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.
Here is a graph of Fannie Real Estate Owned (REO).
This is well below a normal level of REOs for Fannie, and REO levels will increase further in 2023, but there will not be a huge wave of foreclosures.