reo

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reo

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Collins Discovery Encyclopedia, 1st edition © HarperCollins Publishers 2005
References in periodicals archive ?
The transaction included the sale of mortgage servicing rights and $879M of reverse mortgage whole loans and other real estate owned assets as of April 30, 2018.
Expenses related to other real estate owned and repossessed assets showed a decline of $749 thousand, or 34.15%, from $2.2 million in 2016 to $1.4 million in 2017.
The bank provides commercial and retail banking services and its subsidiary, JKH Realty Services LLC, manages real estate owned properties.
OFG Bancorp (NYSE:OFG) has said that its Oriental Bank subsidiary, has entered into a definitive agreement to sell the remaining covered non-performing commercial loans and real estate owned arising from the 2010 FDIC-assisted acquisition of Eurobank.
This transaction will decrease commercial non-performing loans by approximately 57 percent, or USD392m, construction non-performing loans by approximately 45 percent, or USD55m, and other real estate owned by approximately 45 percent, or USD121m.
1 March 2013 a[euro]" Puerto Rico-based Popular Inc (NASDAQ:BPOP) said today its main banking unit, Banco Popular de Puerto Rico, agreed to sell USD568m (EUR435.9m) book value of non-performing loans and other real estate owned to a company controlled by a joint venture between Caribbean Property Group LLC and affiliated funds of Perella Weinberg Partners Asset Based Value Strategy.
Helios, based in Woodbridge, NJ, is a full service real estate advisory firm specializing in the sale of commercial/residential mortgage loans and real estate owned (REO) assets.
Bancorp's balance sheet was none the worse for wear after reporting other real estate owned of $452 million.
Last year, the American Institute of CPAs accounting standards executive committee (AcSEC) undertook a project to examine how losses on loans collateralized by real estate and on certain real estate owned were being determined under current guidance.
Management classifies non-performing assets as those loans on which payments have been delinquent 90 days and are still accruing interest, nonaccrual loans, and other real estate owned and repossessed assets.

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