Fitch: Non-Agency REO Volume Jumps 441 Percent
Posted by Paul Jackson on Jul 1st, 2008
2008
Jul 1
It looks like investors and rating agencies alike are discovering REO, finally.
Unprecedented growth of U.S. real estate-owned property volumes and the costs needed to maintain these assets are hindering recoveries and may increase loss severities upon liquidation, presenting a lofty task ahead for RMBS servicers, according to Fitch Ratings in a new report released Tuesday [...]