Tuesday, March 17, 2009

REO Bulk Sales increasing

Government intervention has temporarily slowed the quantity of first tier packages in the market place. The FDIC and other Federal Regulators have been acting to slow the process.

Late last year the FDIC was using liquidators to dispose of inventories. Today this is no longer case the FDIC has changed the process and now uses a very select group of firms to move Bulk Packages.

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