REO Expo Video Update: Shadow inventory dominates broker discussions

REO brokers are on hold as mortgage servicers and banks sort through new regulations and mortgage documentation to ensure they are ready to move distressed properties to the sales block. In the interim, brokers and brokerage firms are experiencing a lull in new REO inventory. While most brokers are expecting business to pick up during the final quarters of 2011, a lingering sense of uncertainty and insecurity remains. HousingWire’s editorial team sat down with several brokers during the second day of the 2011 REO Expo in Forth Worth. Each agent offered HousingWire a glimpse into what is happening in their respective market.