by Calculated Risk on 5/03/2018 04:17:00 PM

Fannie and Freddie reported results for Q1. Here is some information on Real Estate Owned (REOs).

Freddie Mac reported the number of REO declined to 7,718 at the end of Q1 2017 compared to 10,938 at the end of Q1 2017.

For Freddie, this is down 90% from the 74,897 peak number of REOs in Q3 2010. For Freddie, this is the lowest since at least 2007.

Fannie Mae reported the number of REO declined to 24,063 at the end of Q1 2018 compared to 34,551 at the end of Q1 2017.

For Fannie, this is down 86% from the 166,787 peak number of REOs in Q3 2010. For Fannie, this is the lowest since at least 2007.

Click on graph for larger image.

Here is a graph of Fannie and Freddie Real Estate Owned (REO).

REO inventory decreased in Q1 for both Fannie and Freddie, and combined inventory is down 30% year-over-year.

There are still a number of properties in the foreclosure process with long time lines in judicial foreclosure states - but this is close to normal levels of REOs.