REO Insider recently reported: Fannie's REO volume doubles on mounting foreclosures and longer disposition times

Fannie Mae acquired 68,838 single-family REO properties through foreclosure during Q210. At June 30, Fannie had 129,310 REO properties in its inventory, with a carrying value of $13bn - an increase from 62,615 properties valued at $6bn at the end of Q209. Fannie said it expects REO inventory will continue to "increase significantly" throughout 2010.

Fannie said 36% of its portfolio can't be listed for sale because the properties are protected under redemption periods. The redemption periods - which allow previous owners to reclaim the property by paying all the money owed on the mortgage - add four to six months to the time the property sits in Fannie's REO inventory.

Of the pool of unmarketable properties, Fannie said 36% are in occupied status, adding another one to three months to the disposition process. Other properties can't be sold because they're being repaired.

Preforeclosure sales and deeds-in-lieu of foreclosure totaled 21,515, compared with 17,326 in the first quarter of 2010.

Calculated Risk Blog also reporting on this story stated "Fannie Mae: REO Inventory doubles, expected to increase "significantly".  Fannie Mae reported that their REO inventory more than doubled since Q2 2009, from 62,615 to 129,310 in Q2 2010.  As this chart from Calculated Risk blog demonstrates:

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