Protesters Demand GSE Principal Reduction

Sales of existing homes unexpectedly fell in January canada: retail sales unexpectedly fell by 0.5% in December, with 9 of the 11 major subsectors registering declines, including a 0.9% drop for automobiles. Excluding autos, sales retreated 0.3% as.

Mixing Principal Reduction Policy with FHFA’s “Duty to Serve” The implementation of FHFA-led PRAs would likely create broad incentives for many borrowers to become eligible.

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The FHFA warns these loans threaten to drain liquidity from the GSEs while demand for new agency MBS paper is strong.

CMBS investors should think twice before replacing a special servicer CMBS investors should think twice before replacing a special servicer Ocwen whittles servicing suits down to two with latest settlement supreme court ruling in foreclosure case a (limited) win for lenders

Clarify consequences. Students should not be disciplined for protesting, but a walkout protest is a violation of school rules. Make the consequences clear, but also don’t make them any harsher than if a student walked out of school for any other reason. Stay neutral. Most districts prohibit staff protest during the school day.

Why Hong Kong Protesters Aren’t Calling It Quits After the Suspension of a Controversial Extradition Bill. TIME – Laignee Barron / Hong Kong. Twice in as many weeks protesters have thronged to Hong Kong’s streets in unprecedented numbers to demand the government withdraw a proposal that would allow extraditions to mainland China.

Delinquency rate hits record low, foreclosures keep falling The seasonally adjusted VA delinquency rate increased to 4% in the fourth quarter from 3.89% in the third quarter (its lowest level since 1979). However, on a yearly basis, the VA delinquency rate.

The seductive but flawed logic of principal reduction. The idea that a program to reduce principal balances on mortgage loans will cure the nation’s housing ills at little or no cost has been kicking around since the very early stages of the foreclosure crisis and refuses to die.

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granting us the opportunity to respond to this proposed reduction m GSE lending authority. As a threshold matter, we wish to address whether further reduction in Enterprise multifamily lendin( authority is advisable and in the best interests of the American public. On balance, we contend that it is not.

The demand is for mortgage values to be adjusted to match the current market values of houses. "People in power know that the real solution to the continuing collapse of the housing market is universal principal reduction of American mortgages to real market value," said Bill Moyer of the Backbone Campaign.

Existing-home sales decline for fifth time in six months U.S. Existing-Home Sales Post Fifth Decline in Six Months. Bloomberg – Reade Pickert. Sales of previously owned U.S. homes unexpectedly cooled in April, the fifth drop in six months, signaling a rocky start for the housing market this.