Relevant:
- Shadow Inventory Drops below 2 Million Homes
- REO Could Become A Serious Problem For HUD/GSEs: FHFA Rep.
- Strategic Defaults and the Foreclosure Crisis
- Lords of the shadow inventory -- over 3 million homes locked away in shadow inventory near peak levels. Prices must fall to prevent massive drawn out drag to economy.
- Home Repossessions Rising As Banks Convert Shadow Inventory to Real Inventory
2013-03-27 — mortgagenewsdaily.com
``The January number is 18 percent lower it was in January 2012 and represents a supply of nine months at the rate the inventory is being resolved. Transition rates of "delinquency to foreclosure" and "foreclosure to REO" are used to identify the currently distressed unlisted properties most likely to become REO. The number includes 85 percent of the 2.6 million properties currently seriously delinquent, in foreclosure or REO. Properties which are not currently delinquent but likely to become so are not included in the figures.''
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