by Calculated Threat on 2/20/2023 01:37:00 PM
Fannie reported results for Q4 2022. Right here is a few data on single-family Actual Property Owned (REOs).
“In response to the COVID-19 pandemic, various legislative and government actions have been taken by the federal
authorities and state and native governments to help affected debtors and renters and to sluggish the unfold of the
pandemic, together with actions that utilized to the loans we assure. Whereas most of those actions are not in impact,
the COVID-19 nationwide emergency stays in place. In January 2023, the Administration introduced it intends to increase
the COVID-19 nationwide emergency to Could 11, 2023, and finish the emergency on that date. We proceed to supply
forbearance reduction and different house retention options to debtors affected by the COVID-19 pandemic …”
A kind of actions was a foreclosures moratorium that resulted in mid-2021. Since then, foreclosures have elevated barely.
Here’s a graph of Fannie Actual Property Owned (REO).
That is effectively under a traditional degree of REOs for Fannie, and REO ranges will improve additional in 2023, however there won’t be a huge wave of foreclosures.