Here are some links to information we will cover today:
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 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 the New York Times interactive graph showing the percentage of subprime loans in each state and county.
Here’s the 60 Minutes Episode on LPS and the robo signer fiasco.
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.
We briefly discussed Titanium Mortgage Solutions.
Here’s that 60 Minutes Episode on LPS and the Robo-signer scandal. Once the state Attorneys General settle their lawsuit against banks and lenders, we will see more foreclosures hit the market.
Here are the sales statistics I posted at the end of class from Jack Daly.