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Fannie Mae REO and Neighborhood Stabilization Overview for Form

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hi my name is Melissa and today we're gonna be talking about Fannie Mae HomePath properties so first let's talk about what's an email Fannie Mae or the federal National Mortgage Association was founded in 1938 by Congress and it was during the Great Depression as part of the New Deal the hope was that they would help stimulate the housing market by making mortgages available to middle and low income households so it does not originate mortgages to borrowers but it curtis and guarantees them viewed a secondary mortgage market they never really worked directly with consumers but at the height of the real estate crash from 2008 they had about 62,000 properties and so suddenly they became a pretty big player in the primary market well this means that the home was foreclosed on or it was a deed in where the homeowner willingly gives the home back to the mortgage after they get these properties back Fannie Mae wants to sell them as quickly as possible as close to market value as possible and

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