Delayed Foreclosures, REO Glut Prompt FHFA to Seek Request for Information on Property Sales
August 11, 2011
The Federal Housing Finance Agency, the Treasury Department and the Department of Housing and Urban Development this week announced a request for information on how to best sell Fannie Mae, Freddie Mac and FHA-owned real estate owned properties. The regulators are looking for ways to dispose of REO inventory while improving loss recoveries and adding to the supply of rental housing, according to the RFI. While the [government-sponsored enterprises] will continue to market individual REO proper-ties for sale, FHFA and the enterprises seek input on ...