Foreclosure Real Estate Held by the Three F's

Fannie Mae, Freddie Mac, and FHA are holding a record number of homes for sale and the number continues to increase. Values for the 4th quarter of 2010 will be out soon but here is the graph (courtesy of CalculatedRiskBlog.com) for the third quarter of 2010:



Another meaningful graph however shows that for serious delinquency rates the worst may finally be past:

As foreclosures are once again taking place the number of seriously delinquent loans will likely continue to drop (these are the ones that are being foreclosed).  One would think that an important indicator to watch would be the number of loans becoming delinquent for the first time.  I'm working on finding that information...

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