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industry: Where is REO Industry Heading in 2012 and Beyond?
- 04/05/12 01:47 PM
Since the housing crisis began in 2007, mortgage rates have currently dropped to all-time lows and home prices continue to bottom out in most markets. The big question still lingers on the mind of everyone in the industry: Are we on the road to a recovery or are there still gloomy days ahead?
There are currently more than 1.7 million properties 90 or more days delinquent and about two million homes in the foreclosure pre-sale inventory, according to Lender Processing Services. Additionally, nearly four million properties are expected to become REO assets at some point in the near future as they … (3 comments)
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Since the housing crisis began in 2007, mortgage rates have currently dropped to all-time lows and home prices continue to bottom out in most markets. The big question still lingers on the mind of everyone in the industry: Are we on the road to a recovery or are there still gloomy days ahead?
;)
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