Hi Everyone,
Here’s the follow up from class today.
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. Please use this to educate your sellers. Help them understand that underwriting guidelines need to tighten further in order to attract investors to buy residential mortgage backed securities (RMBS) again.
Here is a nice graph showing agency REO inventory and the follow up from Tom Lawler adding private label RMBS REO inventory.
I promised a link to local statistics. If you’re not reading Seattle Bubble, this is the ONLY place I know of that’s offering tri-county stats like this.
Here’s one of many stories featuring Jim the Realtor, an REO agent out of Calif who videotapes the REOs he lists.
Here’s the story on Riverwalk Condos in Redmond. Read and weep. 🙁
Here is the pathway to find out how many homes are set for auction each week.
There was a request to link to the Hellickson story…..and it looks like he will appeal the court’s decision to yank his license.
Here’s the direct link to the list of WA State Chartered Banks
and here’s the most recent unofficial problem bank list.