Ocwen Chairman Erbey resigns as company admits misconduct

Ocwen Chairman Erbey resigns as company admits misconduct

Company to pay $150 million to homeowners

Existing home sales collapse 6.1% in November

Tumble comes amid record low declining rates, prices

Monday Morning Cup of Coffee: Oil’s crash will impact MBS market

Mortgage fraud is still a problem, plus the gift of housing metrics
W S

Freddie to auction REO homes to first-time homebuyers

/ Print / Reprints /
| Share More
/ Text Size+
A pair of auctions later this month in Las Vegas and Southern California will put the keys to hundreds of REO properties in the hands of first-time homeowners and homebuyers who plan to occupy the property they purchase, Freddie Mac and New Vista Asset Management recently announced. The auctions will be conducted through HomeSteps, Freddie Mac’s real estate sales unit, in partnership with the federal government’s Neighborhood Stabilization Program (NSP). The events are scheduled for April 24 (Las Vegas) and April 25 (California’s Inland Empire). New Vista provides disposition services for REO properties and is helping to facilitate the auctions.

Recent Articles by Diana Golobay

Comments powered by Disqus