Fannie Mae pays $53M to settle recession-era discrimination suit
Housing Wire
FEBRUARY 7, 2022
Our role in housing finance brings important responsibilities.”. Instead, investors bought the run-down properties in bulk sales. After the housing crisis, the GSE’s portfolio of foreclosed, or “Real Estate Owned” properties ballooned. In 2011, Fannie Mae repaired 89,800 such properties, and sold 244,000.
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