FHFA REO Initiative

On February 1, the FHFA announced the first step of its REO Initiative targeted to hardest-hit metropolitan areas which will allow qualified investors to purchase pools of foreclosed properties with the requirement to provide a specific rental period. Interested investors will have the ability to pre-qualify to bid on transactions in the initial pilot phase and in subsequent phases. FHFA Release. REO Asset Disposition Page. Investor Pre-Qualification Process.