Field Check Group: Real Estate & Finance

After the Rate Spike — Mortgage Operations Turmoil…Kick out the Dead Loans Now
Rates are all over the map as lenders assess the damage and price cautiously.  Now, it is a mad dash to only focus upon the loans that are locked and have a chance of funding. If the locked loans are not funded quickly [...]

Mortgage Rates – It Could be as Bad as You Can Imagine
With respect to yesterday’s in the mortgage market — yes, it is as bad as you can imagine. No call can be made on the near-term, however, until we see where this settles out over the next week of so. If rates do stay [...]

- Gridlock: CA Organic House Sales — No Increase in 18-months
In order to chew through supply and balance the market, homeowners must be able to sell and re-buy. Move-up/across/down homeowners have always carried the market in the past. Now the market is dominated by its weakest participants — the first timer and investor — [...]

-April Foreclosure Action — Preview of Market-Moving Headlines This Week
-Potential False Bottom as Servicers Game the System in March
-Nearly Half of the Decrease in April NOD’s was caused by Chase Gaming the System
-Mortgage-Mod Recidivism Update — We Can’t Modify Our Way Out of This
-Loan Mod Re-Default Rates at 80% at Countrywide and WaMu
-Large Bank Origination [...]

Special REO Investor Report — Why Buy Bulk REO?  The Servicers Are Giving Them Away…If You Know How to Look
In CA at the courthouse steps very few properties sell because you need to be an absolute pro — especially with respect to due-diligence, figuring out approx opening bid pricing early and knowing which servicers consistently [...]