Friday, October 28, 2011

HARP 2.0 Unintended Consequences; New Projections for GSEs

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Oct 28, 2011 4:40PM

New Projections for GSEs Forecast Reduced Draws

The Federal Housing Finance Agency (FHFA) with the assistance of the two government sponsored enterprises (GSEs) for which it has oversight, has updated projections for the additional funds Freddie Mac and Fannie Mae will require from the U.S. Treasury. Since the GSEs were placed in conservatorship under FHFA in August 2008 Freddie Mac has drawn $65 billion and Fannie Mae $104 billion from Treasury under the terms of the Senior Preferred Stock Purchase Agreements (PSPAs) among the three parties....

Oct 28, 2011 9:39AM

HARP 2.0 Unintended Consequences; Old Republic Re-entering the MI Biz?

For those out there that like maps, who are Native American or Alaskan, or who live in Native American areas, here is a nifty illustration (Oklahoma really stands out!). You know you've become mainstream when you have a conference, whether it is the MBA or Burning Man. In this case, in Arizona in February, NMLS'ers will be dancing through the hallways . At a different conference ( the National Reverse Mortgage Lenders Association (NRMLA) 2011 Annual Conference ) Carol Galante, acting FHA Commissioner...


Micro News

4:34 PM:

Lessons From The Past 2 Sessions Ahead of a Busy Week

12:00 PM:

MBS Gains Picking Up Steam. Reprices For The Better.

9:59 AM:

ECON: Consumer Sentiment Picks up in Late October

8:51 AM:

EFSF Sell-Off: The Morning After. Bond Markets Slightly Improved

8:33 AM:

ECON: Personal Income Rises Less Than Expected. Spending Up

3:58 PM:

Several Economic Reports to End The Week

1:04 PM:

Potential Reprices For the Worse Following 7 Yr Auction

11:52 AM:

Republican Proposes Reshaping US Mortgage Market

Around the Web

Video News

Housing 2.0: Americans Shift Away from Homeownership

Cashing In On Foreclosures?

Rick Santelli's Morning Bond Report


Today's Comments

Jason Harris

"Regardless of your politics it is a bit much to be against a program as common sense as harp."

Frank Ceizyk

"Anne/Brett-such a tired weak argument to say "free markets" will save all. As long as large lobbying firms are empowered with the ability to..."

Anne Murray-Randolph

"I just don't see where it's the government's place to refinance people who are underwater so they can take the savings and pay off other debts..."

Today's Q&A

"Short Sale to Lease - How would a program like this work?"

"To lock or not to lock? New construction"

"When can I apply for a refi under the revised HARP program?"