Fitch Group

Fitch: Non-Agency REO Volume Jumps 441 Percent 

It looks like investors and rating agencies alike are discovering REO, finally. Unprecedented growth of U.S. real estate-owned property volumes and the costs needed to maintain these assets are hindering recoveries and may increase loss severities upon liquidation, presenting a lofty task ahead for RMBS servicers, according to Fitch Ratings in a new report released Tuesday morning.