Friday, October 14, 2011

Lane Guide: Which 15 Banks Have Most REO's?


In the second quarter of 2011, there were 5,239 FDIC insured institutions which reported an inventory of Real Estate Owned (REO).  These ranged from Wells Fargo with the most $4.7bn to Citizens Bank Of Weir, Kansas with just $1,000.  The chart shows at a glance how the top 15 compare:
(c)2011 Lane Guide Lenders On Line, Inc.
  
Here are the actual numbers for each:

 1. Wells Fargo Bank, N.A. $ 4,705,000,000.00
 2. Bank Of America, N.A. $ 3,476,194,000.00
 3. JPMorgan Chase Bank, N.A. $ 3,293,000,000.00
 4. Branch Banking & Trust Co. $ 1,508,637,000.00
 5. U.S. Bank, N.A. $ 1,463,720,000.00
 6. Citibank $ 1,057,000,000.00
 7. P N C Bank, N.A. $    819,563,000.00
 8. SunTrust Bank $    674,338,000.00
 9. Fifth Third Bank $    488,453,000.00
10. Regions Bank $    430,452,000.00
11. M & I Marshall & Ilsley Bank $    333,898,000.00
12. Compass Bank $    298,755,000.00
13. Armed Forces Bank, N.A. $    268,808,000.00
14. RBC Bank (USA) $    217,975,000.00
15. HSBC Bank USA, N.A. $    213,244,000.00 

courtesy of Lane Guide 

(If you want to find the REO and Asset Managers for each institutions with over $1MM in REO inventory, Lane Guide maintains a complete database on all lenders nationwide)






























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