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FHFA changes Fannie and Freddie REO sales policy

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Washington, D.C. – The Federal Housing Finance Agency (FHFA) today directed Fannie Mae and Freddie Mac (the Enterprises) to alter one of their policies relating to the sale of real estate owned (reo) [bank owned due to foreclosure] properties in their current inventory. The change will permit the two companies to sell existing REO properties.

This story appeared in Bank Digest.. The Federal Housing Finance Agency has directed Fannie Mae and Freddie Mac to alter one of their policies relating to the sale of real estate owned properties in their current inventory. The change will permit the two companies to sell existing REO properties to any qualified purchaser at the property’s fair-market value, as determined by the Enterprises.

FHFA Directs Fannie Mae and Freddie Mac to Change Requirement Relating to Sales of Existing REO. On November 25, the Federal Housing Finance Agency (FHFA) published a news release announcing its direction of Fannie Mae and Freddie Mac to alter one of their policies relating to the sale of real estate owned (REO) properties in their current inventory.

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Fannie Mae foreclosure sell-off destroying neighborhood foreclosure timelines affect the timing and degree of house price recovery. We aim to identify the marginal effect of longer a foreclosure timeline on housing market dynamics using county-level foreclosure timelines based on -level data, Fannie Mae loancontrolling for key -level county macroeconomic and housing variables.

**Policy change applies only to HomeKeeper loans and is not applicable to Home Equity Conversion Mortgage (HECM) loans. Fannie Mae Short Sale and Fannie Mae Mortgage Release (Deed-in-Lieu of Foreclosure) Workout Options In alignment with Freddie Mac and at the direction of the Federal Housing Finance Agency (FHFA), we are simplifying our

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