Latest news from http://www.mortgagebiznews.com http://www.mortgagebiznews.com http://feedproxy.google.com/~r/mortgagenewsclips/qTBe/~3/9lEx2IhzOOI/ Mon, 06 Feb 2012 05:27:48 -0500 email signup             Receive MNC in RSS news reader             me @ LinkedIn ———— No More Mister Nice Guy: Indemnification Now Required by FHA Lender Insurance Regulations – by Phillip L. Schulman, Krista Cooley, Holly Spencer Bunting – … In announcing both the proposed and final versions of these regulatory changes, HUD made clear that these amendments... http://mortgagenewsclips.com/2012/02/06/mortgages-and-housing-fha-indemnification-desoer-retires-investor-loa-mods-obama-refi-details-fed-central-planning-citi-stops-wholesale-bofa-market-share-drops-increasing-own-vs-rent-obama/ 35.21 -80.84 http://feedproxy.google.com/~r/mortgagenewsclips/qTBe/~3/78YmJRgNF2M/ Thu, 02 Feb 2012 23:04:46 -0500 email signup             Receive MNC in RSS news reader            me @ LinkedIn ———— (Food fight! Start your engines.) FHFA Announces Interested Investors May Pre-Qualify For REO Initiative – FHFA Press Release  AND (someone is going to make a lot of money from this) Foreclosures Draw Private Equity as U.S. Rents Homes – By John Gittelsohn – (... http://mortgagenewsclips.com/2012/02/02/mortgages-and-housing-reo-rental-food-fight-4-mass-refi-odds-yves-on-propublica-fha-guarantee-soft-prices-until-3013-case-shiller-ally-penalties-wells-soft-until-2021-ho-rate-drops-wa-sta/ 34 -118.25 http://feedproxy.google.com/~r/mortgagenewsclips/qTBe/~3/78YmJRgNF2M/ Thu, 02 Feb 2012 23:04:46 -0500 email signup             Receive MNC in RSS news reader            me @ LinkedIn ———— (Food fight! Start your engines.) FHFA Announces Interested Investors May Pre-Qualify For REO Initiative – FHFA Press Release  AND (someone is going to make a lot of money from this) Foreclosures Draw Private Equity as U.S. Rents Homes – By John Gittelsohn – (... http://mortgagenewsclips.com/2012/02/02/mortgages-and-housing-reo-rental-food-fight-4-mass-refi-odds-yves-on-propublica-fha-guarantee-soft-prices-until-3013-case-shiller-ally-penalties-wells-soft-until-2021-ho-rate-drops-wa-sta/ 40.75 -74.1 http://feedproxy.google.com/~r/mortgagenewsclips/qTBe/~3/fkPpyKEJ5Ww/ Thu, 02 Feb 2012 08:03:49 -0500 Powered by LENDERS COMPLIANCE GROUP On January 25, 2011, HUD published a final rule that updates and enhances the Lender Insurance Program, through which the majority of Federal Housing Administration (FHA) mortgages are endorsed for insurance. This final rule follows the proposed rule published on October 8, 2010. Effective Date: February 24, 2012 What is Lender Insurance? Lender Indemnification for Insurance Claims Discovering Material Noncompliance Purchasers or Servicers... http://mortgagenewsclips.com/2012/02/02/hud-updates-lender-insurance-program/ 39.76 -98.5 http://feedproxy.google.com/~r/mortgagenewsclips/qTBe/~3/ZITWVuIPoKI/ Wed, 01 Feb 2012 12:53:46 -0500 email signup            Receive MNC in RSS news reader            me @ LinkedIn ———— read of the day: this is a keeper – well done – A Brief History of the Housing Bubble – OC Housing News ———— Reverse Mortgage “Survivors” Stand to Make Big Gains, Execs Say – by Elizabeth Ecker – Reverse mortgage “survivors” are now “... http://mortgagenewsclips.com/2012/02/01/mortgages-and-housing-housing-bubble-history-reverse-survivors-a-blow-to-robo-housing-bottoms-when-processing-delays-less-fcs-fha-dq-rate-qrm-no-surprise-large-scale-demolition-predicting/ http://feedproxy.google.com/~r/mortgagenewsclips/qTBe/~3/Jq8aKnzNy2Q/ Tue, 31 Jan 2012 10:34:30 -0500 email signup             Receive MNC in RSS news reader             me @ LinkedIn ———— Mortgage modification program will be extended for 1 year, expanded for homeowners with debt – (AP) – … The (HAMP) will also be extended through 2013. The government will triple the financial incentives for private lenders to reduce the principal amount of mortgages for... http://mortgagenewsclips.com/2012/01/31/mortgages-and-housing-mod-extension-jumbo-demand-rising-reverse-apps-decline-2010-2011s-very-clean-originations-1099-k-is-watching-you-zirp-hurting-retirees-house-prices-in-gold-ounces-pris/ http://feedproxy.google.com/~r/mortgagenewsclips/qTBe/~3/_Xp-VWaHin0/ Tue, 31 Jan 2012 08:58:43 -0500 Powered by: Lenders Compliance Group   On January 25, 2012, the Consumer Financial Protection Bureau (CFPB) announced a joint effort with state Attorneys General and the Department of Defense to combat scams directed at servicemembers, veterans, and their families.   The tool created to combat these crimes is called the Repeat Offenders Against Military (ROAM) Database.   Its purpose is to track completed enforcement actions against companies and individuals who repeatedly scam... http://mortgagenewsclips.com/2012/01/31/cfpb-establishes-the-roam-database/ 39.76 -98.5 http://feedproxy.google.com/~r/mortgagenewsclips/qTBe/~3/FwkHwjOYNIE/ Tue, 31 Jan 2012 07:22:21 -0500    Nom de Plumber is a Nom de Plume ———— The Income Effect of ZIRP reduces consumption. Just what we need to NOT stimulate the economy. ===== Economics 101, as applied to Zero-Interest Rate Policy:   Substitution effect:  individuals will consume more now, because of the lower opportunity cost to borrow from future consumption, in order to finance current consumption.  Income effect:  individuals will consume less, both now and... http://mortgagenewsclips.com/2012/01/31/another-zirp-pitfall-the-federal-reserve-should-take-economics-101-by-nom-de-plumber/ http://feedproxy.google.com/~r/mortgagenewsclips/qTBe/~3/ZCe87gSI3zE/ Tue, 31 Jan 2012 07:08:33 -0500 email signup             Receive MNC in RSS news reader             me @ LinkedIn ———— Connect the dots. (now US Treasury involved) Treasury Investigates Freddie Mac Investment – By SHAILA DEWAN – The Treasury Department is investigating a report that Freddie Mac, the mortgage giant, bet against homeowners’ ability to refinance their loans even as it was making... http://mortgagenewsclips.com/2012/01/31/on-freddies-inverse-io-investment-politics-and-principal-reductions-by-bill-coppedge/ http://feedproxy.google.com/~r/mortgagenewsclips/qTBe/~3/YfuDYgl1qGI/ Mon, 30 Jan 2012 18:21:42 -0500 email signup             Receive MNC in RSS news reader             me @ LinkedIn ———— Big news on Monday: Freddie Mac Bets Against American Homeowners - by Jesse Eisinger, ProPublica and Chris Arnold, NPR – Pro Publica and reply from FHFA: FHFA Statement on Freddie Mac Refinance Story ———— (I liked this): The State of the Mortgage... http://mortgagenewsclips.com/2012/01/30/mortgages-and-housing-big-freddie-story-muolo-on-sotu-eric-holders-comments-banks-in-crosshairs-fc-purchases-decline-new-home-sales-decline-reverse-walkaways-revisiting-robos-obama-refi-pla/ 41.83 -87.64