Reocon Summit reoconsummit.com REOCON Summit & Expo is almost here and is the First major Confethisrence of the new year. So many changes are happening to our industry you just can't afford to miss the opportunities that come with this fantastic event! I highly recommend the REO CONN summit, I do know several of the speakers. Some of the speakers are national and International speakers, take this opportunity to hear some of these world class speakers. www.BrowningRealEstateSchool.com … (0 comments)
On Aug 31, Tommy Lister, an actor who has appeared in approximately 100 movies, was charged in federal court with conspiring to commit mortgage fraud in a scheme that led to $3.8 million in losses. Lister, who is also known as “Tiny” and “Zeus,” was charged in a criminal information with one count of conspiracy.
A second person involved in the scheme—Arcelia Chavez, a self-employed certified tax preparer—was also charged with conspiracy. Both Lister and Chavez agreed to plead guilty to the conspiracy … (3 comments)
reo certified: REO Saturation Rate Falls for First Time in 2012: Clear Capital, REO Institute Topic
- 09/07/12 03:37 PM
REO Saturation Rate Falls for First Time in 2012: Clear Capital By: Esther Cho While home prices remained little changed, the REO saturation rate fell for the first time this year, according to Clear Capital’s Home Data Index Market report, which included data to the end of August.
The REO saturation rate, which calculates the portion of REO sales relative to total sales, slipped 6.4 percentage points from the previous quarter to 20.5 percent. The drop is the lowest the REO saturation rate has been since April 2008. At its peak, the REO saturation rate was 40.2 percent in … (0 comments)
reo certified: REOMAC has made a decision not to hold its Fall Education Summit & Expo scheduled for early October.
- 09/02/12 10:36 AM
REOMAC has made a decision not to hold its Fall Education Summit & Expo scheduled for early October. REOMAC has made a decision not to hold its Fall Education Summit & Expo scheduled for early October. Contributing factors in the decision were a contractual dispute with the venue as well as an acknowledgement that members are overloaded in a season that is already packed with events. REOMAC remains committed to physical events such as its Annual Summit in the spring and its local dinners/lunches. In addition, in response to member and non-member feedback gained through recent market research, planning is underway … (0 comments)
The counties analyzed were Suffolk, Nassau, Ulster and Westchester in New York; and, Merced, Riverside, San Bernardino and San Joaquin in California. According to the report, the authors concluded that negative equity was below 5 percent for all eight counties in 2005 but then began to rise rapidly, especially in the four California counties. “The exact amount of negative equity that leads a borrower to ‘walk away’ or … (2 comments)
reo certified: After Failed Sell-Off, MGIC to Shut Down eMagic, Myers
- 07/31/12 12:42 PM
After Failed Sell-Off, MGIC to Shut Down eMagic, Myers Attempts by Mortgage Guaranty Insurance Corp. to sell off its eMagic and Myers Internet units have failed and the mortgage insurer will shut down the pair of technology providers on Sept. 1.
The move comes as the beleaguered MI company looks to consolidate resources and focus on its core business. Milwaukee-based MGIC is still the largest MI provider in terms of existing insurance, called policies-in-force, but has ceded the top spot in new insurance written to competitors Radian and United Guaranty. The eMagic platform connects lenders with third-party origination services, while … (0 comments)
WASHINGTON, DC - The Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) and the United States Attorney for the Southern District of California Laura E. Duffy today announced that three individuals charged with conspiracy to commit wire fraud and mail fraud for their roles in operating a mortgage loan modification scam were sentenced Friday in federal court in San Diego.
United States District Court Judge Anthony J. Battaglia sentenced Ziad Nabil Mohammed Al Saffar to serve 21 months … (0 comments)
reo certified: Housing Recovery to Occur in Two Phases
- 06/13/12 05:03 PM
Housing Recovery to Occur in Two Phases: Demand Institute By: Esther Cho The housing recovery will come in two phases. First, home prices will rise by just under 1 percent in the second half of 2012. In 2013, prices will rise by 1.5 percent, then go up another 2.5 percent in 2014. For the second phase, home prices will increase 3 to 3.5 percent between 2015 and 2017. These are the predictions from a report released by the Demand Institute, which is jointly operated by The Conference Board and Nielsen.
The report, titled The Shifting Nature of U.S. Housing … (4 comments)
reo certified: Combined Foreclosure Activity Wanes, Up in Certain States: RealtyTrac
- 05/17/12 03:58 PM
Combined Foreclosure Activity Wanes, Up in Certain States: RealtyTrac By: Esther Cho Foreclosure filings – default notices, scheduled auctions and bank repossessions – totaled 188,780 in April 2012, which is the lowest monthly total since July 2007, according to RealtyTrac’s Foreclosure Market Report April foreclosure activity also fell 5 percent from the previous month and was down 14 percent from a year ago in April.
Even though certain individual states increased in foreclosure activity, Brandon Moore, CEO of RealtyTrac, said a rise in many state and local markets in April was masked at the national level … (0 comments)
It will take 46 months to clear the market’s supply of distressed homes, or the shadow inventory, according to estimates from Standard & Poor’s Rating Services based on first-quarter 2012 data.
The agency’s latest estimate came in one month shy of the liquidation timeline determined in the fourth quarter of 2011. While national residential mortgage liquidation rates appeared stable over the first three months of this year, these rates varied widely between local markets, which prevented any significant reduction in S&P’s months-to-clear estimate, … (1 comments)
reo certified: "REO Institute", Please join our Group on LINKEDIN, We Value your Opinions RE: Market Conditions!!
- 03/08/12 03:45 AM
The Group was established to hear your voices, the Real Estate Professionial regarding the distressed market conditions in your local market place or regional market conditions. Please share your comments, opinions, and knowledge with our group on LINKEDIN, REO Institute. Do not be shy, please join us! A big thank you from the REO Institute … (0 comments)
reo certified: SHORT SALES EVENTS-U S Treasury Dept.
- 02/14/12 07:43 PM
US Treasury Short Sales Events NAR is working with the U.S. Department of Treasury on Help for Homeowners events around the country. These events offer real estate professionals the opportunity to attend a workshop presented by various servicers on everything you need to know about executing short sales in today’s market. In addition to the short sales workshop, you also will have the unique chance to meet on your clients’ behalf with the servicers to get difficult questions answered and move stuck cases forward. The first events are scheduled in Miami on February 22 and Tampa on February 24. These will … (0 comments)
reo certified: Broker Risk Reduction and Property Management for REOs and Short Sales!!
- 02/06/12 07:22 AM
BROKER RISK REDUCTION AND PROPERTY MANAGEMENT FOR REOs AND SHORT SALES: During one of the most tenuous housing markets in history, there's alot riding on your shoulders in terms of liability. Learn all what can potentially go wrong with your company's distressed property inventory and what you need to be aware of. During this lively session, James Browning provides valuable information and insight on how to avoid liability and work more effectively with lenders, banks and outsourcers. http://youtu.be/EYSjTFndsLQ … (0 comments)
reo certified: TEXAS REAL ESTATE PROFESSIONALS, Here is your opportunity to become REOCertified® and Short Sale Certified®
- 12/03/11 09:06 AM
Coming to Houston @ HAR (Houston Association of REALTORS) December 7th, 8th, & 9th The REO Institute presents the accredited Income=BPO & REO Simplified courses. 7 hours of CE Credit and the nationally recognized designation of REOCertified®. December 9th will be the Short Sale Simplified course. 7 hours of CE Credit and the nationally recognized designation of Short Sale Certified®.
Click below on the active link for more information or to register! http://www.cvent.com/d/qcqjw8/1Q , PLEASE JOIN OUR GROUP ON LINKEDIN, REO Institute, We would love to have you!! … (5 comments)
reo certified: REO Institute Presents: "REO CERTIFIED" National Designation in Broomfield CO on Nov 15th 2011!
- 11/13/11 02:28 PM
November is already here! You are invited to the REO/BPO Certified® 7 hours of continuing education real estate classes on Tuesday, November 15, 2011. This will be a great event 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 know on how distressed properties are valued and on how the buyers … (0 comments)
reo certified: Bank of America Execs Get $11 Million for Being Fired
- 10/10/11 07:00 AM
On Friday, Bank of America Corp (NYSE: BAC) filed a severance agreement for two of the company’s executives. Bank of America made a decision in September to cut the positions of Joe Price and Sallie Krawcheck in order to lower company costs. But the $11 million severance package between the two of them is stirring up some controversy. That’s a pretty big sum, critics say, for a time when the banks are struggling with payments. The bank, however, says that it is modest in terms of the packages some executives receive, and it is appropriate for the status of these two … (3 comments)
reo certified: Does Fannie Mae Deserve our Help? What do you think??
- 10/08/11 01:47 PM
Do you believe the American people should help Fannie Mae? Share your thoughts. http://www.dsnews.com/articles/fannie-mae-requests-5b-in-taxpayer-support-after-q2-loss-2011-08-05 … (3 comments)
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