To date, some institutions – including Fannie Mae and Freddie Mac -. Bye-bye regulation, the mortgage industry found a new focus.. Freddie could take more than a decade to unload REO inventory. New Wells Fargo ceo pens open letter thanking customers for their loyalty. Search for:

If its current trend is sustained and a net 1,000 REO properties are unloaded quarterly, it would take Freddie Mac an estimated 60 quarters or 15 years to bring down its total inventory to zero in the wake of a severely constricted foreclosure pipeline attributed to loan modifications and recent regulations.

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Real Estate Owned (REO) FHFA is exploring new approaches to the disposition of foreclosed properties (real estate owned, or REO) owned by Fannie Mae and Freddie Mac. The Fannie Mae’s and Freddie Mac’s REO portfolios are now stable and their individual retail sales are achieving close to fair market values for the properties.

At the end of the quarter, Freddie held 60,000 REO on its books, which has been trimmed – as new foreclosures are completed – from 75,000 one year ago. If the current trend holds, and the GSE reduces a net 1,000 REO from its inventory every quarter, it would take 60 quarters to unload its entire inventory – roughly 15 years.

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Shadow inventory is the banks and governments foreclosure inventory that has yet to be released on the market. I have heard some astronomical figures of how much shadow inventory is really out there, but in John Prior’s article titled " Freddie could take more than a decade to unload REO (forecloure) inventory ", the realtity sinks in pretty quickly.

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How to Wholesale REO Properties If the current trend holds, and the GSE reduces a net 1,000 REO from its inventory every quarter, it would take 60 quarters to unload its entire inventory – roughly 15 years. And that’s with a severely constricted foreclosure pipeline due to recent servicing problems and new regulations. As it opens up, the market will be asked to absorb even more REO sales just to remain on that current trend.