{"id":47498,"date":"2009-11-22T18:12:50","date_gmt":"2009-11-22T23:12:50","guid":{"rendered":"http:\/\/mortgagenewsclips.com\/2009\/11\/22\/mortgage-related-fha-1mln-delinquent-flood-wells-gn-servicing-tax-servicing-mods-fn-reverses-hiring-boom-rates-delinquencies-4-more\/"},"modified":"2009-11-22T18:12:50","modified_gmt":"2009-11-22T23:12:50","slug":"mortgage-related-fha-1mln-delinquent-flood-wells-gn-servicing-tax-servicing-mods-fn-reverses-hiring-boom-rates-delinquencies-4-more","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/47498","title":{"rendered":"Mortgage Related: FHA $1mln?, Delinquent Flood, Wells GN Servicing, Tax Servicing, Mods, FN Reverses, Hiring Boom, Rates, Delinquencies, 4 more"},"content":{"rendered":"

\"Bill-Coppedge\"<\/a> \"original<\/a> <\/p>\n

 <\/p>\n

\"fund-my-mutual-fund\"<\/a>   +    \"kid-dynamite\"<\/a> <\/p>\n

read the last paragraph –<\/strong> NYT: With FHA Help, Easy Loans in Expensive Areas; Barney Frank Pushes for Permanent Higher Limits – Approaching $1 Million<\/strong> – Posted by TraderMark – Fund My Mutual Fund<\/a><\/p>\n

and
more on no money down – The Magic of the F.H.A<\/strong>. – Kid Dynamite’s World<\/a><\/p>\n

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\"mdw2\"<\/a>   +   \"mdw1\"<\/a> \"new-observations\"<\/a> <\/p>\n

Delinquent Mortgages Equal to Three Times A Balanced For-Sale Inventory<\/strong> – Michael David White – A Flood Will Humble Thee – Eight million homes with delinquent mortgages represent a staggering 300% of the normal supply of existing homes for sale. With 3.63 million units now on the market, one million above the long-term average,<\/strong> an inundation of foreclosures represents a fatal death blow capable of inflicting brutal damage on the largest financial market in the world. – New Observations<\/a> <\/p>\n

great charts – Property Values Will Likely Fall 14% From Current Level<\/strong>  – Mike White – An average of three major indexes on residential property values suggests prices will fall 14% from their current level. – New Observations<\/a> <\/p>\n

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\"emii-com\"<\/a> <\/p>\n

Wells Fargo Dominates Ginnie Mae Servicing Market –<\/strong> Wells Fargo dominates the market for servicing securities issued by Ginnie Mae with a portfolio of $215 billion<\/strong>, according to figures compiled by National Mortgage News and the Quarterly Data Report. Bank of America is second with $189 billion<\/strong>, meaning the two banks account for 48%<\/strong> of the Ginnie Mae market, Mortgage Servicing News reports. – Emii.com<\/a> <\/p>\n

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

Tax Servicing – Front-End Tax Relief Pays Back-End Dividends<\/strong> – BY LORI ESHOO – … As we know, a key area of struggle – and opportunity – is bulk processing of loan modifications. Savvy servicers are recognizing that tax servicing is one facet of this effort that truly represents a double-edged sword. This article outlines tips to help servicers use this sword to gain an edge without getting cut. … – Mortgage Orb<\/a> <\/p>\n

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\"CNNMoney1\"<\/a> <\/p>\n

Obama mortgage rescue: Only a few get lasting help<\/strong> – By Tami Luhby – … Fewer than 5% of the trial modifications on loans owned or guaranteed by Freddie Mac were converted to long-term adjustments as of Sept. 30<\/strong>, according to the mortgage finance giant.  Looking more broadly, the figures are even lower. As of Sept. 1, only 1.26% of all trial adjustments were made permanent after three months, reported the Congressional Oversight Panel,… – CNNMoney.com<\/a> <\/p>\n

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

Reverse Mortgages – Fannie Mae Pricing Brings More Diverse Investor Base<\/strong> – Neil J. Morse – …  The \u201cbig story\u201d in secondary marketing for HECMs is Fannie Mae, adds Cates. \u201cThey were the market for most of 2007 and 2008 and early-2009,\u201d he notes. But, now, \u201cother investors are re-engaging in that market as Fannie has reduced their prices to competitive levels and stopped supporting it … – Reverse Mortgage Daily<\/a> <\/p>\n

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

Hiring Boom in Mortgage Restructuring<\/strong> – By KYLE STOCK – … Four of the largest mortgages servicers — Bank of America Corp., Citigroup Inc., J.P. Morgan Chase & Co. and Wells Fargo & Co. — have collectively hired almost 17,000 people this year,<\/strong> mostly to work with financially ailing homeowners. With the number of defaults rising, many are planning to keep adding staff. … – Wall Street Journal<\/a> <\/p>\n

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\"reuters1\"<\/a> <\/p>\n

U.S. mortgage rates sink to or near all-time lows –<\/strong> By Lynn Adler – U.S. fixed mortgage rates sank to or near record lows last week, home funding company Freddie Mac said on Thursday, adding incentive for refinancing and home purchases.  The average 30-year home loan rate fell 0.08 of a percentage point to 4.83 percent, on the brink of the all-time low of 4.78 percent set in April, based on Freddie Mac records dating back to 1971.<\/strong> – Reuters<\/a> <\/p>\n

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

Record Delinquencies – Delinquencies Continue to Climb in Latest MBA National Delinquency Survey<\/strong> – The delinquency rate for mortgage loans on one-to-four-unit residential properties rose to a seasonally adjusted rate of 9.64 percent of all loans outstanding as of the end of the third quarter of 2009<\/strong>, up 40 basis points from the second quarter of 2009, and up 265 basis points from one year ago, according to the Mortgage Bankers Association\u2019s (MBA) National Delinquency Survey. The non-seasonally adjusted delinquency rate increased 108 basis points from 8.86 percent in the second quarter of 2009 to 9.94 percent this quarter. – MBA Press Release<\/a> <\/p>\n

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\"sacramento-press\"<\/a> <\/p>\n

Mortgage Servicers Have Financial Incentives To Let Your Loan Go To Foreclosure<\/strong> – Leon Williams – The Sacramento Press<\/a> <\/p>\n

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\"dsnews1\"<\/a> <\/p>\n

Freddie Mac Predicts Modest Housing Recovery –<\/strong> BRITTANY DUNN – … More specifically, the company is expecting a 13 percent increase in total one-family detached home sales, which would result in 5.5 million units during 2010<\/strong>. This increase, Freddie Mac says, is attributed to buyers who are hunting for bargains in a time of such affordable housing … – DSNews.com<\/a> <\/p>\n

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\"wstreet1\"<\/a> \"wstreet\"<\/a> <\/p>\n

Going Delinquent – By David Urani – A friendly reminder that housing is still in the gutter<\/strong> – Wall Street Strategies at Wstreet.com<\/a><\/p>\n

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

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

     +    read the last paragraph – NYT: With FHA Help, Easy Loans in Expensive Areas; Barney Frank Pushes for Permanent Higher Limits – Approaching $1 Million – Posted by TraderMark – Fund My Mutual Fund andmore on no money down – The Magic of the F.H.A. – Kid Dynamite’s World ————    +   […]<\/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-47498","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/47498","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=47498"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/47498\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=47498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=47498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=47498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}