Breaking News
  • Morgan Stanley settles for $3.2 billion over 'deceptive' mortgage bond practices

    Morgan Stanley will hand out hundreds of millions of dollars in consumer relief and fork over hundreds of millions more to state governments as part of $3.2 billion settlement over its “deceptive” mortgage bond practices in the run-up to the financial crisis, the New York Attorney General’s Office said Thursday. Click the headline to read more.

Freddie to auction REO homes to first-time homebuyers

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.

Comments powered by Disqus