Please Help.

Please help. I just received the below email and I’m wondering if anyone else can verify the number of properties in Shadow Inventory as being 7,000,000? Do you think this is an accurate or good number, should it be more or less?
New figures released by Fitch Ratings put the industry’s shadow inventory at 7 million homes. The agency defines the shadow supply of properties as loans that are delinquent, in foreclosure, or real-estate-owned (REO) by the servicer, and Fitch says based on recent liquidation trends, “it will take more than 40 months to clear this existing distressed inventory

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