{"id":611049,"date":"2009-12-14T18:40:06","date_gmt":"2009-12-14T23:40:06","guid":{"rendered":"http:\/\/mortgagenewsclips.com\/2009\/12\/14\/mortgage-and-housing-finance-related-ginnie-shuffle-duke-on-housing-finance-4-foreclosure-relief-invisible-threat-buying-mbs\/"},"modified":"2009-12-14T18:40:06","modified_gmt":"2009-12-14T23:40:06","slug":"mortgage-and-housing-finance-related-ginnie-shuffle-duke-on-housing-finance-4-foreclosure-relief-invisible-threat-buying-mbs","status":"publish","type":"post","link":"https:\/\/mereja.com\/index\/611049","title":{"rendered":"Mortgage and Housing Finance Related: Ginnie Shuffle, Duke on Housing Finance, 4% Foreclosure Relief, Invisible Threat, Buying MBS"},"content":{"rendered":"<p><a href=\"http:\/\/billcoppedge.com\/\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" style=\"border-right-width: 0px; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px\" border=\"0\" alt=\"Bill-Coppedge\" src=\"https:\/\/i0.wp.com\/mortgagenewsclips.com\/wp-content\/uploads\/2009\/12\/Bill-Coppedge24.jpg?resize=84%2C124\" width=\"84\" height=\"124\"><\/a> <a href=\"http:\/\/mortgagenewsclips.com\/\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" style=\"border-right-width: 0px; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px\" border=\"0\" alt=\"original content selection by MortgageNewsClips.com\" src=\"https:\/\/i0.wp.com\/mortgagenewsclips.com\/wp-content\/uploads\/2009\/12\/original-content-selection-by-MortgageNewsClips.com24.jpg?resize=297%2C63\" width=\"297\" height=\"63\"><\/a> <\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/i0.wp.com\/mortgagenewsclips.com\/wp-content\/uploads\/2009\/12\/forbes_home_logo1.gif\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" style=\"border-right-width: 0px; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px\" border=\"0\" alt=\"forbes_home_logo\" src=\"https:\/\/i0.wp.com\/mortgagenewsclips.com\/wp-content\/uploads\/2009\/12\/forbes_home_logo_thumb1.gif?resize=142%2C49\" width=\"142\" height=\"49\"><\/a> <\/p>\n<p><strong>Homeowner Warning: Mortgage Payments Lost In Ginnie Mae Shuffle<\/strong> &#8211; Asher Hawkins &#8211; Lend America shutdown shows risks with fed-backed lenders. &#8211; When the government shuts down a federally guaranteed home lender, it leads to headaches for homeowners whose mortgage payments are at risk of getting lost in the shuffle. &#8211; <a href=\"http:\/\/www.forbes.com\/2009\/12\/09\/lend-america-hud-ginnie-personal-finance-suspended.html\">Forbes<\/a> <br \/>&#8212;&#8212;&#8212;&#8212;<\/p>\n<p><a href=\"https:\/\/i0.wp.com\/mortgagenewsclips.com\/wp-content\/uploads\/2009\/12\/frb-board.gif\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" style=\"border-right-width: 0px; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px\" border=\"0\" alt=\"frb-board\" src=\"https:\/\/i0.wp.com\/mortgagenewsclips.com\/wp-content\/uploads\/2009\/12\/frb-board_thumb.gif?resize=184%2C52\" width=\"184\" height=\"52\"><\/a> <\/p>\n<p><strong>Speech: Envisioning a Future for Housing Finance &#8211; Governor Elizabeth A. Duke<\/strong> &#8211; At the Mortgage Foreclosure Policy Conference, Federal Reserve Bank of Chicago &#8211; <a href=\"http:\/\/www.federalreserve.gov\/newsevents\/speech\/duke20091210a.htm\">FR Board of Governors<\/a> <\/p>\n<p>&#8212;&#8212;&#8212;&#8212;<\/p>\n<p><a href=\"https:\/\/i0.wp.com\/mortgagenewsclips.com\/wp-content\/uploads\/2009\/12\/washington-post6.jpg\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" style=\"border-right-width: 0px; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px\" border=\"0\" alt=\"washington-post\" src=\"https:\/\/i0.wp.com\/mortgagenewsclips.com\/wp-content\/uploads\/2009\/12\/washington-post_thumb6.jpg?resize=206%2C42\" width=\"206\" height=\"42\"><\/a> <\/p>\n<p><strong>Foreclosure relief program is stuck in first &#8211; JUST 4 PERCENT IN FINAL STAGE<\/strong> &#8211; By Renae Merle &#8211; Thousands now risk losing mortgage help &#8211; <a href=\"http:\/\/www.washingtonpost.com\/wp-dyn\/content\/article\/2009\/12\/10\/AR2009121003834.html?hpid=topnews\">Washington Post<\/a> <\/p>\n<p>&#8212;&#8212;&#8212;&#8212;<\/p>\n<p><a href=\"https:\/\/i0.wp.com\/mortgagenewsclips.com\/wp-content\/uploads\/2009\/12\/bankrate1.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" style=\"border-right-width: 0px; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px\" border=\"0\" alt=\"bankrate1\" src=\"https:\/\/i0.wp.com\/mortgagenewsclips.com\/wp-content\/uploads\/2009\/12\/bankrate1_thumb.png?resize=151%2C43\" width=\"151\" height=\"43\"><\/a> <\/p>\n<p><strong>Invisible threat to home values &#8211;<\/strong> By Marilyn Kennedy Melia &#8211; <strong>on spotting clusters of &#8220;underwater&#8221; homes<\/strong> &#8211;&nbsp; <a href=\"http:\/\/www.bankrate.com\/finance\/mortgages\/tide-of-debt-sinks-home-values-1.aspx?ic_id=nwsltr_mtgrlest_20091210\">Bankrate.com<\/a> <\/p>\n<p>&#8212;&#8212;&#8212;&#8212;<\/p>\n<p><strong>BUYING MBS SECTION:<\/strong><\/p>\n<p><a href=\"https:\/\/i0.wp.com\/mortgagenewsclips.com\/wp-content\/uploads\/2009\/12\/reuters24.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" style=\"border-right-width: 0px; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px\" border=\"0\" alt=\"reuters2\" src=\"https:\/\/i0.wp.com\/mortgagenewsclips.com\/wp-content\/uploads\/2009\/12\/reuters2_thumb4.png?resize=137%2C46\" width=\"137\" height=\"46\"><\/a> <\/p>\n<p><strong>NY Fed says b<\/strong><strong>ought $1.570 bln of U.S. agency debt &#8211; &#8230;&nbsp; aiming to hold down mortgage rates and revive economic growth.<\/strong> &#8230;&nbsp; &#8211; <a href=\"http:\/\/www.reuters.com\/article\/idUSN1125379720091211?type=marketsNews\">Reuters<\/a> <\/p>\n<p>and&nbsp; <\/p>\n<p><a href=\"http:\/\/blog.hedoniccalculus.com\/2009\/12\/11\/where-have-all-the-mbs-gone.aspx\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" style=\"border-right-width: 0px; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px\" border=\"0\" alt=\"hc1\" src=\"https:\/\/i0.wp.com\/mortgagenewsclips.com\/wp-content\/uploads\/2009\/12\/hc1.jpg?resize=311%2C246\" width=\"311\" height=\"246\"><\/a> <a href=\"https:\/\/i0.wp.com\/mortgagenewsclips.com\/wp-content\/uploads\/2009\/12\/hedonic-calculus.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" style=\"border-right-width: 0px; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px\" border=\"0\" alt=\"hedonic-calculus\" src=\"https:\/\/i0.wp.com\/mortgagenewsclips.com\/wp-content\/uploads\/2009\/12\/hedonic-calculus_thumb.png?resize=193%2C34\" width=\"193\" height=\"34\"><\/a> <\/p>\n<p><strong>WHERE HAVE ALL THE MBS GONE?<\/strong> &#8211; <strong>&#8230; The Fed purchases represent roughly 12% of the market.&nbsp; This begs the question:&nbsp; who did they buy all of these securities from? &#8230;<\/strong> MBS represent a significant risk to the financial system once the Fed stops buying them.&nbsp; US households were right to liquidate their holdings.&nbsp; Once the Fed is gone from the market, there will be no incremental buyer and prices could collapse. &#8230;&nbsp; <strong>gives answers to who the buyers are<\/strong>&nbsp; &#8211; <a href=\"http:\/\/blog.hedoniccalculus.com\/2009\/12\/11\/where-have-all-the-mbs-gone.aspx\">The Hedonic Calculus Blog<\/a><\/p>\n<div class=\"feedflare\">\n<a href=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?a=VVukrIe3ULg:7DLkNVJNvPc:yIl2AUoC8zA\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?d=yIl2AUoC8zA\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?a=VVukrIe3ULg:7DLkNVJNvPc:D7DqB2pKExk\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?i=VVukrIe3ULg:7DLkNVJNvPc:D7DqB2pKExk\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?a=VVukrIe3ULg:7DLkNVJNvPc:F7zBnMyn0Lo\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?i=VVukrIe3ULg:7DLkNVJNvPc:F7zBnMyn0Lo\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?a=VVukrIe3ULg:7DLkNVJNvPc:V_sGLiPBpWU\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?i=VVukrIe3ULg:7DLkNVJNvPc:V_sGLiPBpWU\" border=\"0\"><\/img><\/a>\n<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/mortgagenewsclips\/qTBe\/~4\/VVukrIe3ULg\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Homeowner Warning: Mortgage Payments Lost In Ginnie Mae Shuffle &#8211; Asher Hawkins &#8211; Lend America shutdown shows risks with fed-backed lenders. &#8211; When the government shuts down a federally guaranteed home lender, it leads to headaches for homeowners whose mortgage payments are at risk of getting lost in the shuffle. &#8211; Forbes &#8212;&#8212;&#8212;&#8212; Speech: [&hellip;]<\/p>\n","protected":false},"author":288,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4821],"tags":[],"class_list":["post-611049","post","type-post","status-publish","format-standard","hentry","category-news"],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9NivD-2yXD","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/611049","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/users\/288"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/comments?post=611049"}],"version-history":[{"count":0,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/611049\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/media?parent=611049"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/categories?post=611049"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/tags?post=611049"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}