To the Students from the October 12, 2010 REO Class at SKCAR Bellevue

Hi Everyone,

Here’s the follow up Q&As from today’s class.

Here’s a story about the mortgage fiasco regarding those pesky robo-signers. Tom Lawler writing at CR helps us understand what’s going on.

Here’s a link to the graph showing the Fannie, Freddie, FHA REO inventory and the second graph adding the Private Label MBS. inventory.

There was a request for more information on HUD’s “limited denial of participation” list and the federal ”general services admin” list.

Here’s the graph showing that 96.5 percent of all loans are being backed by the government.  Thanks again to CR who allows me to use his graphs in the classroom. 

Here’s the recent story about Wells Fargo limiting short sales to only ONE foreclosure postponement.

Two new stories today about Foreclosure-Gate. First the JP Morgan conference call notes and second, a great piece by Tanta about lost note affidavits. And one more: All 50 State Attorney Generals to Review Foreclosures.

Thanks for a fun class!