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Fannie Mae pays $53M to settle recession-era discrimination suit

Housing Wire

After the housing crisis, the GSE’s portfolio of foreclosed, or “Real Estate Owned” properties ballooned. Our REO maintenance standards are designed to ensure that all properties are tended to and treated equally.”. Instead, investors bought the run-down properties in bulk sales.

Equity 378
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Industry supports FHA’s 40-year loan term option — with caveats

Housing Wire

The rule would also reduce losses to FHA’s Mutual Mortgage Insurance Fund, as fewer properties would be sold at a loss in foreclosure or out of FHA’s real estate owned inventory, according to HUD. But it’s not just a benefit to borrowers.

Loans 414
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Five Types of Forclosure and Tips for Purchasing Each Type

Realty Biz

The auction is designed to help a lender make some money quickly to help take care of the default. Bank-Owned Properties. These are referred to as REO or real estate owned. You can, of course, also ask your real estate agent to help you find these types of properties.

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How Do I Find an REO Buyer’s Agent Who Knows Bank-Owned Home Sales?

HomeLight

But then, it went into foreclosure and didn’t sell at auction, so now it’s listed as an REO, or real estate-owned property. A “real estate owned,” or REO, home is one that’s owned by a bank. You’ve been driving by that cute bungalow for years, but didn’t think you could afford the neighborhood.

Banks 83
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Opinion: 5 policy changes that can improve housing affordability

Housing Wire

Residential zoning laws are designed to promote orderly development, control traffic flow, and ensure that noise and activity levels are appropriate to each specific neighborhood. It is fair to say that the current shortage of housing supply is at crisis levels, which is the primary reason home prices have soared in recent years.

Land 405
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Radian’s Pyramid Platform automates every step of the real estate process

Housing Wire

“Our customers choose Pyramid Platform because it allows them the flexibility to design their optimal workflow, manage their real estate assets, and nimbly pivot as the needs of those portfolios may change to match market conditions,” added Smith. Tim Reilly, EVP, Asset Management Operations.

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How do Foreclosure Auctions Work? How to Find Properties, Research, and Bid

HomeLight

With online foreclosure auctions, you submit your offer digitally during a designated day and time. An online option like a real estate owned (REO) property, you’re not spending any money into it,” says Durham. He advises that you set your numbers in advance so your spending doesn’t get out of control.