Fannie “Real Estate Owned” inventory Decreased 10% in Q2 2024
by Calculated Risk on 8/13/2024 12:01:00 PM
Fannie reported results for Q2 2024. Here is some information on single-family Real Estate Owned (REOs).
Fannie Mae reported the number of REOs decreased to 7,179 at the end of Q2 2024, down 10% from 7,971 at the end of the previous quarter, and down 17% year-over-year from Q2 2023.
For Fannie, this is down 96% from the 166,787 peak number of REOs in Q3 2010.
Click on graph for larger image.
Here is a graph of Fannie Real Estate Owned (REO).
This is well below the normal level of REOs for Fannie, and there will not be a huge wave of foreclosures.
