Tuesday, March 27, 2007

9,214 REO's offered for sale on Countrywide Financial's website

Disregard older date above.

Count: 9,214

Total Asking Price: $1,798,382,278

(As of June 19, 2007)




Source: http://www.countrywide.com/purchase/f_reo.asp
Click on state below for detailed listings.
State
Count
Total Asking Price($)
Single Family, Median Asking Price($)




12
2,996,800
-
108
11,097,400
74,400
29
3,554,300
91,900
220
61,048,000
202,400
1701
666,385,700
359,900
201
36,768,900
133,900
49
11,865,100
222,900
7
1,992,900
-
6
1,296,400
-
380
95,188,500
184,900
554
73,512,601
100,400
9
4,085,100
-
44
3,699,000
62,900
6
928,400
-
357
63,682,400
113,400
247
14,842,100
40,900
61
5,432,600
57,900
61
5,554,600
79,900
33
3,676,700
75,900
252
58,393,300
217,900
85
25,345,500
268,400
9
1,283,100
-
1471
117,510,502
56,900
323
57,802,100
159,900
284
29,748,544
69,900
83
7,075,822
54,900
3
477,700
-
129
12,494,600
69,900
3
115,700
-
33
3,144,800
84,400
55
12,839,600
201,400
59
17,479,400
267,900
15
1,862,500
-
323
111,189,800
289,900
95
17,771,200
159,450
600
37,963,449
51,900
58
4,410,200
64,900
11
3,979,900
-
124
11,404,250
60,400
40
8,400,000
189,400
39
4,187,800
59,400
8
1,042,200
-
175
18,821,910
76,900
539
78,687,200
97,900
3
1,047,700
-
201
67,978,600
301,950
1
228,900
-
29
7,310,100
189,900
61
8,138,200
104,950
17
2,475,300
-
1
164,900
-



Total
9,214
1,798,382,278
115,900

4 comments:

Anonymous said...

any possible way to understand from the data the drop and the jump ?

are there properties that were there, dropped and came back ?

or all are new additions ?

Kevin said...

I think it was simply a logistical deviation. Like the guy that is in charge of emailing the list of REOs took the week off or something. We will continue to see these REOs increase for a while.

Anonymous said...

What % of Countrywide's foreclosures are their own portfolio? What percentage are loans they just serviced? Did Countrywide have insurance on any of their portfolio? In other words, maybe Countrywide's losses won't be as great as we may think?

Anonymous said...

The question about what % is a good.

CFC is a servicer of many loans they do not own.

But in the last 6 month CFC sell the good loans and keep those it can not sell.

Clearly CFC is going down on many aspects of the biz except for one:

Insurance. they stopped using PMI they are self insured and they keep the premiums .... but do they allocate enough resreve for a gary and rainy day - I doubt.