Anecdotally, yes: https://www.auction.com/blog/where-have-the-reo-investors-gone-2/ https://www.auction.com/blog/where-have-the-reo-investors-go... When secur

Anecdotally, yes: https://www.auction.com/blog/where-have-the-reo-investors-gone-2/ https://www.auction.com/blog/where-have-the-reo-investors-go... When securitized, there are rules and the “buy-and-hold” investors want to avoid those.