Nov 09, 2011
Fannie and Freddie’s REO inventory declines in Q3
09 Nov 2011
Posted by Andrew Kantor
Both Fannie Mae and Freddie Mac reported that their holdings of REO properties declined in the third quarter, continuing a trend that’s been ongoing since late 2010.
Here’s a nice graph from Calculated Risk:
That’s good news, although there’s a caveat: Lenders will eventually begin processing the backlog of foreclosures — as CR put it, “there may be a new peak when the foreclosure dam eventually breaks.”