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Fannie Mae and Freddie Mac Release REO Inventory Results
Tuesday, February 28, 2017 6:40 AM

By Bill McBride, for Calculated Risk

Fannie Mae and Freddie Mac reported results last week on Real Estate Owned (REO) inventory.

Freddie reported the number of REO declined to 11,418 at the end of Q4 2106 compared to 17,004 at the end of Q4 2015. For Freddie, this is down 85 percent from the 74,897 peak number of REOs in Q3 2010. For Freddie, this is the lowest since at least 2007.

Fannie reported the number of REO declined to 38,093 at the end of Q4 2016 compared to 57,253 at the end of Q4 2015. For Fannie, this is down 77 percent from the 166,787 peak number of REOs in Q3 2010 and the lowest since Q4 2007.

REO inventory decreased in Q4 for both Fannie and Freddie, and combined inventory is down 33 percent year over year.

Delinquencies are falling, but there are still a number of properties in the foreclosure process with long timelines in judicial foreclosure states; but this is getting close to normal levels of REOs.

Source:  Calculated Risk