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Update on Q2 REO Inventory
With the release of the Q2 FDIC Quarterly Banking Profile, we can estimate the number of REOs held by FDIC insured banks and thrifts. From economist Tom Lawler:
"On the residential REO front, FDIC-insured institutions’ 1-4 family property REO holdings (in $’s of carrying value) declined to $12.0895 billion on June 30th, 2011 from $13.2795 billion on March 31st, 2011 and $13.
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Lawler: Single Family REO inventories down 21.7% in Q3
The following graph is from economist Tom Lawler and shows the total REO for Fannie, Freddie, FHA, Private Label (PLS) and FDIC insured institutions. This isn't all the REO, as Lawler noted before, it "excludes non-FHA government RE... Read Post
Lawler: Q1 REO inventory of "the F's", PLS, and FDIC-insured institutions combined down about 20% from a year ago
From economist Tom Lawler: FDIC released its Quarterly Banking Profile for the first quarter of 2012, and according to the report the carrying value of 1-4 family REO properties at FDIC-insured institutions at the end of March was $... Read Post
Lawler: FDIC-insured institutions’ Real Estate Owned (REO) decrease in Q1
From economist Tom Lawler: The FDIC released its Quarterly Banking Profile for the first quarter of 2011.... On the REO front [lender Real Estate Owned], the carrying value of 1-4 family residential real estate owned on FDIC-insured... Read Post