This week Bruce Norris is joined by Rick Sharga. Rick is the executive vice-president at Carrington Mortgage Holdings, LLC. He is one of the nation’s most frequently quoted sources on foreclosure, mortgage, and real estate trends. He has appeared on NBC Nightly News, CNN, CBS, NBC, and just about every possible outlook. Rick is also a member of the board of directors of REO Max and president of the Technology Counsel of Southern California. Bruce and Rick discuss what his job as the vice-president of Carrington entails, the company itself and how it was started, bulk purchases of loans as well as loan pools, the concentration in the location of loans, foreclosure laws, the increase in rental properties and rates, Rick's plans to create a REIT, and much more on this week's real estate radio show and podcast.
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