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Monday, May 06, 2024

Fannie "Real Estate Owned" inventory Decreased in Q1 2024

by Calculated Risk on 5/06/2024 02:01:00 PM

Fannie reported results for Q1 2024. Here is some information on single-family Real Estate Owned (REOs). 


Fannie Mae reported the number of REOs decreased to 7,791 at the end of Q1 2024, down 5% from 8,403 at the end of the previous quarter, and down 9% year-over-year from Q1 2023. 

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

Fannie and Freddie REO Click on graph for larger image.

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

This is well below the normal level of REOs for Fannie, and there will not be a huge wave of foreclosures.