TITLE

BANKS PONDER: TO SELL OR NOT TO SELL?

AUTHOR(S)
Fest, Glen
PUB. DATE
May 2008
SOURCE
Bank Technology News;May2008, Vol. 21 Issue 5, p16
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses issues related to foreclosures confronting real estate owned (REO) portfolios in the U.S. The decline in the prices of homes by more than 10 percent drives banks to look for outside vendors to help them cope with the turmoil in the market. A research shows that mortgage firms and banks will increase collections and REO information technology (IT) spending to $400 million in 2008.
ACCESSION #
33304148

 

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