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 www.fanniemae.com.