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Banks grip on prime shadow inventory growing: Morgan Stanley

Whether they like it or not, the nation's banks control most of the country's shadow inventory, according to a report Friday from Morgan Stanley.
Even more, properties in imminent default are typically cheaper homes with prime mortgages. The analyst adds that their findings buck conventional wisdom that these homes are either concentrated in the slums of [...] Banks grip on prime shadow inventory growing: Morgan Stanley
HousingWire

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