Consensus Subprime Mortgage Loss Estimates: Mathematically Impossible? Seeking Alpha, NY - We assume that 75% of loan dollars 61 to 90 days past due become real estate owned [REO], that 90% of loans 90 days past due go to REO, and 95% of loans in ... |
Bank of America Completes Countrywide Purchase Housing Wire - “[Countrywide has] been funding our REO volume 24 months out from now,” the source said, who asked not to be named in this story. Bank of America did not ... |
Let the Buyer Seeking Bargains on Foreclosed Homes Beware San Diego Business Journal, CA - Brian Yui, chief executive officer of HouseRebate.com, which tracks listings of bank-owned properties — known as real estate owned, or REO, ... |
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