Fannie Mae opens satellite offices to sell foreclosures

Fannie Mae is rethinking how it will handle the tens of thousands of properties being repossessed as the real estate market continues to plummet.

To that end, it is opening two satellite offices, one in California and another in Fort Lauderdale, Fla., to manage and sell its foreclosed properties in those states, said Marilyn Kornfeld, a spokeswoman for the Washington, D.C.-based company.

Webmaster's Commentary: 

There is no truth to the rumor that Snidley Whiplash has been hired as CEO of the new operation.

Comments

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA