shadow inventory panic: REO- "Shadow Inventory"
- 04/16/10 05:07 AM
Analysist using statistics (which tie into the performance of home loans for investors in mortgage backed securities)in tracking distressed homes,home loans, say they are "alarmed" by what appears to be a shadow inventory of these homes looming behind the scenes,and waiting to be released upon the market. They are saying this inventory will drive down the market. I have heard this for almost 8-9 months..just who has these homes/loans and just where are they? Our market has the same percentage of REO's that We dealt with last year...any ideas? … (2 comments)
Analysist using statistics (which tie into the performance of home loans for investors in mortgage backed securities)in tracking distressed homes,home loans, say they are "alarmed" by what appears to be a shadow inventory of these homes looming behind the scenes,and waiting to be released upon the market. They are saying this inventory will drive down the market. I have heard this for almost 8-9 months..just who has these homes/loans and just where are they? Our market has the same percentage of REO's that We dealt with last year...any ideas?
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