{"id":408833,"date":"2010-03-09T19:12:15","date_gmt":"2010-03-10T00:12:15","guid":{"rendered":"http:\/\/mortgagenewsclips.com\/2010\/03\/09\/mortgage-related-robert-shiller-pay-to-leave-repurchases-10-deadbeats-ny-first-time-doing-fine-barney-letter\/"},"modified":"2010-03-09T19:12:15","modified_gmt":"2010-03-10T00:12:15","slug":"mortgage-related-robert-shiller-pay-to-leave-repurchases-10-deadbeats-ny-first-time-doing-fine-barney-letter","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/408833","title":{"rendered":"Mortgage Related: Robert Shiller, Pay To Leave, Repurchases, 10 Deadbeats, NY First Time, Doing Fine, Barney Letter"},"content":{"rendered":"

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

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

Mom, Apple Pie and Mortgages – By ROBERT J. SHILLER<\/strong> – … In fact, there is much more to the history of subsidizing housing<\/strong>. While the crisis in the housing market shows that our current approach is far from perfect, there is a certain wisdom behind it, related not only to economic stimulus but also to the preservation of a sense of national identity<\/strong>. It\u2019s important to remember this as we consider re-engineering our institutions as the crisis ebbs. … – NY Times<\/a> <\/p>\n

Program Will Pay Homeowners to Sell at a Loss<\/strong> – By DAVID STREITFELD – In an effort to end the foreclosure crisis, the Obama administration<\/strong> has been trying to keep defaulting owners in their homes. Now it will take a new approach: paying some of them to leave.<\/strong>  This latest program, which will allow owners to sell for less than they owe and will give them a little cash to speed them on their way, is one of the administration\u2019s most aggressive attempts to grapple with a problem that has defied solutions … – NY Times<\/a> <\/p>\n

Help for First-Time Buyers<\/strong> – By BOB TEDESCHI – LOOKING for a fixed-rate mortgage with a competitively low interest rate, but armed with only 3 percent for a down payment, a low credit score and a modest annual income?  Thanks to an infusion of federal support<\/strong> late last year through the economic stimulus package, the State of New York Mortgage Agency<\/strong>, or Sonyma, is now offering 30-year affordable-housing loans at 4.75 percent,<\/strong> down from an average rate of 5.25 to 5.75 percent last year and well below the 5 percent or so being offered by mainstream lenders to their best customers. – NY Times<\/a> <\/p>\n

Doing great – Old-Fashioned Bulwark in a Tide of Foreclosures <\/strong>– … Of more than 60,000 New York homes built or rehabilitated by the city in partnership with nonprofit groups like Nehemiah and Neighborhood Housing Services over three decades, fewer than 1 percent have fallen into foreclosure<\/strong>. … – NY Times<\/a><\/p>\n

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Repurchased Loans Putting Banks in Hole –<\/strong> By APARAJITA SAHA-BUBNA – The rising tide "is definitely a surprise," said Ajay Rajadhyaksha, head of U.S. fixed-income and securitized strategy at the Barclays PLC unit. "Most investors haven’t really focused on this issue and are surprised on how much impact this could have, including on earnings." – Wall Street Journal<\/a> <\/p>\n

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

has list of 10 – Uncle Sam’s Deadbeat Mortgage Lenders –<\/strong> Asher Hawkins – Will these 10 firms’ high default ratios wind up costing taxpayers a bundle? – Forbes<\/a> <\/p>\n

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\"sense-on-cents\"<\/a>   +  \"zerohedge\"<\/a> <\/p>\n

Barney Frank Urges Wall Street to Write Off Second Liens<\/strong>  – Posted by Larry Doyle – has letter and comments<\/strong> – Sense on Cents<\/a> <\/p>\n

and <\/p>\n

Barney Frank "Asks" Top Four Banks To Write Down Second-Lien Mortgages, Claims Have No Economic Value<\/strong> – Submitted by Tyler Durden – Zero Hedge<\/a><\/p>\n

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

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  Mom, Apple Pie and Mortgages – By ROBERT J. SHILLER – … In fact, there is much more to the history of subsidizing housing. While the crisis in the housing market shows that our current approach is far from perfect, there is a certain wisdom behind it, related not only to economic stimulus but […]<\/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-408833","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/408833","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=408833"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/408833\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=408833"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=408833"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=408833"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}