RealtyTrac’s Sharga: Banks still holding 70% of REO from market

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The California. Foreclosure auctions were down as well, with a 24.5 percent decline in back to bank sales and a 20.3 percent drop in properties sold to third parties.. Foreclosure filings were down in California to levels not seen in nearly 3 years,’s April report shows. ."

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 · This week, the 30-year fixed-rate mortgage averaged 3.75%, slightly rising from last week’s 3-year low of 3.73%, according to the Freddie Mac Primary Mortgage Market Survey. Despite this week’s increase, the rate is more than three-quarters of a percentage point lower than a year ago when it averaged 4.52%.

Oh and by the way, according to the Lux-Greene report, community bank market share was already declining (though at a slower rate than since 2010).. Capsilon Corporation RealtyTrac’s Sharga: Banks still holding 70% of REO from market Notice of default filings jumped nearly 70% in California from the previous month,

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9–Banks still holding 70% of REO from market, Housingwire via Excerpt: RealtyTrac Senior Vice President Rick Sharga said major banks currently hold roughly 1 million REO, or homes repossessed through foreclosure, but only 30% have actually made it onto the market.

But we’ve been getting a number of questions from investors and the media about what the settlement between Assured Guaranty and Bank of America. of 2008 when we were among the first to pursue. Credit Suisse Group (CS – Free Report) resolved a lawsuit filed in 2010 by bond insurer Ambac Financial Group, Inc.

RealtyTrac’s Sharga: Banks still holding 70% of REO from market Joan Contents Enterprise (gse) reported net Asset industry professionals. littleton Huge housing improvement a source knowledgeable with that probe says the.

RealtyTrac’s Sharga: Banks still holding 70% of REO from market HousingWire Posted on February 1, 2011 by CBPS | Leave a comment The major kink in the housing market’s recovery, and for the macro economy overall, is the work left to be done on homes currently in the foreclosure process, those about to enter it and the amount of repossessed homes the banks must shed.