- This topic has 405 replies, 25 voices, and was last updated 14 years, 11 months ago by Rt.66.
-
AuthorPosts
-
October 15, 2009 at 10:41 PM #470567October 15, 2009 at 10:46 PM #469754temeculaguyParticipant
[quote=SD Realtor]
tg – merriman for seymor straight up.[/quote]Deal!!!
I just read the linked article, I have to serve myself a plate of crow, that was from a “pay to see the data” website and it was full of indisputable facts with cited sources. I’m hard on the paysites but this is a first, maybe they are trying to put some distance between themselves and the competition, who knows what their angle is, I always have my suspicions about pay sites, but crow for dinner it is, never thought I’d say it.
They also defined shadow as bank owned held vacant, which is what I consider it. They also reported an increasing number of cancellations and third party sales (however they didn’t say if it was shorts, so I assume it’s just courthouse steps sales, I’d love to know what percentage of nod are selling as shorts), step sales to investors and cancellations is what SD and others have been reporting. The confirmed what rt.66 and a few others have been touting with regards to increasing nods, but then also reported that loans made after Aug 2007 (when the rules about qualifying for loans came in) those properties are not going into default nearly as much, the drop off matches the rule change, regardless of fha. They put a nice little ring around the danger zone (05 and 06 pruchases, +/-) and then broke it all out buy county. There was something for everyone in that, while it didn’t predict calamity, it didn’t smell of roses either, it just threw down some facts, I like it, more please.
The owner of that website has posted here a few times, if he sees this, pass the salt, this crow tastes like crap, but eat it i will.
October 15, 2009 at 10:46 PM #469935temeculaguyParticipant[quote=SD Realtor]
tg – merriman for seymor straight up.[/quote]Deal!!!
I just read the linked article, I have to serve myself a plate of crow, that was from a “pay to see the data” website and it was full of indisputable facts with cited sources. I’m hard on the paysites but this is a first, maybe they are trying to put some distance between themselves and the competition, who knows what their angle is, I always have my suspicions about pay sites, but crow for dinner it is, never thought I’d say it.
They also defined shadow as bank owned held vacant, which is what I consider it. They also reported an increasing number of cancellations and third party sales (however they didn’t say if it was shorts, so I assume it’s just courthouse steps sales, I’d love to know what percentage of nod are selling as shorts), step sales to investors and cancellations is what SD and others have been reporting. The confirmed what rt.66 and a few others have been touting with regards to increasing nods, but then also reported that loans made after Aug 2007 (when the rules about qualifying for loans came in) those properties are not going into default nearly as much, the drop off matches the rule change, regardless of fha. They put a nice little ring around the danger zone (05 and 06 pruchases, +/-) and then broke it all out buy county. There was something for everyone in that, while it didn’t predict calamity, it didn’t smell of roses either, it just threw down some facts, I like it, more please.
The owner of that website has posted here a few times, if he sees this, pass the salt, this crow tastes like crap, but eat it i will.
October 15, 2009 at 10:46 PM #470288temeculaguyParticipant[quote=SD Realtor]
tg – merriman for seymor straight up.[/quote]Deal!!!
I just read the linked article, I have to serve myself a plate of crow, that was from a “pay to see the data” website and it was full of indisputable facts with cited sources. I’m hard on the paysites but this is a first, maybe they are trying to put some distance between themselves and the competition, who knows what their angle is, I always have my suspicions about pay sites, but crow for dinner it is, never thought I’d say it.
They also defined shadow as bank owned held vacant, which is what I consider it. They also reported an increasing number of cancellations and third party sales (however they didn’t say if it was shorts, so I assume it’s just courthouse steps sales, I’d love to know what percentage of nod are selling as shorts), step sales to investors and cancellations is what SD and others have been reporting. The confirmed what rt.66 and a few others have been touting with regards to increasing nods, but then also reported that loans made after Aug 2007 (when the rules about qualifying for loans came in) those properties are not going into default nearly as much, the drop off matches the rule change, regardless of fha. They put a nice little ring around the danger zone (05 and 06 pruchases, +/-) and then broke it all out buy county. There was something for everyone in that, while it didn’t predict calamity, it didn’t smell of roses either, it just threw down some facts, I like it, more please.
The owner of that website has posted here a few times, if he sees this, pass the salt, this crow tastes like crap, but eat it i will.
October 15, 2009 at 10:46 PM #470360temeculaguyParticipant[quote=SD Realtor]
tg – merriman for seymor straight up.[/quote]Deal!!!
I just read the linked article, I have to serve myself a plate of crow, that was from a “pay to see the data” website and it was full of indisputable facts with cited sources. I’m hard on the paysites but this is a first, maybe they are trying to put some distance between themselves and the competition, who knows what their angle is, I always have my suspicions about pay sites, but crow for dinner it is, never thought I’d say it.
They also defined shadow as bank owned held vacant, which is what I consider it. They also reported an increasing number of cancellations and third party sales (however they didn’t say if it was shorts, so I assume it’s just courthouse steps sales, I’d love to know what percentage of nod are selling as shorts), step sales to investors and cancellations is what SD and others have been reporting. The confirmed what rt.66 and a few others have been touting with regards to increasing nods, but then also reported that loans made after Aug 2007 (when the rules about qualifying for loans came in) those properties are not going into default nearly as much, the drop off matches the rule change, regardless of fha. They put a nice little ring around the danger zone (05 and 06 pruchases, +/-) and then broke it all out buy county. There was something for everyone in that, while it didn’t predict calamity, it didn’t smell of roses either, it just threw down some facts, I like it, more please.
The owner of that website has posted here a few times, if he sees this, pass the salt, this crow tastes like crap, but eat it i will.
October 15, 2009 at 10:46 PM #470572temeculaguyParticipant[quote=SD Realtor]
tg – merriman for seymor straight up.[/quote]Deal!!!
I just read the linked article, I have to serve myself a plate of crow, that was from a “pay to see the data” website and it was full of indisputable facts with cited sources. I’m hard on the paysites but this is a first, maybe they are trying to put some distance between themselves and the competition, who knows what their angle is, I always have my suspicions about pay sites, but crow for dinner it is, never thought I’d say it.
They also defined shadow as bank owned held vacant, which is what I consider it. They also reported an increasing number of cancellations and third party sales (however they didn’t say if it was shorts, so I assume it’s just courthouse steps sales, I’d love to know what percentage of nod are selling as shorts), step sales to investors and cancellations is what SD and others have been reporting. The confirmed what rt.66 and a few others have been touting with regards to increasing nods, but then also reported that loans made after Aug 2007 (when the rules about qualifying for loans came in) those properties are not going into default nearly as much, the drop off matches the rule change, regardless of fha. They put a nice little ring around the danger zone (05 and 06 pruchases, +/-) and then broke it all out buy county. There was something for everyone in that, while it didn’t predict calamity, it didn’t smell of roses either, it just threw down some facts, I like it, more please.
The owner of that website has posted here a few times, if he sees this, pass the salt, this crow tastes like crap, but eat it i will.
October 16, 2009 at 4:11 AM #469783analystParticipantThe phrase “shadow inventory” came into existence to describe quantities of properties which were expected to appear as listings for sale, but, for some reason, did not.
In that context, there is no difference between any of the following:
1. REO not listed for sale
2. NOT, sale postponed, no short sale in progress
3. NOD, NOT not issued, no short sale in progress
4. delinquent, NOD not issued, no short sale in progressThey are all part of shadow inventory, since each of them is a -1 to the market.
Since only the servicer has details about category 4, nobody has the information required to accurately calculate shadow inventory.
And, it doesn’t matter much as long as the mark-to-market rules are suspended and the buyer incentives remain as they are (low interest rates, low down payments, down payment assistance, non-recourse loans). The shadow inventory will remain in the shadows, released to the market at a pace chosen by the owners of the impaired mortgages.
They will choose between one large immediate loss, and years of monthly losses, hopefully followed by a rebound in prices.
October 16, 2009 at 4:11 AM #469965analystParticipantThe phrase “shadow inventory” came into existence to describe quantities of properties which were expected to appear as listings for sale, but, for some reason, did not.
In that context, there is no difference between any of the following:
1. REO not listed for sale
2. NOT, sale postponed, no short sale in progress
3. NOD, NOT not issued, no short sale in progress
4. delinquent, NOD not issued, no short sale in progressThey are all part of shadow inventory, since each of them is a -1 to the market.
Since only the servicer has details about category 4, nobody has the information required to accurately calculate shadow inventory.
And, it doesn’t matter much as long as the mark-to-market rules are suspended and the buyer incentives remain as they are (low interest rates, low down payments, down payment assistance, non-recourse loans). The shadow inventory will remain in the shadows, released to the market at a pace chosen by the owners of the impaired mortgages.
They will choose between one large immediate loss, and years of monthly losses, hopefully followed by a rebound in prices.
October 16, 2009 at 4:11 AM #470318analystParticipantThe phrase “shadow inventory” came into existence to describe quantities of properties which were expected to appear as listings for sale, but, for some reason, did not.
In that context, there is no difference between any of the following:
1. REO not listed for sale
2. NOT, sale postponed, no short sale in progress
3. NOD, NOT not issued, no short sale in progress
4. delinquent, NOD not issued, no short sale in progressThey are all part of shadow inventory, since each of them is a -1 to the market.
Since only the servicer has details about category 4, nobody has the information required to accurately calculate shadow inventory.
And, it doesn’t matter much as long as the mark-to-market rules are suspended and the buyer incentives remain as they are (low interest rates, low down payments, down payment assistance, non-recourse loans). The shadow inventory will remain in the shadows, released to the market at a pace chosen by the owners of the impaired mortgages.
They will choose between one large immediate loss, and years of monthly losses, hopefully followed by a rebound in prices.
October 16, 2009 at 4:11 AM #470390analystParticipantThe phrase “shadow inventory” came into existence to describe quantities of properties which were expected to appear as listings for sale, but, for some reason, did not.
In that context, there is no difference between any of the following:
1. REO not listed for sale
2. NOT, sale postponed, no short sale in progress
3. NOD, NOT not issued, no short sale in progress
4. delinquent, NOD not issued, no short sale in progressThey are all part of shadow inventory, since each of them is a -1 to the market.
Since only the servicer has details about category 4, nobody has the information required to accurately calculate shadow inventory.
And, it doesn’t matter much as long as the mark-to-market rules are suspended and the buyer incentives remain as they are (low interest rates, low down payments, down payment assistance, non-recourse loans). The shadow inventory will remain in the shadows, released to the market at a pace chosen by the owners of the impaired mortgages.
They will choose between one large immediate loss, and years of monthly losses, hopefully followed by a rebound in prices.
October 16, 2009 at 4:11 AM #470602analystParticipantThe phrase “shadow inventory” came into existence to describe quantities of properties which were expected to appear as listings for sale, but, for some reason, did not.
In that context, there is no difference between any of the following:
1. REO not listed for sale
2. NOT, sale postponed, no short sale in progress
3. NOD, NOT not issued, no short sale in progress
4. delinquent, NOD not issued, no short sale in progressThey are all part of shadow inventory, since each of them is a -1 to the market.
Since only the servicer has details about category 4, nobody has the information required to accurately calculate shadow inventory.
And, it doesn’t matter much as long as the mark-to-market rules are suspended and the buyer incentives remain as they are (low interest rates, low down payments, down payment assistance, non-recourse loans). The shadow inventory will remain in the shadows, released to the market at a pace chosen by the owners of the impaired mortgages.
They will choose between one large immediate loss, and years of monthly losses, hopefully followed by a rebound in prices.
October 16, 2009 at 6:25 AM #469793Nor-LA-SD-guyParticipantShadow people have to live somewhere right ???
Anyway Google is hiring , says the worst of recession is over.
Maybe they will hire shadow people as well.
October 16, 2009 at 6:25 AM #469975Nor-LA-SD-guyParticipantShadow people have to live somewhere right ???
Anyway Google is hiring , says the worst of recession is over.
Maybe they will hire shadow people as well.
October 16, 2009 at 6:25 AM #470328Nor-LA-SD-guyParticipantShadow people have to live somewhere right ???
Anyway Google is hiring , says the worst of recession is over.
Maybe they will hire shadow people as well.
October 16, 2009 at 6:25 AM #470400Nor-LA-SD-guyParticipantShadow people have to live somewhere right ???
Anyway Google is hiring , says the worst of recession is over.
Maybe they will hire shadow people as well.
-
AuthorPosts
- You must be logged in to reply to this topic.