Fannie REO Inventory Decreased in Q2
Industry Update
August 9, 2023
Source: Calculated Risk
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.
For full report, please click the source link above.