by Calculated Risk August 13, 2024 12:01 PM
Funny Q2 2024 Earnings ReportHere is some information about single-family real estate ownership (REO).
Fannie Mae reported that the number of REOs fell to 7,179 as of the end of the second quarter of 2024, down 10% from 7,971 at the end of the previous quarter and down 17% year-over-year from the second quarter of 2023.
For Fanny, this is A 96% decrease from the peak of 166,787. Number of REOs in 3Q2010.
Click on the graph to enlarge the image.
Here is a graph of Funny Real Estate Ownership (REO).
This is well below Fannie’s normal REO levels. Huge wave of foreclosures.
