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Posted To: <a href="http://www.mortgagenewsdaily.com/news/”>MND NewsWire

Saying that the housing crisis struck right at the heart of what it means to be middle class, President Barack Obama has begun to flesh out the housing-related proposals he made in his State of the Union speech last Tuesday. He spoke this morning at Falls Church, Virginia about his housing plans, some pieces of which have already been put into effect by the Departments of Justice (DOJ), Treasury, and Housing and Urban Development (HUD) in the eight days since they were first announced. The President spoke only briefly and most of the information about his proposals comes from a Fact Sheet released by the White House just before his speech. The most ambitious part of the Administration’s housing plan is the expansion of several existing programs to streamline refinancing for homeowners with…(<a href="http://www.mortgagenewsdaily.com/02012012_administrations_housing_plans.asp”>read more)

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Between a homophobic rant on stage and his hospitalization at Sundance Film Festival, Tracy Morgan hasn’t gotten the best press lately. And claims that he isn’t doing enough to help his mother avoid foreclosure aren’t likely to help. Warden’s …

Jan. 31 (Bloomberg) — States have until Feb. 3 to decide whether to accept a proposed nationwide settlement of a foreclosure probe with banks including JPMorgan Chase & Co. and Citigroup Inc. that may total as much as $25 billion. State and …

WASHINGTON – The U.S. Department of Housing and Urban Development today awarded $20 million in technical assistance funding to 12 organizations that will, in turn, help local communities across this country stabilize neighborhoods hard-hit by foreclosure through HUD’s Neighborhood Stabilization Program (NSP).

WASHINGTON – U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan announced today new regulations intended to ensure that HUD’s core housing programs are open to all eligible persons, regardless of sexual orientation or gender identity. Donovan previewed the announcement at the 24th National Conference on Lesbian, Gay, Bisexual and Transgender (LGBT) Equality – Creating Change.

Posted To: <a href="http://www.mortgagenewsdaily.com/mortgage_rates/blog/”>MBS Commentary

MBS Live : MBS RECAP Open MBS Live Dashboard FNMA 3.5 103-27 : +0-05 FNMA 4.0 105-22 : +0-03 FNMA 4.5 106-26 : +0-01 FNMA 5.0 107-30 : -0-02 GNMA 3.5 105-07 : +0-05 GNMA 4.0 107-26 : +0-04 GNMA 4.5 109-05 : +0-00 GNMA 5.0 110-24 : +0-01 FHLMC 3.5 103-22 : +0-06 FHLMC 4.0 105-13 : +0-03 FHLMC 4.5 106-12 : +0-02 FHLMC 5.0 107-19 : -0-02 Pricing as of 4:00 PM EST Afternoon Market Updates A recap of MBS Market Updates provided by MND Analysts and streamed live to the MBS Live Dashboard . 12:27PM : ALERT: Potential Price Improvements as MBS Hit Highs With Fannie 3.5's up 6 ticks on the day now to 103-28, MBS prices are high enough that we could see the characteristically early-to-reprice lenders coming out with improved rate sheets. Gains would have to hold current levels or make continued progress…(<a href="http://www.mortgagenewsdaily.com/mortgage_rates/blog/245523.aspx”>read more)

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Posted To: <a href="http://www.mortgagenewsdaily.com/news/”>MND NewsWire

Home prices continued to fall in November according to the S&P/Case-Shiller Home Price Indices released this morning. Both the 10-City and the 20-City Indices were down 1.3 percent in November compared to the previous month and for the second month in a row19 of the cities also saw their prices inch lower. Phoenix was the only one of the 20 to post a gain in November. The year-over-year price declines in November widened from those in October. The 10-City and 20-City Composites were down 3.6 percent and 3.7 percent respectively from November 2010 to November 2011 compared to the -3.2 percent and -3.4 percent annual rate of change in October. Thirteen of the cities in the larger index also saw a large drop in annual prices than they had in October. Atlanta had the worst performance with…(<a href="http://www.mortgagenewsdaily.com/01312012_home_prices_case_shiller.asp”>read more)

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If you think New York City has closed the door on its foreclosure problems, think again. While foreclosures are down, the rate of new mortgage defaults, a precursor to foreclosures, is “disturbingly high,” according to a new report from …

The Occupy Wall Street movement, which cut its teeth last fall by occupying streets and parks across the country, is moving into a new phase as it gears up for spring: occupying homes. The movement that claimed to speak for “the 99 percent” and made …

(Updates with comment from Iowa attorney general’s office in seventh paragraph.) Jan. 30 (Bloomberg) — States have until Feb. 3 to decide whether to accept a proposed nationwide settlement of a foreclosure probe with banks including JPMorgan …