"Foreclosures have come down but these are still extraordinarily high levels," said CoreLogic Chief Economist Frank Nothaft.
Fannie Mae and Freddie Mac have put billions of dollars' worth of distressed mortgage assets up for sale this year, but small buyers acquiring carve-outs of these offerings are driving activity in this niche market.
If we can't identify adequate capital to bear mortgage credit losses when they are incurred, aren't we setting ourselves up for another series of bailouts in the next housing downturn?
Partner Insights
When he's not co-hosting his talk radio show or helping clients, Residential Home Funding's Marc Demetriou is studying loan program guidelines, a task he credits for helping him become one of the industry's top producing loan officers.
2015 Top Producers
ON's annual rankings show how loan officers made the most out of a tough year for originators.
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