The REO level at the end of the third quarter is down 1.5% from $51.3 billion the previous quarter and 5% lower than $53.1 [...]
Wednesday, November 23, 2011
Banks chip away at REO inventory: The inventory of foreclosures held by private banks dropped for the fourth straight quarter to $50.4 billion worth of properties at Sept. 30, according to the Federal Deposit Insurance Corp.
The REO level at the end of the third quarter is down 1.5% from $51.3 billion the previous quarter and 5% lower than $53.1 [...]
The REO level at the end of the third quarter is down 1.5% from $51.3 billion the previous quarter and 5% lower than $53.1 [...]
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