reocertified: Housing Recovery Debate Lingers Heading into 2013 Posted by "ShortSaleCertified" BrowningRealEstateSchool
- 12/21/12 04:02 AM
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)
reocertified: ATTN: REAL Estate Professionals: "DO NOT" and I repeat "DO NOT EVER BUY" a list for BPO Companies or
- 11/10/12 01:52 AM
ATTN: REAL Estate Professionals: "DO NOT" and I repeat "DO NOT EVER BUY" a list for BPO Companies, Banks, Lenders, Outsourcers to obtain BPOs or REO Listings. Everyday, I am contacted by REALTORS, Real Estate Professionals nationally that have "PURCHASED" a list for this purpose. BEWARE, the seller of these lists are taking your hard earned money!!! The lists ARE NOT current! I have said this for many years! Welcome to the REO Institute, the reoinstitutecolorado.com REOCertified® National Designation Course will be launched nationally with Continuing Education (6 hours) accreditation on January 1st, 2013. This course will be available for Long … (5 comments)
reocertified: REOMAC Commercial Dinner @ “The Jonathan Club” in LA, Nov. 1st 2012.
- 10/26/12 09:32 AM
REOMAC Commercial Dinner @ “The Jonathan Club” in LA, Nov. 1st 2012. Meet the Movers and Shakers of Commercial Real Estate in the Mortgage Industry! Meeting Information Date:November 1, 2012 Time:Registration Opens: 4:30 pm Cocktail Reception: 5:00 pm Dinner: 6:00 pm Dr. Adibi: 7:00 pm (no seating after 7:00 pm) Location:The Jonathan Club 545 S. Figueroa Street Los Angeles, CA 90071 Cost: Commercial Luncheon: REOMAC® Members. . . . . . . . . . . . . $75 Non-Members. . . . . . . . . . . . . . . . . . $95 Commercial_Meeting_Flyer_-_November_1,_2012.pdf … (0 comments)
reocertified: BPO REO Simplified How To Work With Asset Managers Book Release
- 09/02/12 12:17 PM
BPO REO Simplified This book provides a thorough understanding of the complex procedures, guidelines, timeframes, and tasks the Outsourcers, Banks and Lenders demand in today’s REO (Real Estate Owned), or Bank Owned Distressed Market.
And here is the link to the book ($10.95) itself http://www.buybooksontheweb.com/product.aspx?ISBN=0-7414-6493-4 Here is the eBook ($6.95) listed on Amazon: http://www.amazon.com/BPO-REO-Simplified-Managers-ebook/dp/B0076S53AG/ref=sr_1_2?ie=UTF8&qid=1338324483&sr=8-2 by:
WASHINGTON, DC - Thomas E. Arney, 56, of Chesapeake, Va., pled guilty on Friday to engaging in a massive bank fraud scheme that contributed to the failure of the Bank of the Commonwealth.
Christy L. Romero, Special Inspector General for the Troubled Asset Relief Program (SIGTARP); Neil H. MacBride, United States Attorney for the Eastern District of Virginia; John Boles, Special Agent in Charge of the FBI's Norfolk Field Office; Rick A. Raven, Special Agent in Charge of the Internal Revenue Service Criminal Investigation's Washington, D.C., Field … (0 comments)
reocertified: California Department of Real Estate Steps Up Disciplinary Actions
- 08/19/12 06:58 AM
California Department of Real Estate Steps Up Disciplinary Actions By Evan Nemeroff The California State Department of Real Estate cracked down on the amount of illegal mortgage activity taking place throughout the state over the last fiscal year by setting record highs in several categories.
Through the end of June 2012, the DRE suspended, surrendered and revoked a record 1,109 real estate licenses for the fiscal year within the Golden State. According to the DRE, 781 real estate licenses were revoked FY 2011-12, which was up about 14% from the previous year when 686 licenses were taken away. Meanwhile, … (2 comments)
reocertified: Clear Capital Reports Rising Prices Across All Regions
- 08/17/12 03:38 PM
Clear Capital Reports Rising Prices Across All Regions By: Esther Cho National home prices saw both quarterly and yearly gains in June, and all four regions across the U.S. posted quarterly increases, according to the Home Data Index (HDI) released by Clear Capital Tuesday. prices rose by 1.7 percent in June from the previous quarter and a year ago, and growth is expected to continue into the second half of the year at a rate of 2.5 percent, Clear Capital reported.
Broad-based regional gains and expanding progress are reasons for the current gains and expected future growth. … (0 comments)
reocertified: I passed the final examination to become a CDEI™
- 08/06/12 07:34 AM
Certified Distance Education Instructor Certified Distance Education Instructor I passed the final examination to become a CDEI™, the required standard for all instructors associated with ARELLO® Certified courses. This had to be one of hardest exams that I ever attempted. But, well worth it. James
If you like this post, please like us on activerain, facebook. Thanks, James … (3 comments)
reocertified: Ratings Agency Rethinks View of Home Prices
- 07/17/12 08:21 AM
Ratings Agency Rethinks View of Home Prices By Brad Finkelstein Fitch Ratings has switched to predicting gains in new home prices for 2012 instead of modest declines, due to "overt price increases and mix issues." The average single-family new home price should improve by 4.25% and the median should rise by 4.5% in 2012. The ratings agency made the comment in its summer 2012 "The Chalk Line" report on homebuilders. Things are improving in the housing industry, but it is a moderate rise off a low point. Fitch said, "In a slowly growing economy with relatively similar distressed home sales competition, … (1 comments)
That the American dream of homeownership lives on despite the worst housing recession in eight decades is a popular notion, backed by survey after survey of consumers who still believe that ownership is the path to economic salvation.
But a new poll, this one by Lifestyle Research out of Newport Beach, Calif., finds just the opposite is true: The dream of ownership is not alive and well and living in America. That’s not necessarily true among the various age groups, the study, which was released at the … (2 comments)
WASHINGTON, DC - The Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) and United States Attorney for the Northern District of Georgia Sally Quillian Yates today announced that Clayton A. Coe, 45, of McDonough, Georgia, the former Senior Commercial Loan Officer for FirstCity Bank of Stockbridge, Georgia, which failed and was seized by the FDIC and state banking authorities in March 2009, pleaded guilty yesterday to bank fraud. The plea is in connection with an $800,000 loan that Coe tricked … (0 comments)
reocertified: REO Institute Topic Veros Forecasts Select Struggling Markets to Start Recovering
- 07/06/12 03:12 AM
Veros Forecasts Select Struggling Markets to Start Recovering By: Esther Cho Certain regions that once dragged the housing market down are expected to start giving the industry a lift while national home values are expected to start leveling, according to forecasts from Veros Real Estate Solutions. “Overall, the gradual recovery in the housing market is forecast to continue from the previous quarter. VeroFORECAST is showing that many markets are expected to experience signs of appreciation even in some of the previously hard hit markets,” said Fox.
The quarterly VeroFORECAST report projects that in the 12-month period ending … (0 comments)
In May, existing-home sales fell to a seasonally adjusted annual rate of 4.55 from 4.62 million in April, which is a monthly decline of 1.5 percent, the NAR reported. Existing home sales were still up from a year ago in May 2011 by 9.6 percent. “Sales declined in May because of a … (2 comments)
reocertified: ShortSaleCertified Topic B of A Cuts Hundreds of Jobs in Florida Including Loan Mod Positions
- 06/16/12 01:51 PM
B of A Cuts Hundreds of Jobs in Florida, Including Loan Mod Positions By: Jackie Stewart Bank of America will lay off 675 employees at two offices in Fort Lauderdale, Fla., as part of the bank's broader plan to reduce its head count. The job cuts will be at offices where the Charlotte company modifies mortgages with some occurring in mid-October and the rest by the end of the year, according to press reports late this week.
"We continually evaluate our operations to ensure we're making the best use of our resources," Christina Beyer, a Bank of America spokeswoman said, … (3 comments)
reocertified: REOCertified® FHA Expected to Announce New Bulk Sales Agenda
- 06/15/12 10:01 AM
by Jann Swanson FHA Expected to Announce New Bulk Sales Agenda Bulk sales were used on a large scale by the Resolution Trust Corporation and the Federal Deposit Insurance Corporation during the savings and loan and banking crises of the 80s and 90s and FDIC continues to use this mechanism to clear the assets of failed banks. Lenders and guarantors such as Freddie Mac and Fannie Mae generally shy away from these sales because of the deep discounts needed to move the loans. Even the "good" loans such as are sold by the FDIC because they are too costly and … (1 comments)
With all the problems and issues with the nation’s foreclosure crisis, robo-signings, moratoriums, court appeals, and servicer reviews.
The Short Sales Transaction is increasing in great numbers to cure defaulted mortgages, giving distressed homeowners another option beside foreclosure. The trend of increased Short Sale activity has gained momentum in the last 11 months accordingly to the Banks, Lenders, and Outsourcers. In some distressed markets, Short sales have outnumbered REO or foreclosure transactions by 4 to 1 ratio. According to Asset Managers, the number of short sales has … (0 comments)
reocertified: REO Institute® Join us, Voice your Opinions, Comments RE: REO Industry
- 06/03/12 10:51 AM
The REO Institute shares information regarding market conditions, REO Asset Companies, Banks, Lenders, Outsourcers! Join us and share your experiences, knowledge, training ideas, opinions, comments about the Default Industry. Start a discussion, tell us what you think!! http://lnkd.in/QJGpZv Join us on LinkedIn, Thanks, James A. Browning MRE
According to the April Zillow Real Estate Market Reports, national home values rose 0.7 percent in April to a Zillow Home Value Index of $147,300. This is the largest monthly increase in home values since January 2006, and it makes April the second month in a row in which home values climbed up. Zillow also reported that rents rose from March to April, increasing by 1.6 percent, … (0 comments)
And here is the link to the book ($10.95) itself http://www.buybooksontheweb.com/product.aspx?ISBN=0-7414-6493-4 Here is the eBook ($6.95) listed on Amazon: http://www.amazon.com/BPO-REO-Simplified-Managers-ebook/dp/B0076S53AG/ref=sr_1_2?ie=UTF8&qid=1338324483&sr=8-2 by:
;)
;)
