by Calculated Risk on 12/03/2013 11:06:00 AM

The FHA has stopped releasing REO inventory as part of their monthly report, however they provided me the most recent data today (for October).

In their Q3 SEC filing, Fannie reported their Real Estate Owned (REO) increased to 100,941 single family properties, up from 96,920 at the end of Q2.  Freddie reported their REO increased to 47,119 in Q3, up from 44,623 at the end of Q2.

The FHA reported their REO decreased to 32,226 (as of October), down from 41,838 in Q2.  This reverses a recent trend of increasing REO inventory at the FHA.

The combined Real Estate Owned (REO) for Fannie, Freddie and the FHA declined to 180,286, down from 183,381 at the end of Q2 2013. 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.

Click on graph for larger image.

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.

Although REO was up for Fannie and Freddie in Q3 from Q2, REO decreased for the FHA - and overall REO was down for the twelfth consecutive quarter.