Friday, November 5, 2010

Fannie, Freddie, FHA REO Inventory Increases 24% in Q3 from Q2 2010: CR

I would click on the article it has a great graph showing the quarter by quarter inventory change.
Given the large number of seriously delinquent loans in our single-family guaranty book of business and the large current and anticipated supply of single-family homes in the market, we expect it will take a number of years before our REO inventory approaches pre-2008levels.
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Our expectation that the foreclosure pause will likely result in higher serious delinquency rates, longer foreclosure timelines, higher foreclosed property expenses, higher credit losses, higher credit-related expenses, and an increase in the number of REO properties we are unable to market for sale.
Read it all

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