Thursday 5-3-12 Reads

Short list this week. Still watching the REO to RENTAL Fiasco in the making.

Federal Reserve Directive on REO to Rental.  http://www.federalreserve.gov/newsevents/press/bcreg/bcreg20120405a1.pdf
Banks fighting Banks. You can't make this stuff up. http://www.bloomberg.com/news/2012-05-01/ability-to-repay-rule-for-mortgages-nears-cfpb-approval.html?source=Patrick.net