banks: Housing Recovery Debate Lingers Heading into 2013 Posted by "ShortSaleCertified" BrowningRealEstateSchool - 12/21/12 12:02 PM
 
Housing Recovery Debate Lingers Heading into 2013
By Evan Nemeroff
The housing industry has experienced a rollercoaster ride in 2012 as foreclosures and residential delinquencies are falling, but inventory is still not being released by the banks into the market. So the big question still looms among industry insiders—are we really in a housing recovery right now?

Rick Sharga, executive vice president at Carrington Mortgage Holdings, said the state of the industry is making progress, but he still anticipates a “slow, gradual grind-it-out recovery” heading into 2013. Sharga believes it will still take three to four years for a … (0 comments)

banks: Mortgage Rates Head Higher on Positive Economic Data - 03/25/12 09:13 AM
By: Carrie Bay
Rates for all mortgage loan products headed higher this week as positive employment indicators rolled in, with job growth over the last six months the strongest it’s been since 2006. That, coupled with the Greek debt restructuring on the international front and the results of the Federal Reserve’s stress tests pointing to a stronger financial banking system, boosted investor confidence and drove bond yields higher.
“An upbeat employment report for February caused U.S. Treasury bond yields to increase over the week and mortgage rates followed,” according to Frank Nothaft, Freddie Mac’s chief economist.
Studies from both Freddie … (0 comments)

banks: ATTN: AZ Real Estate Professionals, On March 27th, the REOCertified National Designation in Phoenix - 03/11/12 05:11 PM
 
Arizona: http://www.cvent.com/d/ncql9m/1Q
REOCertified® National Designation will be conducted in Phoenix @ PAR (Phoenix Association of REALTORS) on April 27th, $119 per day or both days @ $210, 7 Continuing Education Hours
SSC=Short Sale Certified® National Designation will be conducted in Phoenix @ PAR (Phoenix Association of REALTORS) on April 28th, $119 per day or both days @ $210, 6 Continuing Education Hours
www.REOInstituteColorado.com
… (0 comments)

banks: AG for Hardest Hit State Outlines Homeowner Bill of Rights - 03/01/12 11:25 AM
AG for Hardest Hit State Outlines Homeowner Bill of Rights
02/29/2012 By: Esther Cho
 
California Attorney General Kamala D. Harris outlined the six parts in the proposed California Homeowner Bill of Rights during a press conference on Wednesday.
The first part of the bill the California AG announced was the Foreclosure Reduction Act of 2012, which will address dual tracking issues. Dual tracking is when a homeowner is pursuing a modification while also in the foreclosure process.
Harris said that the act will require creditors to establish rights of foreclosure and provide homeowners with notice of various … (0 comments)

banks: REOCertified® - 02/21/12 08:42 PM
REOCertified®
http://youtu.be/P9waRtut46o
www.REOInstituteColorado.com
The REO Institute presents BPO Simplified and REO Simplified="REOCertified", National Designation! Accredited for Continuing Education in the States that we instruct in. This states are CA, CO, TX, FL, WY, AZ, UT and NV.
… (0 comments)

banks: ATTN: FLORIDA, REO Institute and Ed Kolpfer Real Estate School Presents: "REOCertified(R)", SSC (Short Sale Certified(R) - 01/18/12 11:15 PM
 "REOCertified(R)", THE PREMIER REO National Designation!
You are invited to the BPO/REO Certified continuing education classes on either Feb 7th or 9th or the Short Sales Simplified Course on Feb 8th or 10th, 2012. These classes will be great events designed to provide you with many new tools for today’s real estate market. Want to work in the BPO/REO market? This class provides in depth training on how to complete BPOs and sell REOs.Don't want to work in the BPO/REO market, but want to know how to work with buyers purchasing foreclosed properties? This class provides the knowledge you need to … (1 comments)

banks: HAMP Mods Pass 900K as Servicers Tackle Seconds, Negative Equity - 01/12/12 06:42 PM
HAMP Mods Pass 900,000 as Servicers Tackle Seconds, Negative Equity
01/09/2012 By: Carrie Bay
 
The Treasury Department released a new report Monday highlighting the results of its flagship Home Affordable Modification Program (HAMP). Nearly 910,000 homeowners have received a permanent HAMP modification to date, saving an estimated $9.9 billion in monthly mortgage payments.
Treasury says borrowers now entering HAMP have a better chance of earning a permanent modification and realizing long-term success. Eighty-three percent of eligible homeowners that signed on to HAMP since June 2010 have received a permanent modification, with an average trial period of 3.5 … (0 comments)

banks: PAST DUE MORTGAGES = 6,298,000 - 01/08/12 01:54 AM
There were 6,298,000 mortgages going unpaid in the United States as of the end of October, according to Lender Processing Services (LPS).

It’s a daunting number, but the data show that it’s actually been on a fairly steady decline for nearly two years now.
At the start of 2011, the total number of non-current mortgages in the U.S. stood at 6,870,000. In January 2010, it was 8,118,000.
LPS’ more recent reports show the industry is slowly but surely chipping away at the number each and every month – the result of both loss mitigation workouts and removing loans that cannot … (1 comments)

banks: NEVADA ATTORNEY GENERAL SUES LPS! - 01/06/12 07:32 PM
Nevada Attorney General Sues LPS
By: Carrie Bay
Nevada Attorney General Catherine Cortez Masto has filed a lawsuit against Lender Processing Services (LPS), alleging the company engaged in deceptive practices against Nevada consumers by executing fraudulent documents to support foreclosure proceedings.
 
Masto’s announcement came as a surprise, considering just last month LPS disclosed publicly that the attorney general’s office assured the company it was not a target of the state’s investigation, which has already resulted in the indictment of six former LPS employees for alleged robo-signing abuses.
LPS says it “strongly disputes” Masto’s latest allegations and has been … (0 comments)

banks: Zillow: Home Values Down Nearly $700 Billion in 2011 - 01/01/12 04:07 PM
By Evan Nemeroff  
Zillow is projecting that home values across the country are expected to have gone down approximately $700 billion in 2011, which would be 35% less than the $1.1 trillion that was lost in 2010.
The Seattle, Wash.-based real estate provider said the majority of the losses occurred in the first half of the year. From January to June, the housing market experienced a loss of $454 billion, while Zillow is estimating that residential home value losses will be about half ($224 billion) during the second half of 2011.
“While homeowners suffered through another year of steep losses, … (1 comments)

banks: Become REO Certified(R) TODAY!! - 12/27/11 06:27 PM
Why wait. It's easy, smart and can seriously amp up your earnings!
See: YouTube
http://youtu.be/Ae1GKfmFjD0
… (0 comments)

banks: PEMCO, Green River Capital, Phoenix Asset Management wishes you a Merry X-Mas, SEE THE VIDEO!! - 12/23/11 11:45 PM
 
Subject: PEMCO, Green River Capital, Phoenix Asset Management...
...Asset Valuation & Marketing,DS NEWS, REO Network, Prime AssetFund and MFS Supply.   What do all these wonderful companieshave in common?   They all recorded a video to wishyou a Merry Christmas and a HappyNew Year!   PEMCO actually sang part of theirChristmas greeting. ;)   Check them out here.   Merry Christmas!   Permission granted by Chris to publish this video, I want to thank all those who shared their best wishes in the video...James … (1 comments)

banks: Brillion Asset Solutions has acquired the REO Asset management Company Infinity National Asset Management!! THEN THEY CHARGE YOU $999.00 FOR REO TRAINING TO WORK WITH THEM?!?!?!?! - 12/22/11 12:49 PM
Hello Real Estate Professionals, I did some investigation on Brillion, to work with them currently they ask that you pay $1,900.00 ($995.00 each class), for REO & Short Sales training to work with Brillion Asset Solutions. May I ask, were does it STOP??
 
Wednesday, December 21, 2011
By Evan Nemeroff
Brillion Asset Solutions has acquired the REO asset management company Infinity National Asset Management.
Like what you see? Click here to sign up for the Managing REO bi-weekly newsletter to get the latest news, trends, and data written to help asset managers better manage foreclosed property.
Terms of the transaction were not disclosed.
According … (2 comments)

banks: Service Providers Facing Challenges in REO Marketplace - 12/20/11 03:41 PM
Just read this and found it interesting:
 
In the rollercoaster world where REO and foreclosure volumes change on a monthly basis, title companies, lenders and servicers are trying to close as many real estate transactions as possible despite inventory levels being lower than previous years.
http://www.mortgageservicingnews.com/nmn_features/facing-challenges-reo-marketplace-1026200-1.html?ET=mortgageservicing:e1683:25741a:&st=email&utm_source=editorial&utm_medium=email&utm_campaign=MSN_REO_082411&site=default_reo
 
… (0 comments)

banks: Home Prices Rising or Falling or Standing Still? - 12/18/11 11:58 AM
Where are prices going in your market? And how sure are you? We've certainly had lots of surprises as an industry!
Read this today:
Survey: Home Prices Expected to Increase 1.1% Over Next Five Years http://www.dsnews.com/articles/survey-home-prices-expected-to-increase-11-over-next-five-years-2011-09-21
… (1 comments)

banks: WHAT DOES CHRISTMAS MEAN TO YOU??? - 12/07/11 12:52 AM
What does Christmas mean to you?
Family?
Health?
Money?
Fame?
Higher Power?
Religion?
Happiness?
Many choices are not listed, but, What does Christmas mean to you?
HAPPY HOLIDAYS AND MAY YOU HAVE A WONDERFUL NEW YEAR!!
 
… (2 comments)

banks: Study Uncovers Declines Among Owner-Occupant REO Buyers!! - 12/05/11 10:42 PM
Study Uncovers Declines Among Owner-Occupant REO Buyers!!
Looking for an REO buyer? It’s becoming harder to find owner-occupants to fit that bill. New Vista Asset Management has published the results of a three-year study on buyers of foreclosed homes, covering 18 counties hit hardest by the mortgage crisis.
The company says the percentage of REO homes sold to owner-occupant buyers has decreased in almost every market.
In Los Angeles County, California, for example, owner-occupant REO buyers have dropped from 80 percent in 2009 to 60 percent by the third quarter of 2011.
New Vista’s study uses data extracted from … (0 comments)

banks: Study Finds Fewer "BORROWERS" Sinking in Negative Equity!! - 12/03/11 04:01 PM
Study Finds Fewer Borrowers Sinking in Negative Equity!
 
The depreciation of home values over the past half-decade has left millions of mortgage borrowers owing more than their home is worth – 10.7 million, according to CoreLogic.
 
The company released its third-quarter update on negative equity within the U.S. housing market Tuesday. It shows that 22.1 percent of all residential properties with a mortgage were underwater as of the end of September.
That’s actually down from 22.5 percent – or 10.9 million borrowers – at the end of the second quarter, but CoreLogic says the number remains high … (0 comments)

banks: Do "NOT" Buy a list for REO/BPO Institutions for REO Listings or BPO Opportunities!!!! - 12/01/11 11:19 PM
DO NOT purchase a list of Banks/Lenders/Outsourcers for BPO opportunities or REO Listings! In my many years of REO experience, the lists are not worth the paper they are written on. BEWARE!!
Tip # 1, I have seen many lists that promise a link or connection to Asset Managers, Vender Relations, BPO Managers, Outsource Managers, and other positions that promise success for obtaining relationships with the above positions. A. Asset managers and other managers are in a constant state of change. So, the list last year or six months ago may not be accurate.B. Asset Managers, BPO Managers have LARGE … (2 comments)

banks: ARE YOU ON A ISLAND?????????? - 11/19/11 10:03 PM
SHORT SALES, THE ISLAND YOU DO NOT WANT TO BE STRANDED ON!?!?!?!?
 
The industry has been trying though loan modifications to keep the borrower in their homes, leaseback programs, short sales and other creative processes. The last thing the servicers/banks/lenders want is to the see the foreclosure process in the courts. This delays the process and costs them more money.
Meanwhile, hundreds of thousands of foreclosures are stagnate or in limbo (Shadow Market?). In reality these assets are draining enormous industry resources that servicers could be and should be used “to engage and help”, distressed homeowners.
While opinions and reasons … (1 comments)

 
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James A. Browning MRE REOCertified(R) SSCertified

International, INT

More about me…

Browning Real Estate School/REO Institute

Address: 11250 Raritan St, Westminster, CO, 80234

Office Phone: (303) 465-2889

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