Gov’t to Put Up Foreclosed Homes for Rent

The Federal Housing Finance Agency (FHFA), the agency that regulates Fannie Mae, Freddie Mac and 12 Federal Home Loan Banks, has invited investors to participate in its foreclosure-to-rental pilot program. Specifically, FHFA has invited investors to purchase approximately 2,500 Fannie Mae foreclosed properties with the condition that these purchased properties must be rented out for …

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