First American Sees 1.7m in Shadow Inventory

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December 29, 2015 Fraud And Misrepresentation Risk Concentrating In Florida, According To First American loan application defect index; December 17, 2015 First American Chief Economist’s Potential Home Sales Model Decreases 2.1 Percent In November; November 24, 2015 First American Loan application defect index falls 2.5 Percent in October

National Foreclosure Backlog Estimated at 1.7M ALAN ZIBEL | AP Real Estate Writer. a looming "shadow inventory" of homes that will be put up for sale in the. But First American assumes.

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As for the total amount of homes in the shadow inventory, Amherst Securities places the total at 7m. The Royal Bank of Scotland found 2.7m, and First American CoreLogic counted 1.7m. S&P estimates.

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10 million more mortgages set to default, expert says 10 million more mortgages set to default, expert says Roughly 10.4 million mortgages, or one in five outstanding home loans in the U.S., will likely default if Congress refuses to implement new policy changes to prevent and sell more foreclosures, according to analyst Laurie Goodman from Amherst Securities Group .

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