Real Estate Owned Stocks List
Symbol | Grade | Name | % Change | |
---|---|---|---|---|
HBAN | B | Huntington Bancshares Incorporated | 0.84 | |
STWD | D | Starwood Property Trust Inc. | 0.69 | |
FXNC | F | First National Corporation | -0.33 | |
ASPS | F | Altisource Portfolio Solutions S.A. | -1.96 |
Related Industries: Banks - Regional - US Business Services REIT - Diversified
Symbol | Grade | Name | Weight | |
---|---|---|---|---|
MORT | D | Market Vectors Mortgage REIT Income ETF | 9.76 | |
REM | D | iShares Mortgage Real Estate Capped ETF | 9.36 | |
MVRL | D | ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN | 8.19 | |
IAT | B | iShares U.S. Regional Banks ETF | 4.49 | |
DDIV | A | First Trust Dorsey Wright Momentum & Dividend ETF | 4.45 |
Compare ETFs
- Real Estate Owned
Real estate owned, or REO, is a term used in the United States to describe a class of property owned by a lender—typically a bank, government agency, or government loan insurer—after an unsuccessful sale at a foreclosure auction. A foreclosing beneficiary will typically set the opening bid at a foreclosure auction for at least the outstanding loan amount. If there are no bidders that are interested, then the beneficiary will legally repossess the property. This is commonly the case when the amount owed on the home is higher than the current market value of the foreclosure property, such as with a mortgage loan made at a high loan-to-value during a real estate bubble. As soon as the beneficiary repossesses the property it is listed on their books as REO and categorized as an asset. (See non-performing asset).
Popular Now
Recent Comments
- TraderMike on IZM
- TraderMike on Today's Outage
- Crunching_The_Market on Today's Outage
- TraderMike on Market Recap for Friday, March 8, 2024
- Don_Marat on Market Recap for Friday, March 8, 2024
From the Blog
Featured Articles