Freddie could take more than a decade to unload REO inventory

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""Freddie Mac"":http. However, the release pointed out that this was still higher than it has been for three of the past four quarters. The slower growth reflects less inventory accumulation and a.

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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.

Freddie could take more than a decade to unload REO inventory If so, and if house inventory data reported by the NAR are correct, it will take much longer to unload. can’t have missed two consecutive payments on any consumer debt within two years..

Flagstar ‘reps and warrants’ deal may be coming with Fannie Freddie could take more than a decade to unload REO inventory BY: krista franks brock. fannie mae and freddie mac refinanced more than 90,000 mortgages through the home affordable refinance Program (HARP) in September, bringing the program’s total reach to 1.7 million since its inception in 2009, according to the latest refinance report from theFederal Housing Finance Agency. On October 4, the SEC issued a proposed rule.

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