Fannie and Freddie: REO inventory declined in Q2, Down 33% Year-over-year

Fannie and Freddie reported results last week. Here is some information on Real Estate Owned (REOs). From Fannie Mae : The continued decrease in the number of our seriously delinquent single-family loans has resulted in a reduction in the number of REO acquisitions in the first half of 2015 as compared with the first half of 2014. We continue to manage our REO inventory to appropriately manage costs and maximize sales proceeds. However, we are unable to market and sell a large portion of our inventory, primarily due to occupancy and state or local redemption or confirmation periods, which......(read more)

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