Balanced Approach Needed to Dispose of REO Properties, NAHB Tells Congress

WASHINGTON, D.C. – September 20, 2011 – (RealEstateRama) — The National Association of Home Builders (NAHB) today urged the Administration and Congress to take a balanced approach in disposing of the large inventory of real estate owned (REO) properties held by Fannie Mae, Freddie Mac and the Federal Housing Administration to avoid further disruptions to pricing and markets and to limit further losses to the two government sponsored enterprises and the FHA.