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Land bank wants Fannie, Freddie to donate homes

Thursday, September 25, 2014
Chicago Tribune
by Mary Ellen Podmolik,

The Cook County Land Bank may have as many as 30 properties in its portfolio by year's end, but it is aiming much higher for 2015 and expects Fannie Mae and Freddie Mac to help its efforts.

The land bank is calling on the two agencies and their overseer, the Federal Housing Finance Agency, to provide a list of foreclosed homes owned by Fannie and Freddie, and then to consider donating those properties and paying for demolishing some.


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