Freddie Mac Sells Record-number REO at 94% of Market Value
Freddie had 59,600 REOs on its books with an estimated $10.4 billion in market value, at the end of the third quarter.
Palm Coast, FL – November 15, 2011
Freddie Mae sold a record number of real estate owned properties in 2011 and got pretty decent pricing on most of them, according to Tracy Mooney, senior vice president of single-family servicing and real estate owned properties at Freddie.
Mooney said in a blog post Monday that the majority of REO sales at the government-sponsored enterprise are going to owner-occupants.
Read More >>>> HousingWire [Nov. 14]
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