Here's an interesting site for tracking a piece of data on houses going into foreclosure. It monitors the data on REO (real estate owned) posted on Countrywide's site.
Countrywide Financial is the largest mortgage company in the U.S. and issued between 17% to 20% of all mortgages created in 2006.
It looks like the steadily-growing listings on the Countrywide site shows some stability at around 15,000 listing nationally. Is this from increased sales of old REO, or a move down in new properties going up for sale? It's likely the former.
Florida, however, is a different case. The numbers keep rising in California #1 and Florida #2.
Florida
Link
No comments:
Post a Comment