[tony soprano]

If anyone's looking for hints on what foreclosure inventory might do going forward, here's a good place to start - Asset Quality | All Banks

This is the basis for many of the "shadow inventory" projections you read about. To be clear, not all nonperforming loans on lender's books will ultimately result in a bank owned property. Some percentage of the loans will be modified, saved at the bell, etc. However, the recent cure rate of nonperforming loans has been dismal. Lenders are required to report their nonperforming loan data to the FDIC on a quarterly basis as it affects their solvency.

This data provides a snapshot of inventory that will with high probability end up as lender owned. This is the kind of information that you need to look at to make a projection of what's to come, instead of the backward looking data of what the bank already owns. Anyone that's been following along for the last few pages should have a pretty good idea of the accuracy of rearview mirror forecasting.

[KiwiKate]

You know Tony, people might listen to your opinion a little more if you just stopped flaming Olecap. I agree it's important to seek opinions from more than one person. I'd value your comments if you'd stop behaving like an 8-year old who has to win at all costs.

[tony soprano]

Originally Posted by KiwiKate

You know Tony, people might listen to your opinion a little more if you just stopped flaming Olecap. I agree it's important to seek opinions from more than one person. I'd value your comments if you'd stop behaving like an 8-year old who has to win at all costs.

Duly noted, Kate, but I honestly don't care much about what people think of my opinions. I have no financial interest, or otherwise for that matter, whether people buy in Vegas or not. I do on the other hand have an interest in correcting the record when someone misrepresents a horrible track record as something other than that. People can do what they will with that info.

[KiwiKate]

My point Tony is that I automatically discount what you have to say -- and therefore miss the "record correction" -- because of the way you go about it.

[tony soprano]

Originally Posted by KiwiKate

My point Tony is that I automatically discount what you have to say -- and therefore miss the "record correction" -- because of the way you go about it.

Sorry Kate. Admittedly, I'm a little rough around the edges. You may want to acquaint yourself with the ignore function.

[olecapt]

Originally Posted by tony soprano

If anyone's looking for hints on what foreclosure inventory might do going forward, here's a good place to start - Asset Quality | All Banks

This is the basis for many of the "shadow inventory" projections you read about. To be clear, not all nonperforming loans on lender's books will ultimately result in a bank owned property. Some percentage of the loans will be modified, saved at the bell, etc. However, the recent cure rate of nonperforming loans has been dismal. Lenders are required to report their nonperforming loan data to the FDIC on a quarterly basis as it affects their solvency.

This data provides a snapshot of inventory that will with high probability end up as lender owned. This is the kind of information that you need to look at to make a projection of what's to come, instead of the backward looking data of what the bank already owns. Anyone that's been following along for the last few pages should have a pretty good idea of the accuracy of rearview mirror forecasting.

Typical Tony. National data with no stated applicability to Las Vegas.

But Tony throws it out to obfuscate.

That is his specialty.

The GLVAR data on July is quite clear. 2950 SFR sold of which 1196 were REOs.

Do the division if you have the capability

Forget about it Kiwi...he runs on hate not facts.

[tony soprano]

Originally Posted by olecapt

Typical Tony. National data with no stated applicability to Las Vegas.

But Tony throws it out to obfuscate.

That is his specialty.

The GLVAR data on July is quite clear. 2950 SFR sold of which 1196 were REOs.

Do the division if you have the capability

Forget about it Kiwi...he runs on hate not facts.

First, the national trend for nonperforming loans is increasing, yet somehow the city that perennially leads the nation in foreclosures and unemployment is somehow bucking the national trend? This is exactly what I mean about your complete inability to extrapolate data to forecast with any semblance of accuracy. Second, and more importantly, the nonperforming loan data is reported to the FDIC on a bank by bank basis so the data can be parsed by bank, MSA/geography, etc. In fact, the site I linked to will give you some of that capability if you're willing to pony up for a subscription. The point is the data is available to analysts and serves as a basis for determining the oft discussed shadow inventory. It's forward looking data instead of the backward looking data that you use to formulate one bad call after another.

BTW Cappy, I have nothing but love for you.

[ocean2026]

I don't want to be slammed for going off topic---- but what about the current state of the real estate market in Las Vegas (lol)? Actually what's the latest with the High Rises and Condo Hotels?

[costaricageorge]

Maybe we should bring in Dana White from UFC and see if we could get a match set up. One night to end this bickering. Grudge match held in an abandoned foreclosure. One hour of verbal bantor between the Capt. and Tony followed by a sudden death match in the Octagon. Procedes going to needy who lost their homes in the Vegas area..

[SHEPNYC]

"Prices rose in 17 of the 20 metropolitan areas tracked by Case-Shiller in June compared with May. Las Vegas was the one region that suffered a price decline. Seattle and Phoenix reported no change in prices. "

U.S. home prices rose 1.0% in June Economic Report - MarketWatch