Tag Archives: Fannie Takes Bigger Grip Over Its REO Sales

Fannie Mae announced that it will no longer be using third-party management vendors and sales teams to help manage its REO properties. The mortgage giant will now be handling the management of its REO inventories through its in-house staff. “We have reduced our REO inventory from 162,489 properties at the start of 2011 to 109,266 as of June 30, 2012,” Fannie Mae officials told HousingWire in an e-mail. “With a reduced inventory of properties, Fannie Mae’s in-house teams now have sufficient capacity to manage our REO properties without the assistance of third […]