Fannie REO Inventory Essentially Unchanged in Q1
Industry Update
May 8, 2023
Source: CalculatedRisk
Fannie reported results for Q1 2023. Here is some information on single-family Real Estate Owned (REOs).
Foreclosure have increased slightly since the end of the foreclosure moratorium.
Fannie Mae reported the number of REOs increased to 8,780 at the end of Q1 2023, essentially unchanged from 8,779 in Q4 2022, and up 18% from 7,430 at the end of Q1 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.