The Reason Banks Made the Decision to Sell Non-Performing Mortgage Notes and Bulk REO’s
June 11th, 2009
Bulk REO Video Training The impact felt by non-performing assets are detrimental to the economy and mortgage lenders alike. A bank’s ability to borrow is negatively effected by around 900% when a mortgage defaults . For instance, if a loan of $100,000 is in default, the lender is forbidden from borrowing up to $900,000 until the property is dumped. As a property loses its value, the only option banks have is to record the adjusted value and take the financial hit. (A quick note from
