Tag Archives: Risk Retention

Home Ownership May Fall More Than Expected

Sometimes you hear one thing and don’t think much of it, and then you hear another thing that makes the first thing seem much more important. This morning the Mortgage Bankers Association put out a report from two UCLA researchers … Continue reading

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Low-End Housing Sees Higher Losses

As I sit here, less than 24 hours from the next release of the much-followed monthly SP/Case Shiller Home Price Index, I’m confronted with all kinds of varying data and hypotheses on the future track of home prices. Particularly interesting … Continue reading

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Distressed Property Sales Drop, Despite Push to Sell

The share of distressed sales in May, that is foreclosed properties and short sales (when the property is sold for less than the value of the loan), fell to 31 percent of all sales from 37 percent in April. Investors, … Continue reading

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Struggling to Make a House Call on Confidence

Today’s report on consumer confidence, or the striking lack of it, is yet another sign that housing is going to be in a very sticky state for a while. It’s hard to say whether housing is weighing on confidence or … Continue reading

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20 Percent Mortgage Down Payment Under Fire

To call it an uneasy alliance is too simple, but that’s exactly what the characters were going for when they called their morning press conference in downtown DC. The new president of the Mortgage Bankers Association, Dave Stevens, arrived carrying … Continue reading

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Does Private Mortgage Insurance Have a Place in the New Mortgage Order?

It’s no surprise that the private mortgage insurance industry is fighting hard against proposed new risk retention rules for the mortgage industry. They are already trying to pick themselves up and dust themselves off from the near knockout punch the … Continue reading

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Foreclosure Fight Needs to Find Fast Answers

As federal regulators clamp down on foreclosure procedures at the big banks, and the government sets new lender requirements for risk retention in residential mortgages, the cry from the industry is that this will only hamper the housing recovery and … Continue reading

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Big Banks Lose: Mortgage Risk Retention Doesn’t Expire

Yesterday morning I attended the FDIC’s background press briefing before the vote on proposed risk retention rules. While the rules covered a vast ground, I was of course most interested in those that focus on the “Qualified Residential Mortgage.” The … Continue reading

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Mortgage Reform Storm Is Brewing

When it rains, it pours, but we’re looking at a hail storm in housing finance this week, as government starts the business of taking itself out of the housing business. Tomorrow morning the FDIC will release and vote on proposed … Continue reading

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