Meet our incredible 2015 Women of Influence

Meet our incredible 2015 Women of Influence

Announcing 40 leaders driving the housing economy

CFPB to mortgage industry: Get out of MSAs

Industry calls move regulation by enforcement

This is why millennials need a new credit scoring system

Turns out they WANT credit, but just can't GET credit
W S
The Ticker

Is the shadow inventory threat overstated?

locked_house
/ Print / Reprints /
| Share More
/ Text Size+

According to The Wall Street, media outlets are continuously reporting that a large shadow inventory of potential foreclosures remains a threat to the housing market. But the paper says:

There’s just one problem: the data doesn’t show it.

For the past three years, a number of housing pundits have issued ominous warnings about the millions of underwater mortgages, modified mortgages, and delinquent mortgages that threatened to drag down the housing market. But efforts to modify and refinance mortgages—together with surprisingly strong demand from investors for distressed properties—have whittled down this shadow supply.

Source: WSJ
Read full story

Recent Articles by Brena Swanson

Comments powered by Disqus