
Fatal Frame: Maiden of Black Water Producer Keisuke Kikuchi revealed in an interview that a Fatal Frame remaster collection isn't planned.

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Koei Tecmo confirmed that the success of Fatal Frame: Maiden of Black Water contributed to the new remaster of Mask of the Lunar Eclipse.
I mean that was sort of obvious.
There was literally nothing on this franchise, then they ported Maiden of Black Water likely because it was the easier one to translate to modern devices being a Wii U title and all. And now we are getting a remaster of the 4th title. So it stands to reason that Maiden of Black Water was successful enough to start the whole process.
A remaster of the Fatal Frame 2 remake that was on Wii would be very welcome as well. That game is great. Scared the crap out of me the first time I played it as well lol.

Daily Video Game writes: "Xbox Store has a new digital game sale going on right now, offering up to 80% off on various Japan-inspired games for Xbox Series X/S and Xbox One gamers!"
No Fatal Frame Remaster Collection Currently Planned. This is a international crime!!
Truth be told, they might simply be waiting to see how Maiden of Black Water sells. If it sells well enough Tecmo may see fit indeed to remaster the PS2 games.