Freddie Mac Tuesday reported a net loss of US$475 million for 3Q 2015, compared to net income of US$4.2 billion for 2Q 2015. The company also reported a comprehensive loss of US$501 million for 3Q 2015, compared to comprehensive income of US$3.9 billion for 2Q 2015.
Single-family Real Estate Owned (REO) inventory (measured in number of properties) declined 31 per cent from December 31, 2014 to September 30, 2015, primarily due to our loss mitigation efforts and a larger proportion of properties being sold to third parties at foreclosure auction.
Single-family Real Estate Owned (REO) inventory
