foreclosure inventory: Some More Good Foreclosure News - 03/15/12 10:00 AM
According to the National Foreclosure Report issued by Corelogic indicated that foreclosure activity improved in January 2012 compared to a year ago.
The number of completed foreclosures fell 13% year-over-year in January.  This decline has been seen by many market pundits as an overall drop in default activity.  Specifically, there were 69,000 completed foreclosures in January 2012, up from 65,000 in December and down from 80,000 last year.
Furthermore, our country had 1.4 million homes, or 3.3% of all homes, in foreclosure inventory during January.  According to an article in Housingwire.com, "
States with the highest foreclosure rates included Florida (11.8% … (0 comments)

foreclosure inventory: Fannie Mae REO inventory drops 27% in 2011 - 03/01/12 11:51 PM
Year-end inventory of foreclosed residences held by FNMA (Fannie Mae) dropped for the first time in since the great housing recession of the 21st century. In 2011, REO inventory dropped 27% to approximately 118,500.  Given that 23% of the REO inventory held by Fannie Mae is located in California, followed by Florida at 11.5%, this is definitely a good sign, provided new foreclosure filings and repossessions don't ramp back up the REO inventory levels.
 
Also of note, Fannie Mae SOLD more REOs than it took in.  More specifically, the report indicated that in 2011, Fannie Mae acquired nearly 200,000 properties … (1 comments)