NPDC

[The Bob]

Any info on what Fannie is CURRENTLY paying on REO's?

 

[TerryRohrer]

I have not found any way to verify and/or quantify it, but I often see hints that the GSEs are selling delinquent loans to "investors." Sometimes, outfits like Blackrock are the beneficiaries, which is logical. They have significant political capital to invest and can provide lucrative, future employment to GSE insiders. Other times, the "victims" are minority owned/related entities in the market to get skinned (more efficiently than using sub-prime mortgages one borrower at a time). The upshot will very likely be few REO properties through channels we once viewed as "normal." Like the "biased appraiser" narrative, when liars, theives, and skunks have the power but no public scrutiny or access to the facts, what we see is what they choose to show us.

 

[TerryRohrer]

Or:

Why is this an appraisal topic?

Autism PDC

autismpdc.fpg.unc.edu

 

[The Bob]

Just to be clear:
National Property Disposition Center

 

[TerryRohrer]

Just to be clear:
National Property Disposition Center

Oh. I googled it and there were 14,000 other NPDCs that came up, but I didn't see that one!

 

[Tom D]

fannie doesn't pay anything. the mort servicing companies pay the foreclosure bills, if the question is about fees.

 

[Non Sequitur]

Just to be clear:
National Property Disposition Center

NPDC merged with NUC several years ago, it's just Default now.