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Residential NPL & REO Opportunities: Q4 2022 Overview

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Non-Performing Residential Loans and REO Q4 - 2022
Q4 2022 NPL REO Market An Overview for Residential Investors

Non-Performing Residential Loans and REO: An Overview

Non-performing residential loans and REO are essential to the U.S. real estate market. This overview will provide an overview of the current state of non-performing residential loans and REO in the U.S. and information on how to invest in these types of assets.

Non-Performing Residential Loans and REO in the U.S.

As of the end of 2022, there were 4,574 banks in the U.S. with non-performing residential loans and REO. Non-performing residential loans are loans issued to finance the purchase or construction of a residential property. Still, the borrower has not made payments for a certain period and is at risk of default. On the other hand, REO is properties that a bank has acquired due to foreclosure and are now owned by the bank.

Residential 1-4 Family REO

As of the end of 2022, there were $828,702,000 in residential 1-4 family REO, with 693 banks holding these properties. Residential 1-4 family REO can include completed and partially completed properties.

Residential 1-4 Family First Position Liens

There were ,808,862,000 in non-performing residential 1-4 family first position liens that were 30-89 days late and still accruing, with 3,183 banks holding these loans. There were also ,364,363,000 in non-performing residential 1-4 family first position liens that were 90+ days late and still accruing, with 1,010 banks holding these loans. Nonaccrual loans for residential 1-4 family, first position liens totaled ,577,278,000, with 2,745 banks holding these loans.

Residential 1-4 Junior Liens

Non-performing residential 1-4 junior liens are loans issued to finance a residential property but are subordinate to a first-position lien. As of the end of 2022, there were 2,485,000 in non-performing residential 1-4 junior liens that were 30-89 days late and still accruing, with 857 banks holding these loans. There were also ,302,000 in non-performing residential 1-4 junior liens that were 90+ days late and still accruing, with 138 banks holding these loans. Nonaccrual loans for residential 1-4 junior liens totaled 8,310,000, with 860 banks holding these loans.

Residential 1-4 Family Revolving Lines of Credit

Non-performing residential 1-4 family revolving lines of credit allow borrowers to draw funds up to a specific credit limit as needed. As of the end of 2022, there were ,353,070,000 in non-performing residential 1-4 family revolving lines of credit that were 30-89 days late and still accruing, with 1,225 banks holding these loans. There were also 9,931,000 in non-performing residential 1-4 family revolving lines of credit that were 90+ days late and still accruing, with 220 banks holding these loans. Nonaccrual lines of credit for residential 1-4 family properties totaled ,521,230,000, with 938 banks holding these loans.

If you are interested in investing in non-performing residential loans and REO, obtaining a list of banks with non-performing residential loans and REO is essential. This can be challenging, as not all banks publicly disclose this information. However, several resources can be used to obtain this information, including online databases and professional networks.

Investing in Non-Performing Residential Loans and REO

Investing in non-performing residential loans and REO can be complicated and should only be attempted by experienced investors. It is essential to do your due diligence and research the market thoroughly before making any investment decisions.

One way to invest in non-performing residential loans and REO is to contact a mortgage note and REO brokerage firm specializing in these areas. Fitzgerald Advisors is a mortgage note and REO brokerage firm specializing in non-performing loans and REO. They have extensive experience in working with investors to help them acquire non-performing residential loans and REO and can provide valuable guidance and advice on the investment process.

Conclusion

Non-performing residential loans and REO are essential to the U.S. real estate market, with thousands of banks holding these assets. If you are interested in investing in these assets, you must do your due diligence and thoroughly research the market. Working with a specialized brokerage firm like Fitzgerald Advisors can also be a valuable resource in the investment process.

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