New Foreclosures at Lowest Since 2005, REO Releases Jump

Realty Trac reported new foreclosures are at the lowest point since 2005 and banks are releasing pent up properties at near retail prices at the highest level since 2007. With lender requirements stiffened since 2007, there have been very few delinquencies on loans originated since 2009. This has also created a large pool of lender reserves and many like FHA are expected to lend more aggressively.

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