NAR: Increased lending and easier short sales will reduce REOs

WASHINGTON – Sept. 16, 2011 – The National Association of Realtors® responded yesterday to a request from the U.S. Department of Housing and Urban Development (HUD), the Federal Housing Finance Agency (FHFA), and the U.S. Department of the Treasury. The agencies had asked for suggestions on ways to sell real-estate-owned (REO) properties owned by government enterprises Fannie Mae and Freddie Mac.

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