REO in the Wake of the Pandemic

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:

• Define key terminology, including REO, forbearance and moratorium
• Discuss how moratoriums impacted the REO and broader real estate markets
• Review statistics and expectations for the post-pandemic REO market 

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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