Are Non-agency Loan Mods Coming? Treasury Initiative Rumored; FHA Letter Threatens Standard Reverse Mortgages

Well, here is some interesting news for taxpayers, as if we don't have enough: Fannie & Freddie may have lost $3 billion due to LIBOR fixing by banks? Quick, bring in the lawyers ! In the meantime, I have been retained by a "Top 5" non-depository correspondent lender in the Northeast seeking an experienced senior account executive to manage the Southeast territory of multiple states containing 80 approved correspondent accounts. The candidate preferably will live within that region and manage...

MBS RECAP: Slightly Weaker In The Afternoon

Just a heads up (as far as most lenders will be concerned) that Fannie 3.0s spent the better part of the past hour trading near their lowest levels since 9am, but seem to have caught some support aver the 3pm Treasury close. The most frequently visited

• HARP Market Share Dropped 18.5% in October, Despite Record Low Rates
• Amid Political Uncertainty, Mortgage Rates Virtually Unchanged
• MBS MID-DAY: Smaller-Scale Version Of Yesterday's Session
• The Day Ahead: Tons of Economic Data. Will it Matter in Light of Cliff?
• Future Housing Policy Should Consider More than Just FHA's Balance Sheet
• Thoughts on the CFPB Complaint Process; Should be a Happy Builder Conference this Year

Micro News

Around the Web

• MBS Lawsuits: 850 and Counting
• Is Obama's plan better than going off the fiscal cliff?
• NY Fed: Agency MBS Transaction Data Update
• Banks' Loan-Loss Reserves Seen Jumping 50% Under FASB Proposal - Bloomberg
• Julian Hebron voted one of America's 40 Most Influential Mortgage Pros Under 40
• Sharga: End Mortgage Deduction At Economy's Peril

Video News

	Housing Ho Ho Hopium
	Santelli's End of Year Observations
	House to Vote on 'Plan B'

Today's Comments

	"On what planet was this study conducted? "PMI companies can and do become insolvent, file for bankruptcy or are seized by regulators". Oh, please..."
	"Hmmm- To add to the problem, now that HUD has raised premiums so much they are being adversely selected. Good credit, qualify well, go 3% down conventional..."
	"Think about what he said: "that we knew the borrower could not pay." The operative word is KNEW. Did they know without a doubt that any given..."

Today's Q&A