Lane REO Index Turns UP for First Time in a Year

Lane REO Index Bounces Up in 3^rd Quarter…

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

 

( View Full Size Chart )

After the first measurable drop in the Index since 2007, The Lane REO Index rebounded upwards in the 3^rd 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.

Performance Dashboard - Powerful New Tool

LaneGuide.com has released a new performance tool designed for investors, note buyers and REO professionals who need to identify new contacts specific to their locations – right down to the county the work or invest in.

The Performance Dashboard integrates financial data for banks, thrifts and credit unions in into one live sort list to identify those with higher levels of delinquencies (pre-foreclosures) and active REO inventories.  New dashboard features incorporate a new Key Contact panel and a special departments and branches list all on one page for easy reference. 

This new powerful search accesses a database of over 14,000 active institutions along with there key contact people, REO, Special Assets and Loss Mitigation contacts.  Our new geographical coding allows you to search down to a particular county – so you only get results of lenders lending, servicing or having a physical office in that area.

Click Here to See The New  Performance Dashboard