REO brokers are on hold as mortgage servicers and banks sort through new regulations and mortgage documentation to ensure they are ready to move distressed properties to the sales block. In the interim, brokers and brokerage firms are experiencing a lull in new REO inventory. While most brokers are expecting business to pick up during the final quarters of 2011, a lingering sense of uncertainty and insecurity remains. HousingWire’s editorial team sat down with several brokers during the second day of the 2011 REO Expo in Forth Worth. Each agent offered HousingWire a glimpse into what is happening in their respective market.
REO Expo Video Update: Shadow inventory dominates broker discussions
June 13, 2011, 7:01pm
Kerri Ann Panchuk was the Online Editor of HousingWire.com, and regular contributor to HousingWire magazine. Kerri joined HousingWire as a Reporter in early 2011 and since earned a law degree from Southern Methodist University. She previously worked at the Dallas Business Journal.see full bio
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Kerri Ann Panchuk was the Online Editor of HousingWire.com, and regular contributor to HousingWire magazine. Kerri joined HousingWire as a Reporter in early 2011 and since earned a law degree from Southern Methodist University. She previously worked at the Dallas Business Journal.see full bio
