Fannie “Real Estate Owned” Inventory Decreased Q4 2023
Industry Update
February 15, 2024
Source: Calculated Risk
Fannie reported results for Q4 2023. Here is some information on single-family Real Estate Owned (REOs).
Fannie Mae reported the number of REOs decreased to 8,403 at the end of Q4 2023, down 4% from 8,779 at the end of Q4 2022.
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 although REO levels might increase in 2024, there will not be a huge wave of foreclosures.
For full report, please click the source link above.