Norada Real Estate Investments

  • Home
  • Markets
  • Properties
  • Membership
  • Podcast
  • Learn
  • About
  • Contact

Freddie Mac Needs 15 Years to Unload All REO Inventory

November 21, 2011 by Marco Santarelli

Sales of Freddie Mac REO homes took a dip in 3Q11 compared to the first two quarters of the year as nonperforming loans surged consistently over the previous quarter.

The number of repossessed homes plunged to 25,300, falling by 13.5% quarter-on-quarter (q-o-q) or approximately 30,000 units in 3Q11. REO sales also stumbled from 31,600 in 1Q11, the highest number recorded in the government sponsored enterprise’s (GSE) history.

In 3Q11, Freddie Mac thrust back 24,300 homes into its current inventory while disposing 25,300 REO properties at the same time. At the end of the quarter, the mortgage capital provider has already accumulated 60,000 REO properties on its books, down by 25 percent year-on-year (y-o-y) as a result of newly completed foreclosures.

[Read more…]

Filed Under: Economy, Foreclosures, Real Estate Investments Tagged With: Foreclosures, Freddie Mac, Housing Market, REO Inventory

Real Estate

  • Birmingham
  • Cape Coral
  • Charlotte
  • Chicago

Quick Links

  • Markets
  • Membership
  • Notes
  • Contact Us

Blog Posts

  • Cape Coral Housing Market Crash: Boom, Bust, and Echoes in 2025
    July 9, 2025Marco Santarelli
  • Why is Cape Coral Housing Market in Florida Doomed to Crash in 2025?
    July 9, 2025Marco Santarelli
  • Today’s 5-Year Adjustable Rate Mortgage Rises Significantly by 30 Basis Points – July 9, 2025
    July 9, 2025Marco Santarelli

Contact

Norada Real Estate Investments 30251 Golden Lantern, Suite E-261 Laguna Niguel, CA 92677

(949) 218-6668
(800) 611-3060
BBB
  • Terms of Use
  • |
  • Privacy Policy
  • |
  • Testimonials
  • |
  • Suggestions?
  • |
  • Home

Copyright 2018 Norada Real Estate Investments

Loading...