Here’s a link to the mortgage delinquency stats charts we looked at during the first hour of class. There was a request to see graphs comparing the 1990s recession with our “Great Recession.” Here’s the most recent “unofficial problem bank list” from CR. This list is updated every Friday evening on calculatedriskblog.com Here’s a link […]
To the Students from the June 15, 2010 Transition Class at Quadrant
Hi Everyone, Here’s the follow up Q&A from today’s class. Q: Do I have to become a managing or designated broker in order to supervise my assistant? Since there is no clear answer here, I will email DOL direct. When they respond, I will post the response back here on the blog. Q: Does DOL have […]
To the Students from the June 2, 2010 Advanced Short Sale Class at SKCAR Bellevue
Hi Everyone, Here’s the follow up from today’s class. Here’s a link to the home page of Calculated Risk, which I consider to be the best finance and economics blog on the web today. Here’s CR’s post on delinquency statistics. A couple of students requested a link to the article on the Pay Option ARM Resets […]
To the Students from the May 27, 2010 Advanced Short Sale Class at John L Scott Puyallup
Hi Everyone, Here’s the follow up from today’s class. Here’s a link to the Home Affordable website describing the details of the Home Affordable Foreclosure Alternative program. Here’s a link to the IRS publication, “Mortgage Forgiveness and Debt Relief Act.” Here’s a good blog article on HAFA, which will help us understand why many homeowners […]
To the Students from the May 24, 2010 REO Class at SKCAR Bellevue
Hi Everyone, Here’s the follow up Q&A from class today. Here’s a link to the mortgage delinquency stats charts we looked at during the first hour of class. Here’s the most recent “unofficial problem bank list” from CR. Here’s a story about Jim the Realtor, the agent who goes through a new REO with a […]
Snohomish County Foreclosure Statistics
When I need a quick fix (am I addicted?) of foreclosure statistics I send an email to Julie Lyda to see if she’s updated her blog, “Snohomish County Market Statistics” and I didn’t even have to ask tonight because she’s already two steps ahead of me. I had no idea REO sales were outpacing REO […]
To the Students from the May 18, 2010 REO Class at Firstam Kirkland
Hi Everyone, Here’s the follow up from today’s class. Here’s the link to Neighborhood Watch so you can see which lenders have a high FHA default rate. Here’s a link to the myfico.com website. They have a great education side to their website where your homeowners can ask all kinds of different questions about how […]
To the Students from the May 6, 2010 Short Sale class at SKCAR Bellevue
Hi Everyone Here are the Q&As from class today: Here’s a direct link to the Home Affordable Foreclosure Alternative (HAFA) website and here’s their FAQ page. There’s nothing here that answers our question as to whether or not the property has to be owner occupied. It is likely a lender decision. Here’s a link to […]
To the Students from the April 29, 2010 Foreclosure class at John L Scott Puyallup
Hi Everyone, Here’s the follow up from class today. Here’s a link to MakingHomeAffordable.gov to see if a home is owned by Fannie/Freddie and eligible for the Home Affordable Foreclosure Alternative program. Here’s a direct link to the Loan Lookup page. Here’s a link to Neighborhood Watch to check to see who the lenders are […]
To the Students from the Advanced Short Sale Class at Firstam Kirkland on April 22, 2010
Hi Everyone, Here’s the follow up from today’s class. Here’s a link to the DFI website, the regulator overseeing independent escrow companies. Here’s a link to the Freddie Mac page on their website describing Short Sale Fraud (ABC transactions.) Here’s a link to the Making Home Affordable website where you can check to see if […]