FHA ANNOUNCES NEW CONTRACTS TO IMPROVE SYSTEM OF MAINTAINING AND SELLING INVENTORY OF ‘HUD HOMES’
By HUD -

WASHINGTON, DC – June 14, 2010 – (RealEstateRama) — The U.S. Department of Housing and Urban Development (HUD) today announced it is awarding contracts to 23 companies to serve as Asset Managers (AM) and 32 other firms to serve as Field Service Managers (FSM) under the third generation of its Management and Marketing (M&M) program, known as M&M III. The new contracts announced today are intended to reduce risk, increase sale prices and accelerate the pace of reselling HUD’s inventory of foreclosed FHA homes.


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HUD
http://www.hud.gov/

U.S. Department of Housing and Urban Development (HUD) is the nation’s housing agency committed to increasing homeownership, particularly among minorities; creating affordable housing opportunities for low-income Americans; and supporting the homeless, elderly, people with disabilities and people living with AIDS. The Department also promotes economic and community development, and enforces the nation’s fair housing laws.

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Brian Sullivan
(202) 708-0685

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