Freddie Mac Hires New Outsourcers for Its REO Sales

Kilgore, Austin
May 2011
Mortgage Servicing News;May2011, Vol. 15 Issue 5, p20
The article reports on the additions of Atlas REO Services and Green River Capital to the outsourcing vendors of Freddie Mac to help manage and dispose its real estate owned asset management system (REO) portfolio. It mentions that the two companies will join Freddie's existing vendor, Vendor Resource Management. According to Freddie's REO sales division vice president James Bowden, the addition of the two companies allows Freddie to manage its REO portfolio in the future.


Related Articles

  • With New Outsourcers, Freddie Mac Brings Competition to Its REQ Sales. Kilgore, Austin // National Mortgage News;3/28/2011, Vol. 35 Issue 26, p12 

    The article reports on the effort of Freddie Mac to add multiple outsourcers to help manage and dispose its real estate owned (REO) properties in the U.S. It is believed that the move is intended to achieve the best execution of the company's asset dispositions. It claims that the new vendors...

  • REQ and Short Sale Platforms Get High-Tech Makeovers. Cornwell, Ted // Mortgage Servicing News;Nov2010, Vol. 14 Issue 11, p26 

    The article reviews several computer software including Real Estate Owned (REO) asset management system from Red Rock Servicing, REO Connect portfolio management system from Green River Capital, and offer management workflow software from Equi-Trax Asset Solutions LP.

  • The Rise of Extreme Delinquencies. Blecher, Herb // Mortgage Banking;Nov2010, Vol. 71 Issue 2, p18 

    The author talks about several issues facing the mortgage industry and some of the activity around severe delinquencies and foreclosures in the U.S. He mentions that almost 44,000 loans went from foreclosure to real estate-owned (REO) status with the ending of the foreclosure sales of Fannie Mae...

  • Hot Topics Could Include Loss Mit Efforts, Short Sales. Sinnock, Bonnie // National Mortgage News;2/14/2011, Vol. 35 Issue 20, p8 

    The article provides an overview of the possible topics to be discussed at the MBA's conference in Dallas, Texas. Brent Taggart, senior vice president at Green River Capital Co. in West Valley, Utah suggests that loss mitigation strategies and how to decrease the timelines to complete a short...

  • Freddie Mac Looking to Boost Sales of REO Properties. Nemeroff, Evan // National Mortgage News;12/2/2013, Vol. 37 Issue 46, p1 

    The article offers information on the planning of Freddie Mac, finance housing in America, for boosting up the sales of real estate owned (REO) properties. It mentions that the Certified Community Stabilization Expert (CCSE) program, designed for HomeSteps by San Diego-based Community Asset...

  • Untitled. Collins, Brian; Nemeroff, Evan; Sichelman, Lew; Muolo, Paul // National Mortgage News;8/13/2012, Vol. 36 Issue 45, p1 

    The article presents information that by selling properties faster than its mortgage service provider, the company Freddie Mac is able to gradually reduce its real estate owned (REO) inventory. It further informs that the most of the retail sales activity of the company is done by its HomeSteps...

  • Learning How to Clear Distressed Inventory Faster. Nemeroff, Evan // National Mortgage News;11/14/2011, Vol. 36 Issue 9, p9 

    The article focuses on various training courses for housing industry brokers on selling real estate owned (REO) assets. Cheryl Travis-Crawford of Vendor Resource Management says that VRM University was established in 2008 due to increasing foreclosed properties. Sharon Barlett of Freddie Mac...

  • CMBS REO Hits Highest Level Ever.  // National Mortgage News;8/20/2001, Vol. 25 Issue 46 

    Focuses on the level of delinquencies existing in CMBS market in New York. Influence of Real Estate Owned(REO) in the delinquencies of the market; Details on the properties of REO; Impact of REO to CMBS market industry.

  • Keeping an RE asset's value high.  // Mortgage Servicing News;Feb2011, Vol. 15 Issue 2, p1 

    The article reports that asset managers and lenders tend to spend more to keep the value of REO assets in the U.S. high.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics