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2012-02-28 — mortgagenewsdaily.com
``Investors who have prequalified to purchase lender owned real estate (REO) under a program unveiled February 1 by the Federal Housing Finance Agency (FHFA) were notified on Monday about the next step in the program. FHFA announced that it will soon begin accepting applications from investors to demonstrate their financial capacity, experience, and specific plans for purchasing pools of Fannie Mae foreclosed properties...''
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