Participating Financial Institutions
In communities where foreclosures are disproportionally located in specific neighborhoods, local housing providers and developers need access to concentrations of as many distressed properties as possible in order for acquistion and renovation activities to make a sustainable impact.
Coordinated participation from the financial institutions that are managing distressed assets nationwide increases the likelihood of community efforts to be successful. The Stabilization Trust establishes working relationships with financial institutions to show REO properties to local housing providers through the REO Property Acquisition Program, on both a First Look and Listed basis.
The following financial institutions are working with the Stabilization Trust:
American Home
Aurora
Bank of America
Bryce Peters
Carrington
Chase
Citigroup
CoreLogic
Fannie Mae
FDIC
Flagstar
Fortress
Freddie Mac
GMAC
HUD/FHA
IndyMac
Iserve
Litton
Nationstar
Ocwen
PNC Bank
Quadrant
Quantum
Redbrick
Saxon
SunTrust
US Bank
Vericrest
Wells Fargo
(Denotes First Look financial institution)
New financial institutions are being added on a continual basis. Please contact the Stabilization Trust if you are a REO seller representative interested in showing properties through the Stabilization Trust.
