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Wednesday, August 09, 2023

Fannie "Real Estate Owned" inventory Decreased in Q2

by Calculated Risk on 8/09/2023 03:47:00 PM

Fannie reported results for Q2 2023. Here is some information on single-family Real Estate Owned (REOs). 

Foreclosure have increased slightly year-over-year since the end of the foreclosure moratorium.

Fannie Mae reported the number of REOs decreased to 8,615 at the end of Q2 2023, down from 8,780 in Q1 2022, and up 13% from 7,637 at the end of Q2 2022.  

For Fannie, this is down 95% from the 166,787 peak number of REOs in Q3 2010.

Fannie REO Click on graph for larger image.

Here is a graph of Fannie Real Estate Owned (REO).

This is well below a normal level of REOs for Fannie, and REO levels will increase further in 2023, but there will not be a huge wave of foreclosures.