First Winning Bidder Announced for FHFA REO Pilot Initiative

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On September 10, the FHFA announced that Pacifica Companies, LLC has purchased 699 Fannie Mae properties in Florida as part of the REO pilot initiative. The FHFA will announce the winning investors for properties in other areas upon closing of the transactions in the coming weeks. FHFA Release.

Published In: Administrative Agency Updates, Finance & Banking Updates, Residential Real Estate Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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