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BGinRB
Participant[quote=svelte][quote=johnson]Every company should buy a policy of fire insurance because it make sure that you are working safely. [/quote]
??
ESL??[/quote]
More likely an automated dictionary-based product. If you spam search engines with one paragraph again and again you will get sandboxed quickly. And if you use real people to write the creatives it can get costly.
The goal is not to generate business off of this board, but to increase position on the organic (non-paid) side for certain keywords.Participant[quote=svelte][quote=johnson]Every company should buy a policy of fire insurance because it make sure that you are working safely. [/quote]
??
ESL??[/quote]
More likely an automated dictionary-based product. If you spam search engines with one paragraph again and again you will get sandboxed quickly. And if you use real people to write the creatives it can get costly.
The goal is not to generate business off of this board, but to increase position on the organic (non-paid) side for certain keywords.Participant[quote=svelte][quote=johnson]Every company should buy a policy of fire insurance because it make sure that you are working safely. [/quote]
??
ESL??[/quote]
More likely an automated dictionary-based product. If you spam search engines with one paragraph again and again you will get sandboxed quickly. And if you use real people to write the creatives it can get costly.
The goal is not to generate business off of this board, but to increase position on the organic (non-paid) side for certain keywords.Participant[quote=svelte][quote=johnson]Every company should buy a policy of fire insurance because it make sure that you are working safely. [/quote]
??
ESL??[/quote]
More likely an automated dictionary-based product. If you spam search engines with one paragraph again and again you will get sandboxed quickly. And if you use real people to write the creatives it can get costly.
The goal is not to generate business off of this board, but to increase position on the organic (non-paid) side for certain keywords.September 2, 2009 at 12:43 PM in reply to: Banks to Flood the Markets with Foreclosures – CNBC Reports #451919Participant[quote=UCGal][quote=SD Realtor]Lets try to make sure we have the basic understanding of servicing the loan verses owning it okay?
Most loans are OWNED by investors. Most entities such as banks service them. Yes some banks do own portfolios as well. However understanding the basics is a good start. So to imply the big banks are holding bank cazillions of homes is an incorrect statement.[/quote]
Semi-Hijack:
We know that there are large numbers of homes in some stage of delinquency. Many have received NODs but not NOTs. From what people have posted here – there are apparently folks who have not even received NOD, despite failure to pay the mortgage.
We know that a large number of loans are owned by Fannie and Freddie. I read that this makes up 60% of mortgages. That leaves 40% – of which many are bundled into MBSs… So investors own shares of a tranche of mortgages.
Who decides when a delinquent property goes to trustee sale? It is likely to be the servicers, not the investors. Heck, the investors are so far removed from the individual mortgages, how would they even know? They only know if their MBS bond is performing or not.
Or am I just confused about this? Maybe the investors really do have knowlege and are in the loop of deciding when to foreclose vs when to let the mortgagee stay rent free.[/quote]
The servicers make the decision, yes.
Also, the servicers advance payments to investors and collect those advanced payments and late/misc fees when the property sells.Dave says the servicers are understaffed, incapable of closing any faster and suffering losses along the way. Some other people say that is not the case.
September 2, 2009 at 12:43 PM in reply to: Banks to Flood the Markets with Foreclosures – CNBC Reports #452113Participant[quote=UCGal][quote=SD Realtor]Lets try to make sure we have the basic understanding of servicing the loan verses owning it okay?
Most loans are OWNED by investors. Most entities such as banks service them. Yes some banks do own portfolios as well. However understanding the basics is a good start. So to imply the big banks are holding bank cazillions of homes is an incorrect statement.[/quote]
Semi-Hijack:
We know that there are large numbers of homes in some stage of delinquency. Many have received NODs but not NOTs. From what people have posted here – there are apparently folks who have not even received NOD, despite failure to pay the mortgage.
We know that a large number of loans are owned by Fannie and Freddie. I read that this makes up 60% of mortgages. That leaves 40% – of which many are bundled into MBSs… So investors own shares of a tranche of mortgages.
Who decides when a delinquent property goes to trustee sale? It is likely to be the servicers, not the investors. Heck, the investors are so far removed from the individual mortgages, how would they even know? They only know if their MBS bond is performing or not.
Or am I just confused about this? Maybe the investors really do have knowlege and are in the loop of deciding when to foreclose vs when to let the mortgagee stay rent free.[/quote]
The servicers make the decision, yes.
Also, the servicers advance payments to investors and collect those advanced payments and late/misc fees when the property sells.Dave says the servicers are understaffed, incapable of closing any faster and suffering losses along the way. Some other people say that is not the case.
September 2, 2009 at 12:43 PM in reply to: Banks to Flood the Markets with Foreclosures – CNBC Reports #452453Participant[quote=UCGal][quote=SD Realtor]Lets try to make sure we have the basic understanding of servicing the loan verses owning it okay?
Most loans are OWNED by investors. Most entities such as banks service them. Yes some banks do own portfolios as well. However understanding the basics is a good start. So to imply the big banks are holding bank cazillions of homes is an incorrect statement.[/quote]
Semi-Hijack:
We know that there are large numbers of homes in some stage of delinquency. Many have received NODs but not NOTs. From what people have posted here – there are apparently folks who have not even received NOD, despite failure to pay the mortgage.
We know that a large number of loans are owned by Fannie and Freddie. I read that this makes up 60% of mortgages. That leaves 40% – of which many are bundled into MBSs… So investors own shares of a tranche of mortgages.
Who decides when a delinquent property goes to trustee sale? It is likely to be the servicers, not the investors. Heck, the investors are so far removed from the individual mortgages, how would they even know? They only know if their MBS bond is performing or not.
Or am I just confused about this? Maybe the investors really do have knowlege and are in the loop of deciding when to foreclose vs when to let the mortgagee stay rent free.[/quote]
The servicers make the decision, yes.
Also, the servicers advance payments to investors and collect those advanced payments and late/misc fees when the property sells.Dave says the servicers are understaffed, incapable of closing any faster and suffering losses along the way. Some other people say that is not the case.
September 2, 2009 at 12:43 PM in reply to: Banks to Flood the Markets with Foreclosures – CNBC Reports #452526Participant[quote=UCGal][quote=SD Realtor]Lets try to make sure we have the basic understanding of servicing the loan verses owning it okay?
Most loans are OWNED by investors. Most entities such as banks service them. Yes some banks do own portfolios as well. However understanding the basics is a good start. So to imply the big banks are holding bank cazillions of homes is an incorrect statement.[/quote]
Semi-Hijack:
We know that there are large numbers of homes in some stage of delinquency. Many have received NODs but not NOTs. From what people have posted here – there are apparently folks who have not even received NOD, despite failure to pay the mortgage.
We know that a large number of loans are owned by Fannie and Freddie. I read that this makes up 60% of mortgages. That leaves 40% – of which many are bundled into MBSs… So investors own shares of a tranche of mortgages.
Who decides when a delinquent property goes to trustee sale? It is likely to be the servicers, not the investors. Heck, the investors are so far removed from the individual mortgages, how would they even know? They only know if their MBS bond is performing or not.
Or am I just confused about this? Maybe the investors really do have knowlege and are in the loop of deciding when to foreclose vs when to let the mortgagee stay rent free.[/quote]
The servicers make the decision, yes.
Also, the servicers advance payments to investors and collect those advanced payments and late/misc fees when the property sells.Dave says the servicers are understaffed, incapable of closing any faster and suffering losses along the way. Some other people say that is not the case.
September 2, 2009 at 12:43 PM in reply to: Banks to Flood the Markets with Foreclosures – CNBC Reports #452715Participant[quote=UCGal][quote=SD Realtor]Lets try to make sure we have the basic understanding of servicing the loan verses owning it okay?
Most loans are OWNED by investors. Most entities such as banks service them. Yes some banks do own portfolios as well. However understanding the basics is a good start. So to imply the big banks are holding bank cazillions of homes is an incorrect statement.[/quote]
Semi-Hijack:
We know that there are large numbers of homes in some stage of delinquency. Many have received NODs but not NOTs. From what people have posted here – there are apparently folks who have not even received NOD, despite failure to pay the mortgage.
We know that a large number of loans are owned by Fannie and Freddie. I read that this makes up 60% of mortgages. That leaves 40% – of which many are bundled into MBSs… So investors own shares of a tranche of mortgages.
Who decides when a delinquent property goes to trustee sale? It is likely to be the servicers, not the investors. Heck, the investors are so far removed from the individual mortgages, how would they even know? They only know if their MBS bond is performing or not.
Or am I just confused about this? Maybe the investors really do have knowlege and are in the loop of deciding when to foreclose vs when to let the mortgagee stay rent free.[/quote]
The servicers make the decision, yes.
Also, the servicers advance payments to investors and collect those advanced payments and late/misc fees when the property sells.Dave says the servicers are understaffed, incapable of closing any faster and suffering losses along the way. Some other people say that is not the case.
Participant[quote=davelj][quote=werewolf34]
Who wins if the REOs process quickly?[/quote]The servicers. It gets one more headache off the work schedule. And maybe saves them a little money.
[quote=werewolf34]Who loses if the REOs process quickly?[/quote]
Maybe We the People… as we’re underwriting the Fannie/Freddie losses. It does NOT help the MBS investors very much because the prices of these MBS already trade deep down in the murky toilet waters.
It’s clear that the government is pulling out all the stops to halt the decline in housing prices, but I don’t think there’s a lot of intentional private sector activity that’s keeping properties off the market. Perhaps a little… but not much.
Where the banks are dragging their feet – and where some games will be played over the next couple of years – will be in COMMERCIAL real estate. The problems in residential real estate are a bit of a red herring at this point where banks are concerned.[/quote]
The servicers advance the monthly payments to the investors. They recoup those payments *and* the late fees when the place gets sold. In that scenario it makes sense for the servicer to keep the current owner in the house for a while, let the fees grow and foreclose when the market value of the property comes close to what the servicer will get after trustee sale.
Participant[quote=davelj][quote=werewolf34]
Who wins if the REOs process quickly?[/quote]The servicers. It gets one more headache off the work schedule. And maybe saves them a little money.
[quote=werewolf34]Who loses if the REOs process quickly?[/quote]
Maybe We the People… as we’re underwriting the Fannie/Freddie losses. It does NOT help the MBS investors very much because the prices of these MBS already trade deep down in the murky toilet waters.
It’s clear that the government is pulling out all the stops to halt the decline in housing prices, but I don’t think there’s a lot of intentional private sector activity that’s keeping properties off the market. Perhaps a little… but not much.
Where the banks are dragging their feet – and where some games will be played over the next couple of years – will be in COMMERCIAL real estate. The problems in residential real estate are a bit of a red herring at this point where banks are concerned.[/quote]
The servicers advance the monthly payments to the investors. They recoup those payments *and* the late fees when the place gets sold. In that scenario it makes sense for the servicer to keep the current owner in the house for a while, let the fees grow and foreclose when the market value of the property comes close to what the servicer will get after trustee sale.
Participant[quote=davelj][quote=werewolf34]
Who wins if the REOs process quickly?[/quote]The servicers. It gets one more headache off the work schedule. And maybe saves them a little money.
[quote=werewolf34]Who loses if the REOs process quickly?[/quote]
Maybe We the People… as we’re underwriting the Fannie/Freddie losses. It does NOT help the MBS investors very much because the prices of these MBS already trade deep down in the murky toilet waters.
It’s clear that the government is pulling out all the stops to halt the decline in housing prices, but I don’t think there’s a lot of intentional private sector activity that’s keeping properties off the market. Perhaps a little… but not much.
Where the banks are dragging their feet – and where some games will be played over the next couple of years – will be in COMMERCIAL real estate. The problems in residential real estate are a bit of a red herring at this point where banks are concerned.[/quote]
The servicers advance the monthly payments to the investors. They recoup those payments *and* the late fees when the place gets sold. In that scenario it makes sense for the servicer to keep the current owner in the house for a while, let the fees grow and foreclose when the market value of the property comes close to what the servicer will get after trustee sale.
Participant[quote=davelj][quote=werewolf34]
Who wins if the REOs process quickly?[/quote]The servicers. It gets one more headache off the work schedule. And maybe saves them a little money.
[quote=werewolf34]Who loses if the REOs process quickly?[/quote]
Maybe We the People… as we’re underwriting the Fannie/Freddie losses. It does NOT help the MBS investors very much because the prices of these MBS already trade deep down in the murky toilet waters.
It’s clear that the government is pulling out all the stops to halt the decline in housing prices, but I don’t think there’s a lot of intentional private sector activity that’s keeping properties off the market. Perhaps a little… but not much.
Where the banks are dragging their feet – and where some games will be played over the next couple of years – will be in COMMERCIAL real estate. The problems in residential real estate are a bit of a red herring at this point where banks are concerned.[/quote]
The servicers advance the monthly payments to the investors. They recoup those payments *and* the late fees when the place gets sold. In that scenario it makes sense for the servicer to keep the current owner in the house for a while, let the fees grow and foreclose when the market value of the property comes close to what the servicer will get after trustee sale.
Participant[quote=davelj][quote=werewolf34]
Who wins if the REOs process quickly?[/quote]The servicers. It gets one more headache off the work schedule. And maybe saves them a little money.
[quote=werewolf34]Who loses if the REOs process quickly?[/quote]
Maybe We the People… as we’re underwriting the Fannie/Freddie losses. It does NOT help the MBS investors very much because the prices of these MBS already trade deep down in the murky toilet waters.
It’s clear that the government is pulling out all the stops to halt the decline in housing prices, but I don’t think there’s a lot of intentional private sector activity that’s keeping properties off the market. Perhaps a little… but not much.
Where the banks are dragging their feet – and where some games will be played over the next couple of years – will be in COMMERCIAL real estate. The problems in residential real estate are a bit of a red herring at this point where banks are concerned.[/quote]
The servicers advance the monthly payments to the investors. They recoup those payments *and* the late fees when the place gets sold. In that scenario it makes sense for the servicer to keep the current owner in the house for a while, let the fees grow and foreclose when the market value of the property comes close to what the servicer will get after trustee sale.
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