Archives For: REO
Fannie REO Inventory Decreased in Q2
Fannie Mae reported their REO (real estate owned) inventory has decreased at the end of the second quarter of 2023.
9 Aug 2023
Fannie REO Inventory Essentially Unchanged in Q1
Fannie Mae reports that Real Estate Owned (REO) inventory is essentially unchanged in Q1 of 2023.
8 May 2023
Fannie REO Inventory Increased in Q1 YoY; Expected to Increase Further in 2022
Fannie Mae reported the number of REO increased to 7,430 at the end of Q1 2022 compared to 6,918 at the end of Q1 2021.
3 May 2022
FHA Expands Real-Estate Owned Property Purchase Opportunities for Owner-Occupant Buyers
The Federal Housing Administration (FHA) on Thursday announced it is increasing its exclusive listing period on certain HUD single-family real-estate owned (REO) homes to allow more time for owner occupants, HUD-approved nonprofit organizations, and governmental entities to submit bids for the purchase of these homes before they become eligible for purchase by investors.
13 Jan 2022
REO Auctions Attracting Competing Bids
Auction.com issued a report highlighting bank-owned property auction data from the third quarter of 2019.
11 Nov 2019
VA Circular 26-17-38: Updates to the VA Property Management and Servicing Contract
The U.S. Department of Veterans Affairs (VA) issued a circular providing details concerning operational matters related to VA’s Real Estate Owned (REO) and direct loan portfolio performed by Vendor Resource Management (VRM) under the VA REO and Portfolio Servicing Contract (RPSC).
27 Nov 2017
‘Clear boarding’ Replacing Plywood in Bid to Curb Foreclosure Blight
National Mortgage News published an article discussing recent moves by Fannie Mae and Freddie Mac to widen the use of clearboarding for securing pre-foreclosure and real estate owned (REO) properties.
9 May 2017
Should Servicers Still be Outsourcing REO Disposition?
HousingWire published an article exploring what the current state of the housing industry means for banks and investors that have invested in distressed loan portfolios.
5 May 2017
VALERI Special Announcement
The U.S. Department of Veterans Affairs (VA) released an announcement containing information on the Real-Estate Owned and Portfolio Servicing Contract (RPSC) on FedBiz Opps.
22 Nov 2016
Declining REO Inventory
Servicing Management published an article by Safegaurd Properties Vice President of Vendor Management Joe Iafigliola. In it, Iafigliola explores how mortgage field services companies can adapt to a business climate with declining real estate owned (REO) inventory.
30 Aug 2016