FHFA launches pilot REO property sales

The FHFA first announced the REO Initiative in August, when the agency put out a request for information seeking input, and said Feb. 1 that the first sale would be soon.

REO Could Become A Serious Problem For HUD/GSEs. If the property is cleared for sale it is listed for 180 days and if. fhfa directed fannie Mae to launch a pilot reo disposition program and.

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