HPI is an awful predictor of REO Sales Price
Using actual REO sales prices, we conducted a study to determine just how bad a HPI-adjusted original appraisal is at predicting the true REO sales price. We also investigated whether any adjustments can be made to improve the reliability of the estimate.
Also, we have attached some investor notices that have appeared on Wells Fargo CTS Link this month. Some may be old, but they just showed up on the site.
Investor Notice #1:
Investor Notice #2: Acceptance of the Settlement Agreement
Investor Notice #3: Repurchase of Countrywide Loans by Non-Countrywide Trusts
Investor Notice #4: Potential Breaches of Rep and Warranties
Investor Notice #5: Potential Breaches of Rep and Warranties
Investor Notice #6: Potential Breaches of Rep and Warranties
Contact us at 203-276-0672 to become a client and access all reports and attachments.