The combined REO (Real Estate Owned) inventory for Fannie, Freddie and the FHA increased by 13% in Q2 2010 from Q2 2010. The REO inventory (lender Real Estate Owned) increased 74% compared to Q2 2009 (year-over-year comparison).
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This graph shows the REO inventory for Fannie, Freddie and FHA through Q2 2010.
The REO inventory for the "Fs" has increased sharply over the last year, from 135,868 at the end of Q2 2009 to 236,338 at the end of Q2 2010.
This is a new record for Fannie and Freddie; the FHA's REO inventory decreased slightly in Q2 2010.
Remember this is just a portion of the total REO inventory. Private label securities and banks and thrifts also hold a substantial number of REOs.
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