Banks Nearly Have REO Monday Off Their Backs a Decade After Crisis
Naitonal Mortgage News, July 14, 2019–Jon Prior (subscription)
Banks have reduced their holdings of foreclosed one- to four-unit family residences to roughly $2.6 billion of homes, down from more than $14 billion during the fallout of the housing market’s collapse in 2010, according to Federal Deposit Insurance Corp. data.
