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Loan Modification

: Mortgage Lender Implode-o-Meter

Freddie to Auction REO Homes to First-Time Homebuyers

By Implode-Explode Heavy Industries

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"Freddie Mac and New Vista Asset Management are joining forces to offload two portfolios of real-estate owned (REO) properties currently being held by the GSE. A pair of auctions being held later this month in Las Vegas and Southern California will open the REO properties to either first-time homeowners or owner-occupiers, in a sign that investors are persona non grata."

Full post as published by Mortgage Lender Implode-o-Meter on April 02, 2010 (boomark / email).

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