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  • January 3, 2008 at 7:49 AM #128644
    Allan from Fallbrook
    Participant

    TG: Much like the old Realtor’s mantra of location, location, location, there will be the new banker’s mantra of inventory, inventory, inventory.

    The banks do not have a choice. At present, they are only putting out less than 30% of their REO inventory. The rationale was that by so doing they would keep prices from cratering and thereby recoup as much value as possible.

    It now appears (post 1Jan08) that they are going to get whatever price they can, and clear the books. This pressure is only going to increase, so it will be very interesting to see what happens next.

    January 3, 2008 at 8:16 AM #128383
    SD Realtor
    Participant

    I would agree that I am seeing much more aggressive pricing by banks on REO AND on short sales acceptances.

    SD Realtor

    January 3, 2008 at 8:16 AM #128549
    SD Realtor
    Participant

    I would agree that I am seeing much more aggressive pricing by banks on REO AND on short sales acceptances.

    SD Realtor

    January 3, 2008 at 8:16 AM #128557
    SD Realtor
    Participant

    I would agree that I am seeing much more aggressive pricing by banks on REO AND on short sales acceptances.

    SD Realtor

    January 3, 2008 at 8:16 AM #128625
    SD Realtor
    Participant

    I would agree that I am seeing much more aggressive pricing by banks on REO AND on short sales acceptances.

    SD Realtor

    January 3, 2008 at 8:16 AM #128654
    SD Realtor
    Participant

    I would agree that I am seeing much more aggressive pricing by banks on REO AND on short sales acceptances.

    SD Realtor

    January 3, 2008 at 9:06 AM #128406
    Allan from Fallbrook
    Participant

    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.

    January 3, 2008 at 9:06 AM #128574
    Allan from Fallbrook
    Participant

    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.

    January 3, 2008 at 9:06 AM #128582
    Allan from Fallbrook
    Participant

    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.

    January 3, 2008 at 9:06 AM #128650
    Allan from Fallbrook
    Participant

    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.

    January 3, 2008 at 9:06 AM #128679
    Allan from Fallbrook
    Participant

    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.

    January 3, 2008 at 9:12 AM #128411
    hipmatt
    Participant

    TG, great homework, as usual, keep em coming. Its good to see that the banks are finally getting serious. 08 could be a big, big year for us housing bears.

    January 3, 2008 at 9:12 AM #128579
    hipmatt
    Participant

    TG, great homework, as usual, keep em coming. Its good to see that the banks are finally getting serious. 08 could be a big, big year for us housing bears.

    January 3, 2008 at 9:12 AM #128587
    hipmatt
    Participant

    TG, great homework, as usual, keep em coming. Its good to see that the banks are finally getting serious. 08 could be a big, big year for us housing bears.

    January 3, 2008 at 9:12 AM #128655
    hipmatt
    Participant

    TG, great homework, as usual, keep em coming. Its good to see that the banks are finally getting serious. 08 could be a big, big year for us housing bears.

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