Single Family Programs
The Portfolio Management division works with all loan servicers and oversees servicing performance and loss mitigation efforts. Additionally, the division oversees the maintenance, preparation for market and sale of REO properties. The division reaches out to mortgage servicers to provide loan modifications to financially challenged families to make them aware of their loss mitigation options.
- Processed 427 new REOs for fiscal year 2012-13, a 60 percent decline from the prior year.
- Sold 843 REOs, a 73 percent decline from last year as inventory continued to shrink.
- Reduced REO inventory to 102, a 73 percent decrease from the prior year.