Fannie Mae is offering a bulk package of 270 REO properties, one of few bulk offerings by the GSE this year, according to a bidder who has seen the offering circular. The package hit the market last week. Over the past two years Fannie has sold many of its real estate-owned properties one or two at a time. Roughly 30% of the bulk package includes homes in the Rust Belt, said the bidder, requesting his name not be used. The homes carry an average BPO (broker price opinion) of $25,000. A Fannie spokeswoman could not provide details at press time but noted that during the first nine months of the year the GSE sold 89,691 REO properties while acquiring title to 98,428. Last year it sold 64,843.
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