First Preston has immediate needs for listing services in Florida, Georgia, Illinois, Kentucky, Michigan, Missouri and Pennsylvania as well as Jasper County, TX. Licensed brokers interested in being considered by First Preston to provide listing services should click here for registration information.So if you are an REO agent in these cities then why are you still reading this blog?? Get going and sign up. I do not know anything about other cities but.... I signed up and they put me on a wait list. So i sit....waiting....patiently....
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I have a long list of REO AM's I am signed up with and I want to trade my info for your REO AM's. If you have 1 or 100 so do I and am willing to share. Let's trade!!~Stac
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Not to long ago, I got a RCDPro (REO Certified Default Professional) Designation from a place that advertises clients such as Wells Fargo and Fannie Mae. I can't say the certification has done much in the way of providing me new business however, it has furthered my ever expanding horizons of the REO industry. I personally feel the designation is worth it due to nothing more than proof of my commitment to my specialty and continuing desire to stay ahead by furthering my education.
So here is the question........
As a REO Professional Agent, do you have any designations and if so, have they been worth the time, effort and money? If yes, elaborate as to why, please.
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Fitch Solutions reported this week that its pricing index for subprime residential mortgage-backed securities (RMBS) originated in 2004 fell by 16.7 percent in November compared to just one month earlier.Other vintages included in Fitch’s study, from 2005, 2006, and 2007, showed small gains on a month-to-month basis. The gains helped to temper Fitch’s total market subprime RMBS price index so that it recorded only a “marginal” decline, according to the firm.While prices among recent vintage U.S. subprime RMBS continue to stabilize, 2004 is seeing a substantial drop-off in performance with no signs of improvement, Fitch said in its study.At first glance these statistics may seem to paint the more recent vintages in a better light … showing “gains”, “stabilizing”, and other affirmative-sounding depictions. But Fitch says the reason its 2004 subprime price index is deteriorating is because the 2004 loans are higher quality.Recent loan level analysis conducted by Fitch Solutions of the indices’ constituents revealed a significant uptick in the constant prepayment rate (CPR) of the 2004 vintage, meaning the credit-quality of a large number of these loans is
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