Fannie Mae and Freddie Mac are being accused by some housing analysts as purposely keeping some foreclosures off the market as the mortgage giants wait for housing prices to pick up more across the country, HousingWire reports.
About half of the foreclosed homes that Fannie Mae owns are on the market or being prepared to be listed soon. However, the other 47 percent of Fannie’s REO inventory is sitting in limbo and not on the market.
Housing groups, including the National Association of REALTORS®, are calling on officials to release more of their REOs in markets where inventories of for-sale homes have shrank.
Read more
Housing groups, including the National Association of REALTORS®, are calling on officials to release more of their REOs in markets where inventories of for-sale homes have shrank.
Read more
No comments:
Post a Comment