The Real Estate Owned (REO) market has been dormant for over a year due to foreclosure moratoriums and protections for homeowners impacted by the COVID-19 pandemic. As protections are lifted, will there be a post-pandemic flood of REO properties? Radian's Andrew Oliverson, VP, REO Operations, joins Rachel Stein, Director of Training Initiatives to discuss the current and future state of the REO market.
In this podcast, we will:
Resources:
REI INK – There be a Flood of Post-Pandemic REO Volume?
ATTOM – U.S. Foreclosure Activity Drops to 16-Year Low in 2020
Nolo.com – CFPB Finalizes a New Rule Restricting Mortgage Foreclosures Until 2022
Federal Reserve – The Effect of Mortgage Forbearance on House Prices During COVID-19
MBA – Share of Mortgage Loans in Forbearance Decreases to 3.23 Percent
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