Wilbur Ross quits Ocwen Financial

Wilbur Ross quits Ocwen Financial

Distressed asset investor bringing his magic to Bank of Cyprus

Dustin Johnson levels blockbuster claims at title attorneys

Is Nat Hardwick the fall guy?

CFPB proposes 7 big changes to foreclosure process for mortgage servicers

Adds guidance on extended borrower protections
W S

REO disposition: HomePath golden ticket

/ Print / Reprints /
| Share More
/ Text Size+
Fannie Mae is the largest owner of REO properties in the United States. The government-sponsored enterprise reported in its second quarter 2010 financial statement that it had more than 129,000 properties in its inventory as of June 30 — more than double the 62,000 that fellow GSE Freddie Mac reported owning during the same period and nearly three times the estimated 44,000 REO properties that the Department of Housing and Urban Development owns from the Federal Housing Administration mortgage guarantee program. To dispose of these properties, Fannie turns to HomePath, its REO sales division and its network of thousands of real estate brokers that list and sell the houses.

Recent Articles by Austin Kilgore

Comments powered by Disqus