Mortgage Finance Players Begin to Measure the "Shadow" Shadow Inventory
Mortgage Finance Players Begin to Measure the "Shadow" Shadow Inventory
August 26, 2010 — HousingWire
The recent data that shows delinquencies rising, mixed with reports that a lack of borrower equity is one of two major reasons for mortgage default, is propelling mortgage finance analysts to attempt to measure the pipeline of borrowers who are likely to lose their home, via strategic default or loss of income.
Mortgage Picture Brightens, for Now
August 27, 2010 — The Wall Street Journal
The number of U.S. households that missed consecutive mortgage payments or were in foreclosure fell more in the second quarter than anytime since the mortgage crisis began four years ago, a survey found.
Underwater Homeowners Decline to 11M: CoreLogic
August 26, 2010 — DSNews
The number of underwater homeowners has declined for the second consecutive quarter.
Bernanke Signals Fed Is Ready to Prop Up Economy
August 27, 2010 — The New York Times
JACKSON HOLE, Wyo. — The Federal Reserve chairman, Ben S. Bernanke, said Friday that the central bank was determined to prevent the economy from slipping into a cycle of falling prices, even as he emphasized that he believed growth would continue in the second half of the year, “albeit at a relatively modest pace.”
Report on Fannie, Freddie counters assumption
August 27, 2010 — The Washington Post
A report Thursday by the federal regulator overseeing Fannie Mae and Freddie Mac put a new wrinkle in a common explanation for why the mortgage giants collapsed and could complicate efforts to restructure them.