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Home » Store » Inside Mortgage Finance » DeMarco: FHFA, Obama Administration to Focus Now on REO Initiative; Senate Dems Urge Quick Agency Action

DeMarco: FHFA, Obama Administration to Focus Now on REO Initiative; Senate Dems Urge Quick Agency Action

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Now that the long-awaited revision of the Home Affordable Refinance Program is out of the way, look for the Federal Housing Finance Agency to redouble its efforts to discharge the government’s backlog of real estate owned properties with all deliberate speed. During an interview on C-SPAN’s “Newsmakers” program last weekend, FHFA Acting Director Edward DeMarco said the agencies are sifting through over 4,000 comment letters on the proposed REO bulk sales program. “Now that we have the HARP announcement out, we are turning to this as the next priority,” said DeMarco. “We do think we will have some good...
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