Home / News / Foreclosure / Green River Capital, Atlas REO to Support Sales of Freddie Mac’s REOs
Print This Post Print This Post

Green River Capital, Atlas REO to Support Sales of Freddie Mac’s REOs

""Freddie Mac"":http://www.freddiemac.com said Wednesday that it has selected ""Green River Capital"":http://www.greenrivercap.com based in West Valley City, Utah, and ""Atlas REO Services"":http://www.atlasreo.com of San Diego, California, to provide sales and disposition support to HomeSteps.

""HomeSteps"":http://www.homesteps.com is the real estate sales unit of the McLean, Virginia-based GSE. HomeSteps markets Freddie Mac-owned REO homes nationwide through local real estate brokers.

Green River Capital and Atlas REO Services are specialty REO management and loss mitigation providers for mortgage servicers and other financial services companies. Freddie Mac says it has contracted the two firms ""to expand its capacity to handle expected increases in REO inflow volumes.""

Chris Bowden, HomeSteps VP, said, ""Green River Capital and Atlas REO Services have the experience and capacity to enhance HomeSteps' capacity to compete and excel in today's housing market. Their selection underscores our emphasis to work with proven real estate professionals who support our commitment to stabilize communities and be responsible stewards of taxpayer resources.""

Freddie Mac's HomeSteps has had a similar contract with Texas-based ""Vendor Resource Management"":http://www.vrmco.com/ (VRM) since 2006.

The three third-party vendors will support HomeSteps' core sales and disposition functions, such as valuation, market strategy, listing, and closing, the GSE explained in a press statement.

About Author: Carrie Bay

Carrie Bay is a freelance writer for DS News and its sister publication MReport. She served as online editor for DSNews.com from 2008 through 2011. Prior to joining DS News and the Five Star organization, she managed public relations, marketing, and media relations initiatives for several B2B companies in the financial services, technology, and telecommunications industries. She also wrote for retail and nonprofit organizations upon graduating from Texas A&M University with degrees in journalism and English.

Check Also

DS5 logo

DS5: Challenges Ahead for Foreclosure Attorneys

For this week's episode of DS5, Marissa Yaker, Managing Foreclosure Attorney for Padgett Law Group, discusses how foreclosure practices are preparing for the months ahead, as well as how the industry can work together to ensure compliance and efficiency.


Featuring daily updates on foreclosure, REO, and the secondary market, DS News has the timely and relevant content you need to stay at the top of your game. Get each day’s most important default servicing news and market information delivered directly to your inbox, complimentary, when you subscribe.