Hi Everyone,
Here are the links and follow up Q&As we discussed in class.
Here’s the blog post I created with links to bank and lender and government (Fannie, Freddie, FHA/VA) REO inventory, listed or otherwise not listed yet.
Here’s the cool Neighborhood Watch website where you can run a search of FHA defaults in Washington State, in a particular county, or on a particular lender. BTW, lenders are angry about this public records tool and want FHA to stop posting this for public view.
Calculated Risk has a plethora of very educational graphs that I use in the classroom. He has posted them all here for us.
Here’s the recent Seattle Times story on Bank of America and their Countrywide acquisition.
Tanta, a famous mortgage lending blogger wrote a piece on lost mortgage notes and you can read that here.
I promised to send you a link on a recent article in Seattle Bubble that shows before and after pictures on a home that an investor fixed up and resold. Seattle Bubble is a great resource for local marketing statistics beyond what the MLS releases each month.
Here’s the article on condo financing that appeared in this past Sunday’s Seattle Times.
Here’s some fun reading material on the subject of push-backs.
at the end of class, one of the students mentioned that the Community Reinvestment Act is to blame for the meltdown. That’s already been refuted as CRA has been around since the 1970s. Nobel Prize winning economist Dr. Paul Krugman gives us some nice data about the Community Reinvestment Act and how CRA is not to blame for the meltdown. All you have to do is google or bing this: community reinvestment act harvard
and the Harvard PDF will come up right at the top of the search engine. Thanks for asking this question! It comes up often.