Foreclosure shadow inventory will take more than 40 months to clear: Fitch

Foreclosure shadow inventory will take more than 40 months to clear: Fitch

Vacant homes in Michigan grew 47% in 10 years Home Prices Off More than 20 Percent Nationally: Report Survey Finds Short Sales Outnumber REO in January Purchases SunTrust earnings rise in first quarter "This was a comprehensive earnings beat by anyone’s standards.". This article appeared in the south china morning post print edition as: UBS shares rally on sharp rise in first-quarter profit.

Fitch Ratings puts the industry’s shadow inventory – meaning loans that are seriously delinquent, in foreclosure, or REO – at 7 million homes. The agency says based on recent liquidation trends, it will take more than 40 months to clear this distressed inventory.

Foreclosure Inventory Projected To Grow To A 3-Year Supply The 40-month backlog, representing 7 million distressed properties, threatens future US housing prices – while investigations and legal delays only postpone real recovery.

Home Sales: Shadow Inventory to Linger. With around 7 million homes lurking in the wings on the verge of foreclosure, the inventory of homes waiting to be sold could take more than 40 months to.

In the five months since. Furthermore, if we take the Total Housing Inventory numbers published by the Census Bureau at face value-and Tom Lawler, a very careful housing analyst concludes that it.

Foreclosure shadow inventory will take more than 40 months to clear: Fitch Timothy Martin Contents 11 million borrowers 2016 fiscal year deals provide investors Short-sale timelines persons Foreclosure shadow inventory will take more than. nar estimates shadow Inventory by State. At that rate the current shadow inventory would clear in 7 months.

RealtyTrac: May foreclosures inch up 2% Mortgage rates plummet to new lows Mortgage Rates Drop To New Record Low Of 4.57 Percent jul 08 2010 11:02 am Mortgage rates fell for the second straight week to the lowest point in five decades, but it may not be enough to jump-start the housing market.

It may take more than four years to clear the "shadow inventory" of distressed homes lurking on the sidelines in the U.S., a factor that’s likely to undermine real estate prices as the backlog.

2018 HW Vanguard: Bob Jennings Ellie Mae is the leading cloud-based platform provider for the mortgage finance industry. Our technology solutions enable lenders to originate more loans, reduce origination costs, and shorten the time to close, all while ensuring the highest levels of compliance, quality and efficiency.

Comments are closed.