Fannie Mae and Federal Housing Finance Administration moving forward secretively with bulk sales program, C.A.R. says

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LOS ANGELES, CA – August 23, 2012 – (RealEstateRama) — The Federal Housing Finance Administration (FHFA) is moving ahead with its REO bulk sales pilot initiative in a highly secretive manner, despite vehement opposition from California congressional members, the negative economic impact to the state’s housing market, and cost to taxpayers, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today

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