FHA REO Inventory Up By 47% Since December 2009

Recent reports by the Federal Housing Administration (FHA) reveal they hold 60,739 repossessed properties as of December 2010.  The new data indicates a 47% increase from December 2009.  Moreover, the FHA reports nearly 600,000 seriously delinquent mortgages, which makes up “8.78% of the FHA insurance in force”.  This could mean a further increase to the FHA’s REO inventory.  http://bit.ly/f68nkY

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