Bank owned properties, aka real estate owned or REO, are those that have been taken over by lenders due to problems paying the mortgage. These properties may be sold at bargain prices to move quickly.

Homes can become bank-owned properties if the homeowner defaults on their mortgage and the bank forecloses. Bank-owned properties may also be referred to as real estate owned, or REO for short.

In a significant move to strengthen global public asset management frameworks, the World Bank’s Executive Directors approved the relaunch of the World Bank Reserve Advisory and Management Partnership ...

1. What is Development Policy Financing? World Bank assistance can be provided through development policy financing (DPF), which provides non-earmarked funds for development policy operations (DPO).