Colony Capital LLC is one of the winning bidders on a Fannie Mae REO sale sponsored by the Federal Housing Finance Agency (FHFA), according to bidders and other sources familiar with the matter.

The Los Angeles based investment firm was aggressive in purchasing REO and non-performing mortgages from the Resolution Trust Corp. back in the early 1990s. Advisors told NMN it isn’t surprising that Colony Capital would participate in the first GSE sale that is designed to turn foreclosed properties into rentals.  

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