SDR: Most of the info I am getting on REOs is anecdotal in nature, and is coming from the folks I know in the banking/investment (Wells Fargo, Bear Stearns) business. Since many of them are not directly related to housing or mortgage lending, the information tends to be somewhat second-hand.
What are your contacts on the lending and banking side saying as relates to REOs? You mentioned you are seeing more aggressive pricing from banks. What are you hearing from within the banking community? Just curious.
