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Fannie Mae Moving REO Management In-House

September 21, 2012  |  by John Heithaus

Housing Wire ran a very interesting article this week reporting that due to steep reductions in the number of foreclosed properties they manage (from 162,489 properties at the start of 2011 to 109,266 as of June 30, 2012) administration of the REO program will be brought in-house. Full article here.

Of primary importance is a closing statement the company made: “We will continue to engage local real estate professionals to market our properties,” Fannie Mae said. “Fannie Mae’s goal is to help neighborhoods recover by selling as many properties as possible to owner occupants at competitive prices.”

Posted in Blog, Industry News, MRIS CMO Insights

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2 responses to “Fannie Mae Moving REO Management In-House”

  1. Great news! Taking layers out will make the process more efficient and will speed up the process. Brilliant move.

    Eva Klivington RealtyToWeb.com Principal Broker

  2. Candace Noel says:

    That's refreshing news. It sounds as though Fannie Mae is starting to pull it together. I'm glad the foreclosure rates are dropping. I've definitely noticed that we do not have as many as we did in 2008 and 2009. Thanks for posting this article!!

    Candace Noel, ImpactRealtyServices.com powered by… Fairfax Realty, Associate Broker

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