Here are some links to information covered in class today:
Here is a nice graph showing agency REO inventory and the follow up from Tom Lawler adding private label RMBS REO inventory….and here’s CR’s Graph Gallery. The menu runs left to right across the top of the page, just under CR’s logo.
We talked about Fannie and Freddie being insolvent. Here’s a story from today’s Housing Wire on that topic. Expect MORE FHA REOs out there.
Here’s a great resource guide that was just published: It’s 61 pages….BUT full of good stuff. WA StateForeclosure Resource and Prevention Guide.
Here’s the New York Times interactive graph showing the percentage of subprime loans in each state and county.
Here’s the 60 Minutes Episode on LPS and the robo signer fiasco.
Here’s one of many stories featuring Jim the Realtor, an REO agent out of Calif who videotapes the REOs he lists as part of his initial walk-through.
We briefly discussed Titanium Mortgage Solutions.
I mentioned a federal law that requires lenders to favor minority applicants when selecting REO listings….It’s called the Housing and Economic Recovery Act. Here’s more info from Fannie Mae, Freddie Mac….and here’sa news story about it.
Here’s that 60 Minutes Episode on LPS and the Robo-signer scandal. Sounds like the first of many lawsuits.
Here’s the direct link to the list of WA State Chartered Banks
Here’s the most recent unofficial problem bank list.
Here are the sales statistics I posted at the end of class from Jack Daly.
We also talked about taking rent and not paying the mortgage…Here’s the reference for equity skimming in WA State
Here’s more info on the Chase REO Seminar I’m attending tomorrow in Bellevue sponsored by the Seattle chapter of the Nat’l Assoc of Hispanic Real Estate Professionals.
And thanks to our sponsor, Randy Kneram with Pillar to Post!