by Calculated Risk on 2/16/2021 09:42:00 AM

Fannie and Freddie earlier reported results last week for Q4 2020. Here is some information on Real Estate Owned (REOs). 

Note that COVID is impacting foreclosure activity, from Freddie: "We have also established a foreclosure and eviction moratorium for homeowners with Freddie Mac-owned single-family mortgages, which FHFA recently instructed us to extend until at least March 31, 2021." emphasis added

Freddie Mac reported the number of REO declined to 1,766 at the end of Q4 2020 compared to 4,989 at the end of Q4 2019.

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 7,973 at the end of Q4 2020 compared to 17,501 at the end of Q4 2019.

For Fannie, this is down 95% from the 166,787 peak number of REOs in Q3 2010.

Click on graph for larger image.

Here is a graph of Fannie and Freddie Real Estate Owned (REO).

REO inventory decreased in Q4 2020, and combined inventory is down 57% year-over-year.

This is well below a normal level of REOs for Fannie and Freddie.