Fannie, Freddie, FHA combined REO Inventory at Record Level

Fannie, Freddie, FHA combined REO Inventory at Record Level

The combined REO (Real Estate Owned) inventory for Fannie, Freddie and the FHA increased to a record 295,307 units at the end of Q4, although REO inventory decreased slightly for both Fannie Mae and Freddie Mac in Q4 (compared to Q3). The REO inventory increased 71% compared to Q4 2009 (year-over-year comparison).

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4closureFraud.org

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Fannie Mae Reports Fourth-Quarter and Full-Year 2010 Results

Comments
5 Responses to “Fannie, Freddie, FHA combined REO Inventory at Record Level”
  1. I sure wish someone could give me a connection inside Fannie. WF (ASC) foreclosed and bid $205K and we wanted to make payments . WF does not care. They evict my mother. As a disabled Viet Nam Vet with cancer I told them my monthly VA check was going to rise. They evict my 92 year old mother . They have the jouse listed at $144K. Has anyone made a large underbid like $100K?? I was going thru a loan mod with Citi Band and they dropped me after I was in final review for a year. I had made my papments. Every 2 monthes tthey would keep asking for paperwork. So they drop me from hamp because of the 5thb time they asked for the same paperwork.
    Now I reapply and they now say I make too much. Do I want a short sale? Or they are going to start to foreclose again
    Stan
    Racine, WI

  2. Gregory says:

    I want to know why the FEDERAL GOVERNMENT IS FORECLOSING ON IT’S OWN CITIZENS??????? If the FEDERAL GOVERNMENT OWN’S SO MUCH, SORRY US TAXPAYERS OWN SO MUCH OF FREDDIE AND FANNIE WHY ARE WE FORECLOSEING ON OUR SELVES???

  3. Elyse Del Francia says:

    Seems the Republican’s are back to their old tricks…

    You silly (I say with great respect) American’s who hate the blackman so bad that you voted these idiot’s back into power!!

    Unbelievable how they continue to fool stupid American voters…really…unbelievable!!

    Like Al Pacino in the Godfather….we try to pull away and you Republican voters just BRING THEM BACK IN!!

  4. l vent says:

    Give those homes back to the American people that you stole them from! This criminal cabal has NO RIGHT to repossess a home that is an UNSECURED DEBT! They are very deceptive, pernicious spawns of Satan. Time for some class action lawsuits for these people who clearly got robbed through the deceptive practices of this ongoing criminal enterprise. These criminals are being allowed to continue their ROBBERY, RAPE and PILLAGE using crimes prosecutable under the RICO ACT to continue their ongoing crime spree across America. This is despicable. They are creating a FRAUCLOSURE HOLOCAUST across America and what they are doing is ILLEGAL.

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