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Slow Trickle of REO Assignments: How Tough are These Times?
First off, I hope that everyone is having a great week and month so far. Amidst the tough economic times it's easy to forget the positive aspects of life. For a starving child in Mozambique 1 meal of rice and beans shared by a whole family is a great day. For a village in Sierra Leone to have education for their children is a miracle. Others in China pray that they won't be martyred for expressing their religious faith today.

I guess "tough times" becomes a relatively less painful term when you value what you do have and hold tightly to it. America is still a great place for us to be.

According to contacts and members of NFSTI around the nation, there still is a slow trickle of REO/BPO assignments around the nation regardless of the moratorium or lack thereof, making things still a little rough on business. Growth is a word that most of us are aching to use, but wonder if it will happen any time soon.

It appears that there is a tightly-sealed valve being placed between defaults and REO assignments - my guess is to keep values up. It seems ... more

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