Freddie could take more than a decade to unload REO inventory If so, and if house inventory data reported by the NAR are correct, it will take much longer to unload. can’t have missed two consecutive payments on any consumer debt within two years..
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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When Secretary of Housing and Urban Development Ben Carson confused REO (or “real estate owned. some economists believe.
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Freddie could take more than a decade to unload REO inventory Freddie Mac vendors sold fewer REO properties in the third quarter than they did earlier in.
For more than a year now, housing experts and economists have been saying that a lack of inventory is the main. chief economist at Freddie Mac, in the report. “We estimate that over the next decade.
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· Existing-home sales had a banner 2016, amounting to 5.45 million-an increase from 5.25 million in 2015 and a decade-high from 6.48 million in 2006, according to the National Association of REALTORS® (NAR). Overall, 2016 was a “good year for the.
These shocking statistics illustrate just how large the current overhang of bank-owned properties actually is (at current sales levels, REO properties would take three years to unload. Fannie was.
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Ability to Repay – Real Estate Institute’s Blog – EFFECTIVE WITH APPLICATIONS TAKEN ON OR AFTER JANUARY 10, 2014, both Fannie and Freddie will rely on selling lender Representations and Warranties that all loans purchased are, in fact, qualified mortgages or are otherwise exempt from the ability-to-repay rule (i.e. the loan is secured by an.
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