Fannie Mae and Freddie Mac have been working through the REO inventory load they hold on their books. In the second 
quarter of this year, Fannie Mae’s REO inventory stood at 96,796 compared to 166,787 properties it held in the third quarter of 2010. Freddie Mac is also reporting a large decrease. Fannie Mae says that in the first half of this year it has seen a“modest increase in REO prices”. REO numbers have been steadily dropping over the last few quarters as foreclosures continue to fall nationwide, read more.
quarter of this year, Fannie Mae’s REO inventory stood at 96,796 compared to 166,787 properties it held in the third quarter of 2010. Freddie Mac is also reporting a large decrease. Fannie Mae says that in the first half of this year it has seen a“modest increase in REO prices”. REO numbers have been steadily dropping over the last few quarters as foreclosures continue to fall nationwide, read more.
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