{"id":431210,"date":"2010-03-15T19:42:16","date_gmt":"2010-03-15T23:42:16","guid":{"rendered":"http:\/\/mortgagenewsclips.com\/2010\/03\/15\/mortgages-and-real-estate-china-re-bubble-extend-and-pretend-short-sale-fraud-elasticity-rescap-sale-more-foreclosures-flippers-raise-fha-downpayment-banks-vs-frank-getting-a-mortgage-cash\/"},"modified":"2010-03-15T19:42:16","modified_gmt":"2010-03-15T23:42:16","slug":"mortgages-and-real-estate-china-re-bubble-extend-and-pretend-short-sale-fraud-elasticity-rescap-sale-more-foreclosures-flippers-raise-fha-downpayment-banks-vs-frank-getting-a-mortgage-cash","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/431210","title":{"rendered":"Mortgages and Real Estate: China RE Bubble, Extend and Pretend, Short Sale Fraud, Elasticity, ResCap Sale?, More Foreclosures, Flippers, Raise FHA Downpayment, Banks vs Frank, Getting A Mortgage, Cash for Keys"},"content":{"rendered":"<p><a href=\"http:\/\/billcoppedege.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\/03\/billcoppedgedec09121.jpg\" width=\"76\" height=\"113\" \/><\/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\/03\/originalcontentselectionbyMortgageNewsClips.com21.jpg\" width=\"282\" height=\"60\" \/><\/a> <\/p>\n<p>&#160;<\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/the-mindblowing-bubble-in-the-miami-of-china-2010-3\"><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=\"bihaikou\" border=\"0\" alt=\"bihaikou\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/03\/bihaikou.png\" width=\"367\" height=\"269\" \/><\/a> <a href=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/03\/businessinsidermoneygame5.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=\"business-insider-money-game\" border=\"0\" alt=\"business-insider-money-game\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/03\/businessinsidermoneygame_thumb5.png\" width=\"124\" height=\"65\" \/><\/a> <\/p>\n<p><strong>The Mindblowing Bubble In The &quot;Miami Of China&quot; &#8211;<\/strong> Joe Weisenthal &#8211; Miami was one of the ground zeroes of the US property bubble, and it seems that the Miami of China &#8212; Haikou &#8212; is experiencing the same. &#8211; <a href=\"http:\/\/www.businessinsider.com\/the-mindblowing-bubble-in-the-miami-of-china-2010-3\">Money Game at Business Insider<\/a> <\/p>\n<p>&#8212;&#8212;&#8212;&#8212;<\/p>\n<p><a href=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/03\/resrecap.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\/03\/resrecap_thumb.gif\" width=\"109\" height=\"59\" \/><\/a> <\/p>\n<p><strong>It\u2019s \u201cExtend and Pretend\u201d All Over Again for US Banks\u2019 Commercial Real Estate Loans &#8211;<\/strong> by James A. Kaplan, Chairman and CEO, Audit Integrity &#8211; <a href=\"http:\/\/www.researchrecap.com\/index.php\/2010\/03\/10\/its-extend-and-pretend-all-over-again-for-us-banks-cre-loans\/\">Research Recap<\/a>     <br \/>&#8212;&#8212;&#8212;&#8212;<\/p>\n<p><a href=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/03\/hw12.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=\"hw1\" border=\"0\" alt=\"hw1\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/03\/hw1_thumb2.gif\" width=\"285\" height=\"37\" \/><\/a> <\/p>\n<p><strong>Short Sale Fraud Fears Grow as HAFA Gets Set to Pop<\/strong> &#8211; by JON PRIOR &#8211; <a href=\"http:\/\/www.housingwire.com\/2010\/03\/10\/short-sale-fraud-fears-grow-as-hafa-gets-set-to-pop\/\">HousingWire<\/a>     <br \/>&#8212;&#8212;&#8212;&#8212;<\/p>\n<p><a href=\"http:\/\/caseymulligan.blogspot.com\/2010\/03\/short-run-elasticity-of-housing-supply.html\"><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=\"casey1\" border=\"0\" alt=\"casey1\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/03\/casey1.jpg\" width=\"312\" height=\"241\" \/><\/a> <a href=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/03\/supplyanddemandcaseymulligan.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=\"supply-and-demand-casey-mulligan\" border=\"0\" alt=\"supply-and-demand-casey-mulligan\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/03\/supplyanddemandcaseymulligan_thumb.png\" width=\"244\" height=\"29\" \/><\/a> <\/p>\n<p><strong>The Short Run Elasticity of Housing Supply <\/strong>&#8211; Casey Mulligan &#8211; The elasticity of housing supply is the effect on the flow of home building (measured as a log change &#8212; think of it as a percentage change) of the inflation-adjusted purchase price of housing (also measured as a log change). &#8230; <strong>Unfortunately, I have noted before that various housing price indices disagree widely about the magnitude of the housing price boom.<\/strong>&#160; &#8230; &#8211; <a href=\"http:\/\/caseymulligan.blogspot.com\/2010\/03\/short-run-elasticity-of-housing-supply.html\">Supply and Demand, In That Order<\/a>     <br \/>&#8212;&#8212;&#8212;&#8212;<\/p>\n<p><a href=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/03\/nypmasthead2.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=\"nypmasthead2\" border=\"0\" alt=\"nypmasthead2\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/03\/nypmasthead2_thumb.gif\" width=\"240\" height=\"44\" \/><\/a> <\/p>\n<p><strong>Goldman hired for ResCap sale: sources<\/strong> &#8211; By JOSH KOSMAN &#8211; &#8230; With Goldman hired, <strong>it&#8217;s increasingly more likely that billionaire Warren Buffett might step up and buy ResCap.<\/strong> Indeed, the Berkshire Hathaway chief owns a sizable chunk of ResCap&#8217;s debt and has been interested for months in buying the lender. &#8230; &#8211; <a href=\"http:\/\/www.nypost.com\/p\/news\/business\/goldman_hired_for_rescap_sale_sources_Xa7JEUHGXYiE5qXh1dg9SO#ixzz0hy4PUR54\">NY Post<\/a>&#160; <br \/>&#8212;&#8212;&#8212;&#8212;<\/p>\n<p><a href=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/03\/washingtonpost2.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\/03\/washingtonpost_thumb2.jpg\" width=\"190\" height=\"39\" \/><\/a> <\/p>\n<p><strong>New round of foreclosures threatens housing market<\/strong> &#8211; By Renae Merle &#8211; &#8230; <strong>About 5 million to 7 million properties are potentially eligible for foreclosure but have not yet been repossessed and put up for sale<\/strong>.&#160; &#8230; &#8211; <a href=\"http:\/\/www.washingtonpost.com\/wp-dyn\/content\/article\/2010\/03\/11\/AR2010031104866.html\">Washington Post<\/a> <\/p>\n<p>&#8212;&#8212;&#8212;&#8212;<\/p>\n<p><a href=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/03\/nyt2.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=\"nyt\" border=\"0\" alt=\"nyt\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/03\/nyt_thumb2.png\" width=\"199\" height=\"36\" \/><\/a> <\/p>\n<p><strong>does NOT name names &#8211; Mortgage Bonds Make a Comeback<\/strong> &#8211; By ANTONY CURRIE and CHRISTOPHER SWANN &#8211; <a href=\"http:\/\/www.nytimes.com\/2010\/03\/12\/business\/12views.html\">NYT Business<\/a> <\/p>\n<p>&#8212;&#8212;&#8212;&#8212;<\/p>\n<p><a href=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/03\/msnrealestate.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=\"msn-real-estate\" border=\"0\" alt=\"msn-real-estate\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/03\/msnrealestate_thumb.png\" width=\"203\" height=\"45\" \/><\/a> <\/p>\n<p><strong>Can flippers save the housing market?<\/strong> &#8211; In an attempt to breathe more life into the housing market, HUD is changing an FHA rule that prohibited insuring any home sold in fewer than 90 days. <strong>Officials hope the change will help rehabilitate distressed properties faster and raise home values<\/strong>. &#8211; By Melinda Fulmer of <a href=\"http:\/\/realestate.msn.com\/article.aspx?cp-documentid=23616063&amp;icid=msnre_moneyhp\">MSN Real Estate<\/a> <\/p>\n<p>&#8212;&#8212;&#8212;&#8212;<\/p>\n<p><a href=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/03\/mortgagenewsdaily.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=\"mortgage-news-daily\" border=\"0\" alt=\"mortgage-news-daily\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/03\/mortgagenewsdaily_thumb.png\" width=\"154\" height=\"52\" \/><\/a> <\/p>\n<p><strong>FHA Commissioner: Raising the Down Payment Requirement Would Hurt Housing Recovery<\/strong> -&#160; by Jann Swanson &#8211; <a href=\"http:\/\/www.mortgagenewsdaily.com\/03112010_fha_down_payments.asp\">Mortgage News Daily<\/a> <\/p>\n<p>&#8212;&#8212;&#8212;&#8212;<\/p>\n<p><a href=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/03\/newyorker1.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=\"new-yorker\" border=\"0\" alt=\"new-yorker\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/03\/newyorker_thumb1.png\" width=\"230\" height=\"44\" \/><\/a> <\/p>\n<p><strong>THE SECOND-MORTGAGE CONUNDRUM<\/strong> &#8211; Posted by John Cassidy &#8211; <strong>(it&#8217;s banks vs Frank)<\/strong> 0n <a href=\"http:\/\/www.newyorker.com\/online\/blogs\/johncassidy\/2010\/03\/the-second-mortgage-conundrum.html\">The New Yorker Blog<\/a>     <br \/>&#8212;&#8212;&#8212;&#8212;<\/p>\n<p><a href=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/03\/nyt3.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=\"nyt\" border=\"0\" alt=\"nyt\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/03\/nyt_thumb3.png\" width=\"244\" height=\"43\" \/><\/a> <\/p>\n<p><strong>on getting a mortgage &#8211; The Going Gets Tougher<\/strong> &#8211; By ELIZABETH A. HARRIS &#8211; Some people are able to get mortgages without much trouble, but others find the process arduous, mystifying and prolonged. &#8230; \u201cIs it a problem? Yes, it\u2019s a problem,\u201d said Dottie Herman, the president of Prudential Douglas Elliman. <strong>\u201cWhen these things fall through, it\u2019s not because people are destitute \u2014 they have good incomes. It\u2019s because banks are very, very tough now.\u201d<\/strong> &#8230; &#8211; <a href=\"http:\/\/www.nytimes.com\/2010\/03\/14\/realestate\/14Cov.html\">NY Times<\/a>     <br \/>&#8212;&#8212;&#8212;&#8212;<\/p>\n<p><a href=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/03\/huliqnews.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=\"huliq-news\" border=\"0\" alt=\"huliq-news\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/03\/huliqnews_thumb.png\" width=\"172\" height=\"56\" \/><\/a> <\/p>\n<p><strong>&quot;Cash for Keys&quot; the Latest Technique for Homeowners Underwater<\/strong> &#8211; In cases of &quot;cash for keys,&quot; <strong>a mortgage lender may make a cash offer to a homeowner, absolving the owner of any debt. Also, at the same time, it eliminates any black mark that might be applied to someone over a foreclosure. &#8211; more details<\/strong> &#8211; <a href=\"http:\/\/www.huliq.com\/3257\/91956\/cash-keys-latest-technique-homeowners-underwater\">HULIQ.com<\/a><\/p>\n<div class=\"feedflare\">\n<a href=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?a=UmV-l5nI-jM:DMJp8oqAd8I: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=UmV-l5nI-jM:DMJp8oqAd8I:D7DqB2pKExk\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?i=UmV-l5nI-jM:DMJp8oqAd8I:D7DqB2pKExk\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?a=UmV-l5nI-jM:DMJp8oqAd8I:F7zBnMyn0Lo\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?i=UmV-l5nI-jM:DMJp8oqAd8I:F7zBnMyn0Lo\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?a=UmV-l5nI-jM:DMJp8oqAd8I:V_sGLiPBpWU\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?i=UmV-l5nI-jM:DMJp8oqAd8I:V_sGLiPBpWU\" border=\"0\"><\/img><\/a>\n<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/mortgagenewsclips\/qTBe\/~4\/UmV-l5nI-jM\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#160; The Mindblowing Bubble In The &quot;Miami Of China&quot; &#8211; Joe Weisenthal &#8211; Miami was one of the ground zeroes of the US property bubble, and it seems that the Miami of China &#8212; Haikou &#8212; is experiencing the same. &#8211; Money Game at Business Insider &#8212;&#8212;&#8212;&#8212; It\u2019s \u201cExtend and Pretend\u201d All Over Again for [&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-431210","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/431210","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=431210"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/431210\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=431210"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=431210"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=431210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}