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Monday, May 10, 2010
Don't look now, but you (the taxpayer) just bought another home!!!
The combined REO (Real Estate Owned) inventory for Fannie, Freddie and the FHA increased by 22% in Q1 2010 from Q4 2009. The REO inventory (foreclosed homes) increased 59% compared to Q1 2009 (year-over-year comparison).
Click on graph for larger image in
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