The real estate owned-to-rental niche currently may be "the world's biggest $0 billion industry," as Rick Sharga of Carrington Mortgage Services said at the recent SourceMedia Mortgage Servicing Conference in Dallas, but it should start to grow.

There is "some logic" that the niche should grow, as shown by the fact that in 28 of the last 29 quarters, the industry has foreclosed on more properties than it has sold as REO, Carrington said.

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