Where the Shadow inventory might be hiding.

[kewp]

Only when banks start failing and these properties get flooded on the market will we see these pressure on the pricing.

Thats the ticket.

The market has to capitulate before it can clear. It looks like the banks are just delaying their own demise as long as they can (can’t really blame em’).

Sooner or later the rubber will meet the road and its game over, though.

[peterb]

It seems like all we’re seeing here is a lot of anecdotal evidence and heresay. It would be nice if someone who’s actually in the business could clarify the situation. IS it really just a huge back log that’s causing the delay or is it something else? Foreclosures are creeping up to almost 2000 a month in SD County. And that’s a huge record over past down cycles that peaked at around 600 a month.

[peterb]

It seems like all we’re seeing here is a lot of anecdotal evidence and heresay. It would be nice if someone who’s actually in the business could clarify the situation. IS it really just a huge back log that’s causing the delay or is it something else? Foreclosures are creeping up to almost 2000 a month in SD County. And that’s a huge record over past down cycles that peaked at around 600 a month.

[peterb]

It seems like all we’re seeing here is a lot of anecdotal evidence and heresay. It would be nice if someone who’s actually in the business could clarify the situation. IS it really just a huge back log that’s causing the delay or is it something else? Foreclosures are creeping up to almost 2000 a month in SD County. And that’s a huge record over past down cycles that peaked at around 600 a month.

[peterb]

It seems like all we’re seeing here is a lot of anecdotal evidence and heresay. It would be nice if someone who’s actually in the business could clarify the situation. IS it really just a huge back log that’s causing the delay or is it something else? Foreclosures are creeping up to almost 2000 a month in SD County. And that’s a huge record over past down cycles that peaked at around 600 a month.

[peterb]

It seems like all we’re seeing here is a lot of anecdotal evidence and heresay. It would be nice if someone who’s actually in the business could clarify the situation. IS it really just a huge back log that’s causing the delay or is it something else? Foreclosures are creeping up to almost 2000 a month in SD County. And that’s a huge record over past down cycles that peaked at around 600 a month.

[peterb]

I know that Ward Hannigan is a long time expert in this arena and I’ve checked his web site about it. If you really want to get scared, read what he’s writing lately! This guy is about the straightest shooter I’ve seen in the business and he’s been around about 30 years, at least.

[peterb]

I know that Ward Hannigan is a long time expert in this arena and I’ve checked his web site about it. If you really want to get scared, read what he’s writing lately! This guy is about the straightest shooter I’ve seen in the business and he’s been around about 30 years, at least.

[peterb]

I know that Ward Hannigan is a long time expert in this arena and I’ve checked his web site about it. If you really want to get scared, read what he’s writing lately! This guy is about the straightest shooter I’ve seen in the business and he’s been around about 30 years, at least.

[peterb]

I know that Ward Hannigan is a long time expert in this arena and I’ve checked his web site about it. If you really want to get scared, read what he’s writing lately! This guy is about the straightest shooter I’ve seen in the business and he’s been around about 30 years, at least.

[peterb]

I know that Ward Hannigan is a long time expert in this arena and I’ve checked his web site about it. If you really want to get scared, read what he’s writing lately! This guy is about the straightest shooter I’ve seen in the business and he’s been around about 30 years, at least.

[gandalf]

davelj, how does this apply after the loan has been pooled, sold and securitized, with ownership of the debt instrument transferred from originating bank to whatever corporate vehicle owns the pool behind a given security? Bank servicing the loan is typically no longer the owner, just an agent of the owner, correct? If so, how do the above rules apply? Just curious if you had some insights into how this works.

[gandalf]

davelj, how does this apply after the loan has been pooled, sold and securitized, with ownership of the debt instrument transferred from originating bank to whatever corporate vehicle owns the pool behind a given security? Bank servicing the loan is typically no longer the owner, just an agent of the owner, correct? If so, how do the above rules apply? Just curious if you had some insights into how this works.

[gandalf]

davelj, how does this apply after the loan has been pooled, sold and securitized, with ownership of the debt instrument transferred from originating bank to whatever corporate vehicle owns the pool behind a given security? Bank servicing the loan is typically no longer the owner, just an agent of the owner, correct? If so, how do the above rules apply? Just curious if you had some insights into how this works.

[gandalf]

davelj, how does this apply after the loan has been pooled, sold and securitized, with ownership of the debt instrument transferred from originating bank to whatever corporate vehicle owns the pool behind a given security? Bank servicing the loan is typically no longer the owner, just an agent of the owner, correct? If so, how do the above rules apply? Just curious if you had some insights into how this works.

[Author]

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