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Daniel, very nice charts.
While you are correct about the drop off and that they will go back up again, shortly; what you may not have seen is the bump up just before the robo-crisis. What they did do was expedite as many as they could prior to being held accountable for buying forged, fraudulent docs.
What you, and they, are NOT showing U.S. are the size of the shadow REO inventory - all of those that have been foreclosed and/or repossessed, that have not been listed for sale, even yet. And, while those numbers will be very interesting, what you also do not show U.S. is the number of post-foreclosure RE sales currently being sold VS the non-foreclosure sales. THAT will tell U.S. whether they are still selling "bad titles" to U.S.; and whether or not WE are still buying them.
Even if they did not complete one (1) more foreclosure over the next 12 months, they would still have more REOs to sell U.S. than we are currently buying from them. So, unless you can show U.S. that their sales of REOs and/or the prices they received have gone down, "They" have not, in fact, lost a penny, yet.
---------Even if they did not complete one (1) more foreclosure over the next 12 months, they would still have more REOs to sell U.S. than we are currently buying from them. So, unless you can show U.S. that their sales of REOs and/or the prices they received have gone down, "They" have not, in fact, lost a penny, yet.
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Foreclosuregate Drives 21% Plummet in November Foreclosure Activity
http://www.theatlantic.com/business/archive/2010/12/foreclosuregate-drives-21-plummet-in-november-foreclosure-activity/68134/
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