by Sarah Jawaid, National Housing Conference
The Federal Housing Finance Agency released its first set of REO portfolios for prequalification of bidders. Properties are in: Georgia, Illinois, Florida, Nevada, California, and Arizona. See FHFA press release for more information.
“This is another important milestone in our initiative designed to reduce taxpayer losses, stabilize neighborhoods and home values, shift to more private management of properties, and reduce the supply of REO properties in the marketplace,” said FHFA Acting Director Edward J. DeMarco.