Your Daily Dose from DSNews.com

Sent from my Verizon Wireless BlackBerry

---

From: "DSNews.com Editor"
Date: Tue, 29 Sep 2009 08:16:46 -0400
To: <roballeyrealtor@gmail.com>
Subject: Your Daily Dose from DSNews.com

Email not displaying correctly? View it in your browser. Securitization Group Introduces Coding to Decipher Loan-Level Data within Mortgage Pools The American Securitization Forum has launched a new standardized universal code that identifies critical information about mortgages and other loans securitized for the secondary market. The objective of the initiative is to improve the flow of information and disclosure to investors and renew activity in the securitization markets to free up more capital for lending. Declining California Home Sales Follow National Trend While national sales figures for previously-owned homes dropped 2.7 percent from July to August, the numbers for the Golden State - typically considered a barometer for other housing markets - receded even further. According to data just released by the California Association of Realtors, sales of existing-homes in the state fell 5.1 percent in August compared to the previous month, but still represent a considerable improvement over last summer's conditions. Administration to Spend $35 Billion on Local Mortgage Lenders The White House will soon give up to $35 million to state and local housing authorities to keep mortgages available for low- and middle-wage citizens. The bold government action comes at a time when some in Washington are expressing doubts over federal spending. Lending at many housing finance agencies - which together fund about 100,000 mortgages annually nationwide - has dried up, deepening the housing crisis in the view of some administration officials. BoA Pulls out of ACORN Partnership on Borrower Outreach Bank of America Corp has cut off all its business with the housing arm of the ACORN advocacy group, adding that it will not enter into any further agreements with ACORN or any of its affiliates pending a review of the group's activities. The move is a major blow to the left-leaning housing advocacy group as it reels from right-wing rancor and self-inflicted scandal. You are receving this email because you opted in at our website dsnews.com. Unsubscribe roballeyrealtor@gmail.com from this list. Our mailing address is: DS News 2603 Oak Lawn Avenue Suite 500 Dallas, TX 75219 Add us to your address book Copyright (C) 2009 DS News All rights reserved. Forward this email to a friend Update your profile QUICK LINKS DSNews.com DS News' Red Book DS News' Black Book 2009 Five Star Conference DARE