The California Association of Realtors is livid over FannieMae's decision to begin to bulk offload REO Properties. In part, and quoted in the REALTOR Official Magazine, this was said:
"Fannie Mae and FHFA's decision to move forward with the REO bulk sale in California amounts to another gift to Wall Street at the expense of taxpayers," says LeFrancis Arnold, CAR’s president. "The deal, which calls for the sale of more than 400 foreclosed homes . . .
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