New Vista Asset Management and Fannie Mae market foreclosuresMortgagePress.comPurchasing foreclosed properties
New Vista Asset Management (NVAM) and Fannie Mae are teaming up
to market foreclosures as affordable housing for minority and low-
to moderate-income families.
"We believe our partnership will demonstrate a more responsible
way to sustain homeownership opportunities within the minority
communities," said NVAM CEO Jim Park. "Our focus is to market and
sell these units directly to first-time and minority homebuyers,
using a national network of real estate professionals with deep
roots in those minority communities, as well as initiate
consumer-direct outreach efforts to pair up mortgage-ready
homebuyers to available real-estate-owned (REO) properties."
NVAM is a San Diego-based national REO management and marketing
company that provides outsourcing solutions to mortgage bankers,
mortgage investors and regulated financial institutions. For more
information, call (858) 453-8200 or visit http://newvistareo.com.
Fannie Mae is a government-sponsored enterprise based in
Washington, D.C. For more information, call (202) 752-7000 or visit