Industry News

REO homes open to Katrina victims

Housing provided rent-free for up to 18 months
Published on Sep 16, 2005

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by CareyBot

Fannie Mae will provide 1,500 single-family homes for temporary housing for those displaced by Hurricane Katrina, the mortgage giant said Thursday. The houses come from Fannie’s Real Estate Owned, or REO, stock (properties that have been re-purchased by a bank ...