Freddie could take more than a decade to unload REO inventory

Headlines scream almost daily about soaring foreclosures, that more than 1 million homes were lost to foreclosure. and investors to press capital-hungry banks to unload their phantom REO inventory..

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If its current trend is sustained and a net 1,000 REO properties are unloaded quarterly, it would take Freddie Mac an estimated 60 quarters or 15 years to bring down its total inventory to zero in the wake of a severely constricted foreclosure pipeline attributed to loan modifications and recent regulations.

ORLANDO, Fla. – Banks unloading real-estate-owned properties face some tough choices, such as whether to auction off homes or sell them to investors, and whether to fix them up first. But whatever they decide, the real challenge is to avoid dragging down property values from their already-depressed 25% to 30% discounts.

The commercial real estate binge of the past decade and the growth of online shopping as an alternative to brick-and-mortar stores have left more than. but it could be a starting point in the.

An REO lender that violates this RESPA requirement can be, among other things, held liable to the buyer in the amount equal to three times all charges made for such title insurance. Moreover, anyone who believes that RESPA has been violated may file a complaint (and may request confidentiality) to the U.S. Department of Housing and Urban Development (HUD).

As Jeremy Potter points out, “The predictions usually take one of two. Recession within a decade. The bond market, and therefore interest rates, paid more attention to Friday’s solid February.

Freddie could take more than a decade to unload REO inventory Father of securitization doubts easy return to private mortgage bonds Impac Mortgage Holdings to sell AmeriHome Mortgage Corp.

I take a more. with REO sales and potential shadow inventory. While some may think, this misallocation of capital is necessary and can work to arrest the decline in house prices (hence the happy.

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If the current trend holds, and the GSE reduces a net 1,000 REO from its inventory every quarter, it would take 60 quarters to unload its entire inventory – roughly 15 years.

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