To the Students from the May 4, 2011 Class “How to Become an REO Listing Agent”

Hi Everyone,

Thank you for inviting me to come back to beautiful Ketchum/Sun Valley Idaho.

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.

Here’s the news story that broke yesterday: U.S. v. Deutsche Bank.

I did find an older story for George about how much Fannie and Freddie are costing the U.S. taxpayer in dollar volume.

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 direct link to the Idaho state-chartered banks.

and here’s the most recent unofficial problem bank list.