Thursday, September 15, 2011

Restructuring and Renting: Can it Fix the Shadow Inventory Problem?

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Sep 14, 2011 3:46PM

Restructuring and Renting: Can it Fix the Shadow Inventory Problem?

Last month the Federal Housing Finance Agency (FHFA) asked for input on a plan it is considering to augment the Real Estate-Owned (REO) disposition programs run by Fannie Mae and Freddie Mac (the Enterprises) and the Federal Housing Administration (FHA). The deadline for proposals is tomorrow. Radar Logic, a data and analytic firm, responded with an innovative dual proposal for developing "cash market equivalent" values for real estate assets and reducing the inventory of owned real estate (REO)...

Sep 15, 2011 1:36PM

A Tale of Two Trends

To provide some background for the charts we're about to see, here's what we wrote this morning: "The 9am spike we can obviously attribute to the European Central Bank's announcement that it will be providing dollar-based liquidity via 7 day repo's beginning in early October. Essentially, this is confidence builder for European markets as it suggests they'll have the liquidity to get through the rest of 2011. European funding concerns are a BIG deal and these repo operations are perhaps seen as a...


Micro News

3:58 PM:

Tomorrow's Economic Calendar Dies Down as FOMC Approaches

1:12 PM:

China's Help for Europe Carries Political Price Tag

12:46 PM:

Fed: Esther George Named as Hoenig Successor

10:08 AM:

ECON: Philly Fed Worse Than Expected, Better Than Last Time

10:03 AM:

Freddie Mac: Mortgage Rates Remain Near 60-year Lows

9:43 AM:

NAFCU: Two Views on Federal Mortgage Guarantee

9:40 AM:

CAR: California Home Sales Up in August, Median Price at Year Highs

9:36 AM:

HUD: FHA Mortgagee Letter 2011-33 Correction

Around the Web

Video News

Mortgage Default Filings Surge

BAC Worker Fired

The Fed Considers Whether to Twist Again


Today's Comments

kyle woodard

"The plan enacted this week will resolve shadow inventory. The price of homes in AZ(home state) is up 15% to 25% at auction and open market. The FHA refining..."

Jason Harris

"Russ...ultimately there are no easy solutions. Some would benfit from your plan...most would not. Some will benefit from an expansion of HARP...most don't..."

Russ Martin

"Jason, I am not saying everyone will benefit, but a significant number of mortgage holders would. I think it is obvious we can't save everyone. Most..."

Today's Q&A

Anonymous

"What happens to the note when a seller who has financed a house..."

Anonymous

"My brother just got married in Nevada and had his loan approved..."

Anonymous

"If a house has been forclosed on and the property taxes have..."