Fannie and Freddie’s REO inventory declines in Q3

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:

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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.”

About Andrew Kantor

Andrew is VAR's editor and information manager, and -- lessee now -- a former reporter for the Roanoke Times, former technology columnist for USA Today, and a former magazine editor for a bunch of places. He hails from New York with stops in Connecticut, New Jersey, Cincinnati, Columbus, and Roanoke.
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