Industry NewsMarkets & Economy

Plan for bulk REO sales moving forward

Markets with shortgage of rentals most likely targets
Published on Dec 2, 2011

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by CareyBot

Fannie Mae and Freddie Mac's federal regulator says it's "proceeding prudently but with a sense of urgency" to lay the groundwork for bulk sales of repossessed homes to investors.

On Aug. 10, Fannie and Freddie's regulator, the Federal Housing Finance Agency (FHFA), announced it was exploring bulk sales as an option for dealing with the mortgage giants' growing inventories of real estate owned (REO) properties.

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