Shelley Mastro & Mark Mastro

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  • Barclays Lowers REO Inventory Estimate

    Barclays Lowers REO Inventory EstimateBy: Carrie Bay 05/07/2010 A recent study by Barclays Capital says that U.S. lenders are holding fewer foreclosed homes than previously assessed by the research firm. Some are viewing the revised estimate as a testament to the stability that istaking hold in the housing market, but Barclays warns that the ...
    Posted to Shelley Mastro & Mark Mastro (Weblog) by 687580 on May 10, 2010
  • Home buyers using FHA~ update.

    FHA has a federally mandated reserve requirement of 2%.  The audit today (11/12/09) came out at having only 0.53% in reserves.  It was expected to be less than 2% but not this low.  This means we should be strapped in for a bit of turbulence with FHA.  Unlike conventional loans which normally have “regional” ...
    Posted to Shelley Mastro & Mark Mastro (Weblog) by 687580 on November 13, 2009