FHFA Announces Winning Investor in Chicago REO Pilot Initiative
By FHFA -

Washington, DC – October 3, 2012 – (RealEstateRama) — The Federal Housing Finance Agency (FHFA) today announced that The Cogsville Group, LLC has purchased 94 Fannie Mae properties in Chicago as part of a real estate owned (REO) pilot initiative. All properties were sold near or above market value.


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FHFA
http://www.fhfa.gov/

The Federal Housing Finance Agency (FHFA) was created on July 30, 2008, when the President signed into law the Housing and Economic Recovery Act of 2008.  The Act created a world-class, empowered regulator with all of the authorities necessary to oversee vital components of our country’s secondary mortgage markets – Fannie Mae, Freddie Mac, and the Federal Home Loan Banks.  In addition, this law combined the staffs of the Office of Federal Housing Enterprise Oversight (OFHEO), the Federal Housing Finance Board (FHFB), and the GSE mission office at the Department of Housing and Urban Development (HUD).

Contact:

1700 G Street, NW
4th Floor
Washington, DC 20552
Phone: (866) 796-5595

Corinne Russell
(202) 414-6921
Stefanie Mullin
(202) 414-6376

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