Fannie “Real Estate Owned” Inventory Decreased in Q1 2024
Industry Update
May 6, 2024
Source: Calculated Risk
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.
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.