RE/MAX Fine Homes - Orange County Real Estate Blog: Fannie Mae: REO Inventory doubles, expected to increase "significantly"

Fannie Mae: REO Inventory doubles, expected to increase "significantly"

Fannie Mae reported: "a net loss of $1.2 billion in the second quarter of 2010, compared to a net loss of $11.5 billion in the first quarter of the year." The FHFA requested another $1.5 billion from Treasury.

On house prices, Fannie Mae "expects home prices to decline slightly for the balance of 2010 and into 2011 before stabilizing, and that home sales will be basically flat for all of 2010."

Comment balloon 0 commentsLee Ann Canaday • August 11 2010 02:43PM

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