FHFA Announces Two Winning Bidders, With Plans To Continue Bulk REO Sales

FHFA has released some information concerning the results of the bidding for bulk sales of Fannie Mae owned properties. The qualifying process began in the spring, for investment groups that could meet specific FHFA guidelines for capital assets, management capability and other criteria.

Here’s How You May Qualify To Buy 1,000 Homes From Fannie Mae

For months now, the U.S. Government has been kicking around the idea of making bulk sales of foreclosed properties owned by Fannie Mae and Freddie Mac. The idea is to sell large pools of homes to qualified investors who will be required to put them back into service as rental properties, and the FHFA is looking to get started this month.

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