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Monday, May 13, 2013

Fannie, Freddie, FHA REO inventory declines in Q1 2013

by Calculated Risk on 5/13/2013 01:36:00 PM

The combined Real Estate Owned (REO) by Fannie, Freddie and the FHA declined to 189,5291 at the end of Q1 2013, down from 192,720 in Q4 2012, and down 9% from 209,077 in Q1 2012. The peak for the combined REO of the F's was 295,307 in Q4 2010.

This following graph shows the REO inventory for Fannie, Freddie and the FHA.

This is only a portion of the total REO. There is also REO for private-label MBS, FDIC-insured institutions, VA and more. REO has been declining for those categories too.

Fannie Freddie FHA REO Click on graph for larger image.

Although REO was down for Fannie and Freddie in Q1 from Q4, REO increased for the FHA - this is something to watch.

1 The FHA is currently in the process of updating their reporting procedures, and the most recent data available online is for January 2013. I've obtained FHA REO data for April 2013 (not end of Q1).