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Freddie could take more than a decade to unload REO inventory

I’d rather buy a $300,000 distressed asset than a $50,000 distressed asset.” The answer is, of course you would and so would everybody else. But as the margins and all of the distressed inventory..

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Buying a Freddie Mac property, – there’s a FM owned I’ve found should I offer the full amount? what kind of offer should I make? Find answers to this and many other questions on Trulia Voices, a community for you to find and share local information. Get answers, and share your insights and experience.

Most of these have yet to go on the auction block, and nearly a fourth are owned by the lenders who provided or purchased the homes’ mortgages. More foreclosures are coming-according to the Mortgage Bankers Association, the number of mortgages in foreclosure or more than 90 days delinquent is at a record high of about 4.2 million.

Particularly alarming, analysts said, was the fact that the inventory of unsold homes jumped to a 10.3 months’ supply, meaning it would take that long. that if they want to unload their homes, they.

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Freddie could take more than a decade to unload REO inventory Father of securitization doubts easy return to private mortgage bonds Impac Mortgage Holdings to sell AmeriHome Mortgage Corp.

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Freddie Mac sold fewer homes in the third quarter then they have earlier in the year. Freddie Mac being one half of the Lending Powerhouse Team, sold more than 25,300 repossessed homes in the third quarter, down 13.5% from the nearly 30,000 in the previous three months.

Our large-scale purchases of Fannie Mae and Freddie. this decade. House prices soared from 2002 through 2005, moving dramatically out of line with fundamentals. By one measure, house prices on.

Inflation hawks would say deflation hasn’t happened because the Fed created more than $2.9 trillion during two rounds. of economic control have spent half a decade now doing anything they can to.

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Shadow inventory is the banks and governments foreclosure inventory that has yet to be released on the market. I have heard some astronomical figures of how much shadow inventory is really out there, but in John Prior’s article titled " Freddie could take more than a decade to unload reo (forecloure) inventory ", the realtity sinks in.