Here is a nice graph showing agency REO inventory and the follow up from Tom Lawler adding private label RMBS REO inventory….and here’s CR’s Graph Gallery. The menu runs left to right across the top of the page, just under CR’s logo.
We talked about Fannie and Freddie being insolvent. Here’s a story from today’s Housing Wire on that topic. Expect MORE FHA REOs out there.
Here’s a great resource guide that was just published: It’s 61 pages….BUT full of good stuff. WA StateForeclosure Resource and Prevention Guide.
Here’s one of many stories featuring Jim the Realtor, an REO agent out of Calif who videotapes the REOs he lists as part of his initial walk-through.
Here’s a link to the NAHREP Wells Fargo Event next week. If I wasn’t already teaching, I’d be attending this.
We briefly discussed Titanium Mortgage Solutions.
I mentioned a federal law that requires lenders to favor minority applicants when selecting REO listings….It’s called the Housing and Economic Recovery Act. Here’s more info from Fannie Mae, Freddie Mac….and here’sa news story about it.
Here’s the direct link to the list of WA State Chartered Banks
and here’s the most recent unofficial problem bank list.
and a few people wanted the sales statistics I posted at the end of class from Jack Daly.