Articles About REO Deals
- Author:
- Tom Silva
- Posted:
- 01.24.2012
Government Wants to Sell Foreclosed Properties in Bulk as Rentals
The Obama administration plans to work closely with federal regulators, Fannie Mae and Freddie Mac to start a pilot program to sell government-owned foreclosures in bulk to investors as rentals, according to administration officials. There currently are approximately 250,000 foreclosed properties on the books of Fannie Mae, Freddie Mac, and the Federal Housing Administration (FHA), […]