- This topic has 20 replies, 4 voices, and was last updated 14 years, 5 months ago by LesBaer45.
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December 17, 2009 at 4:42 PM #495989December 17, 2009 at 7:08 PM #495151LesBaer45Participant
Hmm, 2.5million according to this. Not 1.7million.
But what’s 800K among friends?The Mortgage Bankers Association is reporting some 7 million home loans in default, creating what some analysts have called a “shadow inventory” of foreclosures being held by banks.
“We’re looking at numbers that are somewhat hyperbolic, certainly breathless,” Sharga said. “Of the delinquent loans, the ones that will probably go back to the bank are somewhere in the neighborhood of 2.5 million. That’s the shadow inventory that will gradually be making its way to the market over the next three years.”
December 17, 2009 at 7:08 PM #495306LesBaer45ParticipantHmm, 2.5million according to this. Not 1.7million.
But what’s 800K among friends?The Mortgage Bankers Association is reporting some 7 million home loans in default, creating what some analysts have called a “shadow inventory” of foreclosures being held by banks.
“We’re looking at numbers that are somewhat hyperbolic, certainly breathless,” Sharga said. “Of the delinquent loans, the ones that will probably go back to the bank are somewhere in the neighborhood of 2.5 million. That’s the shadow inventory that will gradually be making its way to the market over the next three years.”
December 17, 2009 at 7:08 PM #495689LesBaer45ParticipantHmm, 2.5million according to this. Not 1.7million.
But what’s 800K among friends?The Mortgage Bankers Association is reporting some 7 million home loans in default, creating what some analysts have called a “shadow inventory” of foreclosures being held by banks.
“We’re looking at numbers that are somewhat hyperbolic, certainly breathless,” Sharga said. “Of the delinquent loans, the ones that will probably go back to the bank are somewhere in the neighborhood of 2.5 million. That’s the shadow inventory that will gradually be making its way to the market over the next three years.”
December 17, 2009 at 7:08 PM #495777LesBaer45ParticipantHmm, 2.5million according to this. Not 1.7million.
But what’s 800K among friends?The Mortgage Bankers Association is reporting some 7 million home loans in default, creating what some analysts have called a “shadow inventory” of foreclosures being held by banks.
“We’re looking at numbers that are somewhat hyperbolic, certainly breathless,” Sharga said. “Of the delinquent loans, the ones that will probably go back to the bank are somewhere in the neighborhood of 2.5 million. That’s the shadow inventory that will gradually be making its way to the market over the next three years.”
December 17, 2009 at 7:08 PM #496021LesBaer45ParticipantHmm, 2.5million according to this. Not 1.7million.
But what’s 800K among friends?The Mortgage Bankers Association is reporting some 7 million home loans in default, creating what some analysts have called a “shadow inventory” of foreclosures being held by banks.
“We’re looking at numbers that are somewhat hyperbolic, certainly breathless,” Sharga said. “Of the delinquent loans, the ones that will probably go back to the bank are somewhere in the neighborhood of 2.5 million. That’s the shadow inventory that will gradually be making its way to the market over the next three years.”
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