FHFA Modifies Fannie Mae and Freddie Mac RO Sales Requirements

(RECAP: The FHFA, on November 25, directed the Government-Sponsored Enterprises Fannie Mae and Freddie Mac (GSEs) to amend their rules on the sale of real estate-owned (REO) properties currently under their control. Under the new policy, the GSEs will be able to sell existing REO properties to any qualified buyer based on the property’s fair-market value, as determined by the GSEs.)