by Calculated Risk on 5/14/2021 05:19:00 PM
Fannie and Freddie earlier reported results two weeks ago for Q1 2021. Here is some information on Real Estate Owned (REOs).
For Freddie, this is down 98% from the 74,897 peak number of REOs in Q3 2010.
Fannie Mae reported the number of REO declined to 6,918 at the end of Q1 2021 compared to 16,289 at the end of Q1 2020.
For Fannie, this is down 96% from the 166,787 peak number of REOs in Q3 2010.
Here is a graph of Fannie and Freddie Real Estate Owned (REO).
REO inventory decreased in Q1 2021, and combined inventory is down 58% year-over-year.
This is well below a normal level of REOs for Fannie and Freddie.