrecap.com\/index.php\/2010\/02\/12\/slightly-improved-housing-outlook-may-delay-foreclosures-but-prolong-price-decline\/\">Research Recap<\/a> <\/p>\n<p>&#8212;&#8212;&#8212;&#8212;<\/p>\n<p><a href=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/02\/ockhamresearchglass.png\"><img loading=\"lazy\" decoding=\"async\" style=\"border-right-width: 0px; display: inline; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px\" title=\"ockham-research-glass\" border=\"0\" alt=\"ockham-research-glass\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/02\/ockhamresearchglass_thumb.png\" width=\"162\" height=\"64\" \/><\/a>&#160;&#160; +&#160; <a href=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/02\/tmtgm1.png\"><img loading=\"lazy\" decoding=\"async\" style=\"border-right-width: 0px; display: inline; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px\" title=\"tmtgm\" border=\"0\" alt=\"tmtgm\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/02\/tmtgm_thumb1.png\" width=\"321\" height=\"53\" \/><\/a> <\/p>\n<p><strong>Bloomberg: More Evidence of Chinese Real Estate Bubble &#8211; by Ockham Research<\/strong> &#8211; &#8230; Jack Rodman of President of Global Distressed Solutions LLC, who has lived and worked in Beijing for the last eight years, <strong>estimates that nearly half of the office space in Beijing sits vacant &#8230;<\/strong> &#8211; <a href=\"http:\/\/blog.ockhamresearch.com\/index.php\/2010\/02\/bloomberg-more-evidence-of-chinese-real-estate-bubble\/\">Ockham Research Razor&#8217;s Edge<\/a> <\/p>\n<p>and    <br \/><strong>Where home prices rise 33% in five weeks<\/strong>&#8230; &#8211; Tim Iacono &#8211; This story in MarketWatch tells of one of the hottest new property markets in the world, just off the southern coast of &#8211; you guessed it &#8211; China, where rising prices make the 10 percent gain on the mainland during the month of January look almost tame by comparison. &#8211; <a href=\"http:\/\/themessthatgreenspanmade.blogspot.com\/2010\/02\/where-home-prices-rise-33-in-five-weeks.html\">The Mess That      <br \/>Greenspan Made<\/a><\/p>\n<\/p>\n<p>&#8212;&#8212;&#8212;&#8212;<\/p>\n<p><a href=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/02\/washingtonpost6.jpg\"><img loading=\"lazy\" decoding=\"async\" style=\"border-right-width: 0px; display: inline; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px\" title=\"washington-post\" border=\"0\" alt=\"washington-post\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/02\/washingtonpost_thumb6.jpg\" width=\"210\" height=\"42\" \/><\/a> <\/p>\n<p><strong>Refinancing unavailable for many borrowers &#8211;<\/strong> By Dina ElBoghdady and Renae Merle &#8211; &#8230; Half of the nation&#8217;s borrowers have mortgages with rates above 6 percent even though the average rate on 30-year, fixed-rate mortgages has been about 5 percent for most of the past year,&#8230; <strong>Many borrowers who tried to refinance have found they&#8217;re stuck because the value of their homes has tumbled and their equity has melted away. Others have been shut out because lenders tightened their requirements, <\/strong>demanding stellar credit and low debt.&#160; &#8211; <a href=\"http:\/\/www.washingtonpost.com\/wp-dyn\/content\/article\/2010\/02\/13\/AR2010021303745.html?hpid=topnews\">The Washington Post<\/a>     <br \/>&#8212;&#8212;&#8212;&#8212;<\/p>\n<p><a href=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/02\/nydailynews1.png\"><img loading=\"lazy\" decoding=\"async\" style=\"border-right-width: 0px; display: inline; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px\" title=\"ny-daily-news1\" border=\"0\" alt=\"ny-daily-news1\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/02\/nydailynews1_thumb.png\" width=\"221\" height=\"42\" \/><\/a> <\/p>\n<p><strong>Small banks to the rescue: A ray of hope in the coming storm of default &#8211;<\/strong> ERROL LOUIS &#8211; <a href=\"http:\/\/www.nydailynews.com\/opinions\/2010\/02\/14\/2010-02-14_small_banks_to_the_rescue.html\">NY Daily News<\/a>&#160; <\/p>\n<p>&#8212;&#8212;&#8212;&#8212;<\/p>\n<p><a href=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/02\/edconarchy11.png\"><img loading=\"lazy\" decoding=\"async\" style=\"border-right-width: 0px; display: inline; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px\" title=\"ed-conarchy1\" border=\"0\" alt=\"ed-conarchy1\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/02\/edconarchy1_thumb.png\" width=\"244\" height=\"55\" \/><\/a> <\/p>\n<p>video: <strong>What Your Home Insurance Does Not Cover<\/strong> &#8211; Ed Conarchy &#8211; In this week\u2019s Conarchy\u2019s Corner (length: 8 minutes) Ed Conarchy wants to know if you felt the shake, rattle and roll of the 3.8 magnitude <strong>earthquake in Northern Illinois<\/strong> at 3:59am Wednesday. It\u2019s a good time then to remind you that your standard homeowners insurance policy does not protect you from many things, including earthquakes. <strong>Ed will show you the complete list of things not covered ..<\/strong>. &#8211; <a href=\"http:\/\/www.edconarchy.com\/?p=1061\">Ed Conarchy Mortgage Planner<\/a>     <br \/>&#8212;&#8212;&#8212;&#8212;<\/p>\n<p><a href=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/02\/forbes_home_logo2.gif\"><img loading=\"lazy\" decoding=\"async\" style=\"border-right-width: 0px; display: inline; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px\" title=\"forbes_home_logo\" border=\"0\" alt=\"forbes_home_logo\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/02\/forbes_home_logo_thumb2.gif\" width=\"154\" height=\"53\" \/><\/a> <\/p>\n<p><strong>Housing Shortage Coming In 2011<\/strong> &#8211; Alexandra Zendrian &#8211; If new houses aren&#8217;t built soon in the U.S., there won&#8217;t be enough next year. &#8211; <a href=\"http:\/\/www.forbes.com\/2010\/02\/13\/wesbury-housing-starts-intelligent-investing-real-estate.html?partner=daily_newsletter\">Forbes<\/a> <\/p>\n<p>and    <br \/>Transript: Brian Wesbury &#8211; Steve Forbes &#8211; V-Shaped Recovery&#160; -&#160; <strong>Brian Wesbury tells Steve Forbes we&#8217;re in for a housing shortage next year. &#8211; also that mortgage securitization is a long way away<\/strong> \u2013 <a href=\"http:\/\/www.forbes.com\/2010\/02\/13\/wesbury-mark-to-market-intelligent-investing-housing_print.html\">Forbes<\/a><\/p>\n<div class=\"feedflare\">\n<a href=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?a=1oXVKivq14g:RBsxbz8R2OU:yIl2AUoC8zA\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?d=yIl2AUoC8zA\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?a=1oXVKivq14g:RBsxbz8R2OU:D7DqB2pKExk\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?i=1oXVKivq14g:RBsxbz8R2OU:D7DqB2pKExk\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?a=1oXVKivq14g:RBsxbz8R2OU:F7zBnMyn0Lo\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?i=1oXVKivq14g:RBsxbz8R2OU:F7zBnMyn0Lo\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?a=1oXVKivq14g:RBsxbz8R2OU:V_sGLiPBpWU\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?i=1oXVKivq14g:RBsxbz8R2OU:V_sGLiPBpWU\" border=\"0\"><\/img><\/a>\n<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/mortgagenewsclips\/qTBe\/~4\/1oXVKivq14g\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#160; Fannie, Freddie Spreads Narrowest in 17 Years: Credit Markets &#8211; By Jody Shenn &#8211; &#8230; speculating cash the companies use to buy delinquent loans will be recycled back into the securities. &#8230;&#160; The difference between yields on Fannie Mae\u2019s current- coupon 30-year securities, which trade closest to face value, and 10-year Treasuries narrowed to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-327961","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/327961","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=327961"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/327961\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=327961"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=327961"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=327961"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}