Freddie Mac's REO inventory down

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freddie-mac

Freddie Mac reported its REO inventory is down 30% from 2010 peak levels of 75,000 homes. At 53,000 units as of last quarter, the numbers reveal a reason to be more optimistic about the housing market.

Even though REO inventory has slowed since the ban on robo-signing went into effect in the fall of 2010, the economy is also seeing home prices on the rise and a lowering unemployment rate.

Freddie Mac also attributes its decline to the company’s focus on “early intervention” with distressed borrowers.