Fannie “Real Estate Owned” Inventory Decreased 10% in Q2 2024
Industry Update
August 13, 2024
Source: Calculated Risk Finance & Economics
Fannie reported results for Q2 2024. Here is some information on single-family Real Estate Owned (REOs).
Fannie Mae reported the number of REOs decreased to 7,179 at the end of Q2 2024, down 10% from 7,971 at the end of the previous quarter, and down 17% year-over-year from Q2 2023.
For Fannie, this is down 96% from the 166,787 peak number of REOs in Q3 2010.
This is well below the normal level of REOs for Fannie, and there will not be a huge wave of foreclosures.
For full report, please click the source link above.