Hi Everyone,
Here’s the follow up from class.
There was a request for recent delinquency stats. These numbers appear in four different posts:
Option ARM Recast/Reset Update but what about prime loans? Here you go:
We should also check on the re-default rate of loan mods and the HAMP program.
Here’s the latest report from TransUnion showing delinquencies over 10%.
Jumbos aren’t doing all that well either.
Dare we check FHA? WTF? Does this report say what I think it says about FHA deliquencies? Quoting CR, “This will not end well.”
Here’s a nice graph that was released today showing homes with negative equity. WA State is standing at 20%. This is not a low number.
Here is the IRS link with regard to the Mortgage Forgiveness Debt Relief Act.
Here is a link to the article about credit scores and how short sales, foreclosure or BK will affect a person’s score.
Here are details on the Fannie Mae Deed for Lease program.
Here’s CR’s latest post debating inflation/deflation.
Hmm. This appears to be the place to find Class Action lawsuits, but I have not spent enough time on the site yet to warrant a recommendation from me.
No short sale classes on my calendar yet for the spring but check back often.
Here is the Home Affordable Foreclosure Alternative Program. Scroll down to Additional Resources and look for the Fact Sheet. More from NAR.
Thanks for a fun class yesterday!