Foreclosure shadow inventory will take more than 40 months to clear: Fitch

The non-agency shadow inventory will take more than 40 months to clear, according to projections from Fitch Ratings. The ratings firm pegs the shadow inventory for non-agency residential mortgage-backed security (RMBS) loans at 1.5 million. For all loans, the total is closer to 7 million.

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‘Shadow’ real estate inventory may take 4 years to clear S&P: Slower liquidation rates to blame. By Inman News, Wednesday, February 2, 2011. It may take more than four years to clear the "shadow inventory" of distressed homes lurking on the sidelines in the U.S., a factor that’s likely to undermine real estate prices as the backlog clears, analysts at Standard & Poor’s Ratings Services say.

Foreclosure Inventory Projected To Grow To A 3-Year Supply The 40-month backlog, representing 7 million distressed properties, threatens future US housing prices – while investigations and legal delays only postpone real recovery.

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This "only six states" also represent 40% of the population. Now, representing half of shadow inventory instead of just 40% is probably noteworthy. However, it isn’t earth shattering, and may be more of a statement about the states that don’t have a lot of shadow inventory than those that do.

Foreclosures in shadow inventory totaled 798,000 (3.2 months’ supply), and REOs in the shadows numbered 342,000 (1.4 months’ supply). Shadow inventory also represents 85 percent of the 2.6 million properties that are seriously delinquent, in foreclosure, or bank-owned.

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The shadow inventory of delinquent loans, foreclosures, and REOs stands at 7 million homes, which would take the market more than 40 months to clear, more than three years, according to Fitch Ratings.

The "shadow inventory" of bank-repossessed properties, as well as distressed mortgages facing foreclosure, will take nearly three years to clear at the current sales rate, according to a.

Treasury provides three options to replace Fannie, Freddie The plan lays out three different options. the notion that “we don’t need Fannie Mae & Freddie Mac to provide new mortgage financing” is a “myth.” Will anything happen in the near term? Maybe. The.

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