Tuesday, December 4, 2012

Lane REO Index Turns UP for First Time in a Year



Lane REO Index Bounces Up in 3rd Quarter…


Lane Guide (Reno, NV) December 4, 2012 --

Lane REO Index upticks to 198.5 in 3Q
 
After the first measurable drop in the Index since 2007, The Lane REO Index rebounded upwards in the 3rd Quarter of 2012. 

The Index is the measure of the total bank REO portfolios nationwide.  The increase to 198.5 is nearly 12 points higher over the prior quarter, marking the first up turn in the Index in over a year.  While the up tick in the index shows a short-term increase in bank portfolios of owned properties, the Index is significantly lower year-to-year.  This may indicate some leveling in the residential market, while the largest increases where in commercial and development properties.

 For more information on Lane Guide, visit www.laneguide.com 


©2012 Lane Guide Lenders On Line, Inc. – All Rights Reserved.

Commercial REO’s Overtake Residential Portfolio



Commercial REO’s Overtake
Residential Portfolios for First Time


Although it has been close before, this latest quarterly data shows commercial portfolios now exceed 24% of the total REO portfolio nationwide. 

 Lane Guide (Reno, NV) December 4, 2012 --

     ( View Full Size Graph )

If you add in the Multi-Family (5+) properties, the total investment property REO’s is over 27%.

Some reduction is due to the decline in valuation in residential properties, which actually lowers the dollar amount of REO’s the banks hold in disproportion with the actual number of units.
Raw land and construction foreclosures are still being carried in huge numbers in bank portfolios, nearly reaching  a third of the total portfolio.

For more information on Lane Guide, visit www.laneguide.com

©2012 Lane Guide Lenders On Line, Inc. – All Rights Reserved.