Fannie Mae calls its latest REO home sales program "First Look", which clearly favors "owner occupants" and penalizes real estate investors!   That's because the "first look" at all of Fannie's new REO listings, starting this month, will now go to home buyers who plan to occupy the units they purchase, or to local public agencies participating in "neighborhood stabilization" or community development programs. When Fannie lists foreclosed houses for sale through a participating real … [Read more...]