REO Assignments To Decrease!

Heard from a very reliable source that REO assignments have been decreasing and will continue to decrease for a top 4 financial institution. Their inventory has been steadily decreasing for months! Due to HAMP, other programs and compliance issues there is a backlog of homes waiting to be foreclosed. Furthermore, most banks have good systems in place which have enabled them to write off a tremendous amount of assets. Add to that the holiday season when most banks have an unwritten moratorium and that pretty much ruins any hopes of increased assignments in the near future. The good news is that they're expecting assignments to increase in the first quarter of 2010.