FHFA launches pilot REO property sales

FHFA reportedly may include as many as 500 to 1000 in the first pool of the pilot phase. The GSEs have more than one million properties. REO sales, government officials speaking on background with.

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FHFA launches pilot REO property sales.. The FHFA first disclosed in December that it had begun to develop new pilot programs to more efficiently unload foreclosed homes held by Fannie Mae and.

FHFA launches pilot REO property sales. Jarvis 0 Comments. Contents Raise investment advice standards. retirement Buying 699 single-family homes Increasing loan risk Fhfa) ‘reo initiative Massachusetts AG threatens to sue FHFA over buyback law While Weinberg’s bill requiring notification.

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Pacifica is buying 699 single-family homes that are part of Fannie Mae’s REO portfolio in Florida. In the coming weeks, FHFA says it will announce the winning bids for bulks sales of REO homes in California, Arizona and Illinois as part of the much-hyped pilot project to sell 2,500 foreclosed homes.

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