February 19,2002

MORTGAGEE LETTER 2002-05

TO: ALL APPROVED MORTGAGEES

SUBJECT: Single Family Real Estate Owned (Property Disposition)

National Management and Marketing Contracts

This Mortgagee Letter updates Mortgagee Letter 2001-06, dated February 21, 2001, to reflect a change in the address of two Management and Marketing contractors for their respective territories. Effective immediately, please forward all documentation for:

Ohio, Michigan, Maryland, North Carolina, South Carolina, West Virginia and Alaska to:

Michaelson, Connor & Boul

5312 Bolsa Avenue, Suite 200

Huntington Beach, CA 92649

Phone: (714) 230-3600

FAX: (714) 230-3699

EMAIL ADDRESS:

Idaho, Oregon and Washington to:

Golden Feather Realty Services, Inc.

1600Sacramento Inn Way, Suite 220

Sacramento, CA 98515

Phone: (916) 922-2262

FAX: (916) 922-8009

EMAIL ADDRESS:

Preservation and protection requests and extensions of time

requests should be sent to:

Golden Feather Realty Services, Inc.

3101 W. Peoria Avenue, Suite 101

Phoenix, AZ 85029

Phone: (602) 548-0084

FAX: (602) 548-0911

EMAIL ADDRESS:

The following is a restatement of the existing Management and Marketing contractors and their respective territories:

Alabama, Georgia and Mississippi are handled by:

Best Assets-CitiWest JV

3420 Norman Berry Drive, Suite 600

Atlanta, GA 30354

Phone: (404) 768-1400

FAX: (404) 768-4010

EMAIL ADDRESS:

Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont are handled by:

CitiWest Properties

330 Main Street

Hartford, CT 06106-1866

Phone: (860) 244-2783

FAX: (860) 244-2798

EMAIL ADDRESS:

Alaska, Ohio, Michigan, Maryland, North Carolina, South Carolina and West Virginia are handled by:

Michaelson, Connor & Boul

5312 Bolsa Avenue, Suite 200

Huntington Beach, CA 92649

Phone: (714) 230-3600

FAX: (714) 230-3600

EMAIL ADDRESS:

New York, New Jersey, Delaware, the District of Columbia and Virginia are handled by:

First Preston Foreclosure Specialists

One Sentry Place

475 Sentry Parkway, Suite 5000

Blue Bell, PA 19422

Phone: (484) 530-0700

FAX: (484) 530-0794

EMAIL ADDRESS:

Pennsylvania is handled by:

Golden Feather Realty Services

1600Sacramento Inn Way, Suite 220

Sacramento, CA 95815

Phone: (916) 922-2262

FAX: (916) 922-8009

EMAIL ADDRESS:

Preservation and protection requests and extensions of time requests

should be sent to:

Golden Feather Realty Services, Inc.

3101W. Peoria Avenue, Suite 101

Phoenix, AZ 85029

Phone: (602) 548-0084

FAX: (602) 548-0911

EMAIL ADDRESS:

Illinois, Indiana, Kentucky and Tennessee are handled by:

Golden Feather Realty Services

2500 Michelson, Suite 100

Irvine, CA 92612

Phone: (949) 477-6300

FAX: (949) 477-2225

EMAIL ADDRESS:

Preservation and protection requests and extensions of time

requests should be sent to:

Golden Feather Realty Services, Inc.

3101 W. Peoria Avenue, Suite 101

Phoenix, AZ 85029

Phone: (602) 548-0084

FAX: (602) 548-0911

EMAIL ADDRESS:

Florida, Puerto Rico and the Virgin Islands are handled by:

Southeast Alliance of Foreclosure Specialists

3280 Pointe Parkway, Suite 1000

Norcross, GA 30092

Phone: (678) 832-1000

FAX: (678) 832-1015

EMAIL ADDRESS:

Colorado, South Dakota, Wyoming, New Mexico, Texas and Utah are handled by:

First Preston Foreclosure Specialists

5040 Addison Circle, Suite 400

Addison, TX 75001

Phone: (972) 788-1100

FAX: (972) 419-5415

EMAIL ADDRESS:

Montana, North Dakota, Minnesota, Wisconsin, Iowa and Nebraska are handled by:

First Preston Foreclosure Specialists

5040 Addison Circle, Suite 400

Allison, TX 75001

Phone: (972) 788-1100

FAX: (972) 419-5415

EMAIL ADDRESS:

Kansas, Missouri, Arkansas, Oklahoma and Louisiana are handled by:

First Preston Foreclosure Specialists

1888 Sherman Street, Suite 375

Denver, CO 80203

Phone: (303) 830-0777

FAX: (303) 830-1003

EMAIL ADDRESS:

The California counties of Inyo, Mono, Orange, Riverside, San Bernardino, Los Angeles,

San Luis Obispo, Santa Barbara, Ventura, Imperial and San Diego are handled by:

Golden Feather Realty Services

2500 Michelson, Suite 100

Irvine, CA 92612

Phone: (949) 477-6300

FAX: (949) 477-2225

EMAIL ADDRESS:

Preservation and protection requests and extensions of time

requests should be sent to:

Golden Feather Realty Services, Inc.

3101 W. Peoria Avenue, Suite 101

Phoenix, AZ 85029

Phone: (602) 548-0084

FAX: (602) 548-0911

EMAIL ADDRESS:

The California counties of Merced, Kern, Tulare, King, Fresno, Madera, Mariposa, Stanislaus, Alameda, Contra Costa, Del Norte, Humboldt, Lake, Marin, Mendocino, Monterey, Napa, San Benito, Santa Clara, San Francisco, San Mateo, Santa Cruz, Solano, Sonoma, Alpine, Amador, Butte, Calaveras, Colusa, El Dorado, Glenn, Lassen, Modoc, Nevada, Placer, Plumas, Sacramento, San Joaquin, Shasta, Sierra, Siskiyou, Sutter, Tehama, Trinity, Tuolumne, Yolo, Yuba; and, the Nevada counties of Northern Nye, Pershing, Storey, Washoe, White Pine, Mineral, Lyon, Lander, Humboldt, Eureka, Esmerelda, Elko, Douglas, Churchill and Carson City are handled by:

Golden Feather Realty Services

1600 Sacramento Inn Way, Suite 220

Sacramento, CA 95815

Phone: (916) 922-2262

FAX: (916) 922-8009

EMAIL ADDRESS:

Preservation and protection and extension of time

requests should be sent to:

Golden Feather Realty Services, Inc.

3101 W. Peoria Avenue, Suite 101

Phoenix, AZ 85029

Phone: (602) 548-0084

FAX: (602) 548-0911

EMAIL ADDRESS:

Idaho, Oregon and Washington are handled by:

Golden Feather Realty Services, Inc.

1600 Sacramento Inn Way, Suite 220

Sacramento, CA 95815

Phone: (916) 922-2262

FAX: (916) 922-8009

EMAIL ADDRESS:

Preservation and protection requests and extension of time

requests should be sent to:

Golden Feather Realty Services, Inc.

3101 W. Peoria Avenue, Suite 101

Phoenix, AZ 85029

Phone: (602) 548-0084

FAX: (602) 548-0911

EMAIL ADDRESS:

Arizona and the Nevada counties of Southern Nye, Clark and Lincoln are handled by:

First Preston Foreclosure Specialists

1520 Nutmeg Place, Suite 112

Costa Mesa, CA 92626

Phone: (714) 241-1096

FAX: (714) 241-1051

EMAIL ADDRESS:

Hawaii is handled by:

PEMCO, Ltd.

1632 South King Street, Suite 100

Honolulu, Hawaii 96826

Phone: (808) 949-0414

FAX: (808) 955-0414

EMAIL ADDRESS:

Alaska is handled by:

Michaelson, Connor, & Boul

5312 Bolsa Avenue, Suite 200

Huntington Beach, CA 92649

Phone: (714) 230-3600

FAX: (714) 230-3699

EMAIL ADDRESS:

Mortgagees must take the appropriate steps to effect these changes immediately. Please direct any questions to Wanda Sampedro of the Office of Single Family Asset Management, Headquarters, at (202) 708-1672.

Sincerely,

______

John C. Weicher

Assistant Secretary for Housing-

Federal Housing Commissioner

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