July 3, the FHFA announced that the winning bidders in a real estate owned (REO) pilot initiative have been chosen and transactions are expected to close early in the third quarter. The FHFA launched the pilot program in late February, and bids were solicited from qualified investors to purchase approximately 2,500 single-family Fannie Mae foreclosed properties. FHFA Release.
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Winning bidders selected in FHFA REO pilot program
- Orrick Herrington & Sutcliffe LLP
- July 9 2012
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