A Hypothetical Interview With Freddie Mac CEO
October 13, 2010 / /
http://kevinandfred.com/power-hour/freddie-mac/
Kevin and Fred discuss the hypothetical questions that they would ask Freddie Mac CEO Charles Haldeman.
HOW TO CLOSE AT LEAST 3 DEALS IN THE NEXT 90 DAYS
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HOW TO CLOSE AT LEAST 3 DEALS IN YOUR NEXT 90 DAYS
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About the Authors
Kevin Kauffman & Fred Weaver
Kevin and Fred the founders of Group 46:10. Over the last 10 years Kevin and Fred, and their team have closed tens of millions in real estate all over the country and have created some of the best training for agents in the market. Kevin and Fred are also highly sought after teachers whose work has helped agents all over the country build their own next level real estate business.
Likely you’ll never get anywhere near the guy. You have the type questions most pertinent for exposing the mismanagement, and clueless nature of the current practices. Or you’d be taken out back and roughed up when you tried to leave the meeting.
Key word you just said… “outback”
I’m challenged that anyone around that guy at ANYBODY MAE would be man enough to take G4610 ” out back”, and do anything about it. That’s funny!
Also, the ‘exposure’ is known in 2010 as ‘transparency’ and it’s the only way to roll in today’s world, now that it’s flat again.
There you go–beginning of a good Mastermind loss mitigation Q and A–with top lender(s):
Your best numbers on the cost of a short sale versus cost of foreclosure? Is it a range? Then what factors impact the range of difference?
What’s your pull through rate? Do you know 90%+ is very do-able? It could be 95%+ and with less effort, if we could..
Use the buyers appraisal and the listing agent’s appraisal to set value
Have broad delegation to servicers
Have a firm standard on second lien settlements
My numbers on loss mitigation, foreclosure loss percentage versus short sale…. I’m sticking to my favorite effective debt ratios from traditional lending back in the early 2000s… 28-36%…that’s how much I estimate that lenders lose in a declining market on a foreclosure rather than accepting the short sale.
At least in Cali, Nevada, Arizona, Florida and Michigan(well Michigan doesn’t have that much percentage available for depreciation)…but, you guys get my drift.