We are a long way from the days when central bankers cultivated their ability to “mumble with great incoherence”. 23 To inform the market about the uncertainty inherent in projections, some central banks publish fan charts showing the range of possible outcomes around the highest probability scenario.
Some attention has already been focused on getting renters or owners into real estate owned (REO) and vacant properties and thus off of servicers' books – something that is in the shared interest of servicers, investors, and communities, particularly as the inventories of these types of properties mount.