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| Lane Guide Lender, Creditor and Banking Industry Report |
| More foreclosures of lots, land and construction projects may show that developers are walking away from development projects. In the second-half of 2009, the lenders’ inventories of foreclosed lots and construction properties exceeded the levels of residential 1-4 units in dollar amount. While the expected rise in commercial property REO’s is rising steadily, it remains in 3rd place amongst held inventory nationally. The trend line for commercial is grow faster than residential so many are preparing to target commercial lenders for listings and referrals in 2010. Lane Guide is adding more commercial loan centers and REO/Asset Manager contacts in our database in expectation of this trend. As of today, we now have 384 commercial REO contacts nationwide. Lane Guide adds 420 new REO/Asset Manager contacts in the past two months. CURRENT REO CONTACT COUNTS* *as of 1/25/10 Are you using Lane Guide for fresh contacts in the industry? We are adding more regional and smaller lenders to our database weekly. According to Melanie Mabrey, Lane Guide Editor, “we are adding a contact point for every lender which has $5 million or more in REO inventory. We expect to have well over 1,000 contacts in the next 3o days.” By far, Lane Guide now has the most complete reference to the REO industry contacts – for all lenders large and small. If you haven’t logged on to Lane Guide lately, you really need to. Both the Online and CD-ROM versions have new data with many more contacts, especially in those leading foreclosure states like California, Arizona, Nevada, Colorado, Georgia, Florida and Michigan. If you haven’t logged on to Lane Guide in the past 30 days, you are missing hundreds of new asset management contacts. LANE GUIDE LENDER DIRECTORY Finally! The Key you have been missing... The leading lender and banking directory since 1957, the Lane Guide has been widely used by the industry to locate information concerning payoffs, demands, verifications, returned check disposition, loss mitigation, Bank REO (Real Estate Owned) lender asset management contacts, locate foreclosure trustees, complete bank/lender merger history, acquisition references, missing assignments, mortgage discharges and other types of financial information. The Lane Guide lists over 140,000 open and closed lenders, creditors, banks and asset managers nationwide. Please take a moment to browse our site and see why Lane Guide is your best lending industry reference source! What Lane Guide Subscribers Receive:
Company Profile The Lane Guide offers a complete reference on all banks, savings banks, finance companies, mortgage lenders, loan servicers, credit unions and other major creditors. With the Guide, you get instant access to loan service centers, main offices, loan departments, specialized departments and branch offices. Our listings include complete mailing address, phone and fax numbers, toll-free information lines, credit rating policies, bureaus reported to, rating hours and more. We maintain cross-references on all closed institutions so you can locate the current location of loan records. All this information is available in regional print editions or nationwide on CD-ROM and Internet. Each printed edition includes lenders nationwide which lend or service in that region. Only Lane Guide uses LenderTrace™, the largest and most extensive closed lender database in the industry, built upon our nearly 50 years of service and thousands of hours of industry research. We also maintain the United States Master File of Closed Lenders, which indexes over 36,000 lender names nationwide. Visit Lane Guide at http://crepig.laneguide.com Special Offer: Get 15% of with Coupon Code CREPIG ©2010 Lane Guide Lenders On Line, Inc. Lane Guide 5450 Riggins Ct #2A Reno, NV 89502 1-800-LANE GUIDE (526-3484) Shown Courtesy of Lane Guide. Brought to you by Commercial Real Estate Professional Investor Group (CREPIG) and Distressed Assets Association (CREDAA) |
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| This information is not warranted by this website for accuracy and we take no responsibility for any adverse repercussions from this informations use. All Rights Reserved 2009 Emerald Bay Investments, LLC Brought to you by Commercial Real Estate Professional Investor Group (CREPIG) and Distressed Assets Association (CREDAA) |
| Click One of the Three Buttons Above, Labeled Industry Breakdown for Pie Chart, Industry Trends for Bar Graph and Industry Track for Line Graph. |
REO’s STILL LEAD IN ALL ASPECTS OF THE MARKETPLACE…
There is no doubt that every aspect of the real estate industry is somehow surviving on REO’s and foreclosures. From title
companies expanding into foreclosure servicing, to real estate brokers specializing in REO’s, what was once a niche-only market is
now the mainstay. REO’s now lead the marketing efforts of most industry professionals.
Lane Guide has created an index based upon OREO inventories from lenders nationwide and created a national index called “Lane
REO Index”. For reference, just about the time of the AIG bailout and TARP (3rd Quarter of 2008) the index was at 100. Today,
the index stands a 164.5.
Lane REO Index stands at 164.5 (Up over 50 points in 2009)
The Index shows quarterly reporting and breaks-down the sectors by property zoning types. There is also a pie-chart which shows
the percentages of property types held in REO asset inventory for the current reporting quarter.
In 2009, Undeveloped Land and Construction Projects Overtake Residential Property
Inventories…
There is no doubt that every aspect of the real estate industry is somehow surviving on REO’s and foreclosures. From title
companies expanding into foreclosure servicing, to real estate brokers specializing in REO’s, what was once a niche-only market is
now the mainstay. REO’s now lead the marketing efforts of most industry professionals.
Lane Guide has created an index based upon OREO inventories from lenders nationwide and created a national index called “Lane
REO Index”. For reference, just about the time of the AIG bailout and TARP (3rd Quarter of 2008) the index was at 100. Today,
the index stands a 164.5.
Lane REO Index stands at 164.5 (Up over 50 points in 2009)
The Index shows quarterly reporting and breaks-down the sectors by property zoning types. There is also a pie-chart which shows
the percentages of property types held in REO asset inventory for the current reporting quarter.
In 2009, Undeveloped Land and Construction Projects Overtake Residential Property
Inventories…
