consultant: THE FORECLOSURE REPORT
- 10/24/07 05:30 AM
The Foreclosure Report The times are definitely changing for mortgage lenders and investors as they realize that they have a very real potential for a flood of REO properties to deal with. In order to prevent the foreclosure and pending inventory of REO properties, the industry is starting to grasp and focus more on loss mitigation techniques to creatively avoid the whole foreclosure mess.
The Center for Responsible Lending recently released a study predicting that 2.2 million American households are going to lose their homes. This study predicts that over 20% of all subprime loans originated in the … (1 comments)
The Foreclosure Report The times are definitely changing for mortgage lenders and investors as they realize that they have a very real potential for a flood of REO properties to deal with. In order to prevent the foreclosure and pending inventory of REO properties, the industry is starting to grasp and focus more on loss mitigation techniques to creatively avoid the whole foreclosure mess. ;)
;)
