Posts by Chris Bowden
James “Chris” Bowden is vice president of HomeSteps®, a unit of Freddie Mac. He is responsible for overseeing the disposition of the national portfolio of single-family homes Freddie Mac acquires through foreclosure. HomeSteps is headquartered in Freddie Mac’s Southwest Regional Office in Dallas. Bowden reports directly to Freddie Mac’s EVP of Single Family Portfolio Management Division Tony Renzi.
Stabilizing Communities Through Responsible REO Management
Community stabilization is a critical component of our work to support the nation’s housing recovery. Stable communities foster steady home values and safer neighborhoods, which are important contributing factors to the growth and prosperity of local economies and their residents.
At Freddie Mac, we help to stabilize communities in a number of ways, including our foreclosure prevention activities, our work with national and local nonprofits, and by practicing responsible REO management and disposition. Our REO strategies play a key role in stabilizing communities and neighborhoods by encouraging first-time homebuyers and owner-occupants to purchase REO properties – homes that we have maintained to offer quality housing opportunities for America’s families.
