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In a new policy announcement, Fannie says it will now accept purchase offers for its REO immediately after listing,
Mortgage giant Fannie Mae is unhappy about the mounting thousands of REO houses it's stuck with, but now it's moving to sell off that inventory faster than it has in the past, potentially opening up some interesting opportunities for home buyers and their agents.
http://realtytimes.com/rtpages/20100111_washingtonreport.htm
... more

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