Tag: reo to rental

  • REO-to-Rental Program Takes Next Step: FHFA

    REO-to-Rental Program Takes Next Step: FHFA

    Fannie Mae and Freddie Mac's REO-to-Rental program has entered a new stage in piloting an initiative aimed at softening the blow of foreclosed homes to the housing market. The announcement by the FHFA, which controls the mortgage giants, renews focus on an innovative investment opportunity being embraced by a wide cross-section of players in the real estate market. Continue Reading

  • REO to Rental: Fannie Mae Dips Further Into Foreclosure Pool

    REO to Rental: Fannie Mae Dips Further Into Foreclosure Pool

    Fannie Mae waded further into the foreclosure pool on Monday as it released new details on its plan to sell its repossessed homes as rental properties. The pilot program, first announced in August as an effort to clear the mortgage giant's backlog of foreclosures, is launching with an initial offering of 2,490... Continue Reading

  • Foreclosure Fire Sale: Will Bulk 'REO to Rental' Program Fly?

    Foreclosure Fire Sale: Will Bulk 'REO to Rental' Program Fly?

    With an estimated 3.6 million more foreclosures expected over the next two years, the government-backed mortgage giants have a proposition for you: How'd you like to take a couple (hundred) homes off their hands? In a recently announced program, the Federal Housing Finance Agency, which regulates the... Continue Reading