Repo volume remains at half of pre-pandemic levels
An uptick was expected in November 2020 with end of loan assistance
Despite an uptick in October 2020, repossession volume remains at about half of pre-pandemic levels, causing concerns for the health of repo agencies, their ability to handle higher volume in the future, and a potential rise in repo service prices. Repossession agencies are only seeing about 50% of pre-pandemic volumes, Les McCook, executive director for […]
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