The real reason Fannie and Freddie don't do principal modifications

Julián Castro sworn in, spends first day as HUD Secretary

Former San Antonio mayor takes over for Shaun Donovan

Blackstone adviser: Investors worried about ‘serious correction’

Byron Wien still holds his line
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News

DOJ demands more in BofA, Countrywide deal

Deal hung up over penalties
July 29, 2014
The Department of Justice is not satisfied with its negotiations over Bank of America's cash penalty amount for the dealings of Countrywide and Merrill Lynch. The $13 billion is not enough.
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The dirty, possibly anti-trust secret Zillow/Trulia don’t want you to know

Citron Research: This powerhouse isn’t really either
July 29, 2014
The media consensus has been that the Zillow/Trulia acquisition creates a powerhouse – a model village, so to speak, of real estate online listings. But Citron Research says that this may be more of a Potemkin village.
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Case-Shiller: Home price gains declined in May 0.3%

Only Tampa and Charlotte saw price gains accelerate
July 29, 2014
Home prices growth continued to slow in May as housing and the economy continues weakening trends, according to data through May 2014 in the S&P/Case-Shiller Home Price Indices show housing prices posted a decline of 0.3% from April.
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The real reason Fannie and Freddie don't do principal modifications

Looking out for your retirement
July 29, 2014
Why is the government resisting principal mods? Because there is one big investor in MBS that the government is worried about – pension funds.
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$640 million in subprime-boom bonds coming to market

Two lists of “major” non-agency RMBS to bid separately
July 28, 2014
"My sense is that this is related to general risk reduction ahead of Wednesday’s FOMC announcement, Friday’s non-farm payroll report, and month end," David Varano of Interactive Data said. "Additionally, this could also be driven by certain investors looking to test the market after it appeared to easily absorb those two massive bid lists last week in order to gauge current demand levels."
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American Capital beats estimates by $0.19

REIT reports earnings per share of $0.87 in 2Q14
July 28, 2014
The company’s second quarter earnings were up from $0.71 in 1Q14.
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Blackstone adviser: Investors worried about ‘serious correction’

Byron Wien still holds his line
July 28, 2014
“But there are enough other positive signs that I am not altering my favorable forecast. If housing continues to be weak, I will probably have to change my view.”
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FHFA considering plan to offer single Fannie, Freddie bonds

Report on Common Securitization Platform may be coming soon
July 28, 2014
During his May speech at the Brookings Institute, FHFA Director Mel Watt said that adjusting the way Fannie and Freddie securitize mortgages was one of his key goals. Now it appears that the FHFA may be one step closer to accomplishing that goal.
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Is this approach to keeping homeowners a model to fight blight?

Boston group helps troubled borrowers - here's how
July 28, 2014
A Boston non-profit has another approach to principal reduction for troubled homeowners, and they say it’s fighting blight without involving anyone who doesn’t want to be involved, the Washington Post reports.
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Julián Castro sworn in, spends first day as HUD Secretary

Former San Antonio mayor takes over for Shaun Donovan
July 28, 2014
"Julián has lived the American Dream in his own life, and I’m confident he will help Americans across our country seize their own piece of that dream for themselves and their children," President Barack Obama said when Castro was confirmed by the Senate earlier this month.
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