Tuesday, January 24, 2012

Mr. President, it's Time for a National Housing Policy

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Jan 24, 2012 10:52AM

Mr. President, it's Time for a National Housing Policy

Please Mr. President, enough with the one-off responses, it's time for a National Housing Policy. The only thing more predictable than the fact that the President will deliver to Congress a State of the Union Address each year is the speculation that precedes it regarding what "Big" announcements the President's speech will contain. This year is no different, and a great deal of current speculation surrounds the topic of housing and whether the President's speech will include...

Jan 24, 2012 2:34PM

Mortgage Rates Sideways Ahead of Wednesdays Important Events

Mortgages Rates are steady to slightly improved today after rising for the first time in a month yesterday. Although rates change slightly every day, those changes are usually small enough as to only effect the closing costs associated with a particular rate. Because of this, we track "Best-Execution" as the actual interest rate benchmark, and we talked about it in significant detail yesterday ( READ MORE ). So although we are able to report that the rate environment is slightly improved today, those...


Micro News

5:36 PM:

DataQuick: California Foreclosure Activity Drops

1:30 PM:

Acting Comptroller Talks About Securitization and Derivatives at the American Securitization Forum

1:21 PM:

MBS Fight Off Bigger Losses, Hold Support Into Afternoon

11:37 AM:

Negative Reprice Risk Increasing as MBS Hit Lows

8:53 AM:

No Major Reaction to Greek Bond-Swap Hang-Up. Bonds Modestly Stronger Overnight.

1:01 PM:

MBS Near Highs of The Day, Positive Reprices Reported

10:01 AM:

Ourperformace Notwithstanding, MBS Still Getting Hit Pretty Hard

8:47 AM:

MBS Outperform as ESM/EFSF News Prompts Bond Market Weakness

Around the Web

Video News

Financial Services Committee Members: Housing, Economy & Taxes

CNBC Fed Survey: Great Rate Debate

AG's Meeting on Settlement


Today's Comments

Padmewan McGregor

"A coherent national housing policy should start with capping, then withdrawing federal subsidies for homeownership, i.e. the mortgage interest tax deduction..."

G3T2

"Frank are you recommending principle reduction on these loans? So should the investor then add on to the principle balance if the underlying asset appreciates..."

Frank Ceizyk

"So the strategy continues to be to protect at all costs the value of the investor debt instrument from loss, while the consumer gets no relief from the..."

Today's Q&A

"In My Best Interest"

"I have a collection on my credit after bankrupcy and i want to buy a house"

"Fha loan forclosed 12/23/2011"