1931 REO Royale
Posted on 02/22/2016 8:38:10 AM PST by Citizen Zed
Fannie Mae reported the number of REO declined to 57,253 at the end of 2015 compared to 87,063 at the end of 2014...
Freddie Mac reported the number of REO (Real Estate Owned) declined to 17,004 at the end of 2015 compared to 25,768 at the end of 2014.
REO inventory decreased in Q4 for both Fannie and Freddie, and combined inventory is down 34% year-over-year. For Freddie, this is the lowest level of REO since Q4 2007. Â For Fannie, this is the lowest level since Q2 2008.
(Excerpt) Read more at calculatedriskblog.com ...
1931 REO Royale
Does the decline in REO inventory have anything to do with the death of Gary Richrath?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.