April 15, 2024
Fannie “Actual Property Owned” stock primarily unchanged in Q1

by Calculated Threat on 5/08/2023 12:02:00 PM

Fannie reported outcomes for Q1 2023. Right here is a few info on single-family Actual Property Owned (REOs). 

Foreclosures have elevated barely for the reason that finish of the foreclosures moratorium.

Fannie Mae reported the variety of REOs elevated to eight,780 on the finish of Q1 2023, primarily unchanged from 8,779 in This fall 2022, and up 18% from 7,430 on the finish of Q1 2022.  

For Fannie, that is down 95% from the 166,787 peak variety of REOs in Q3 2010.

Fannie “Actual Property Owned” stock primarily unchanged in Q1 Click on on graph for bigger picture.

Here’s a graph of Fannie Actual Property Owned (REO).

That is effectively beneath a standard degree of REOs for Fannie, and REO ranges will improve additional in 2023, however there is not going to be an enormous wave of foreclosures.