Obama administration expects new push for REO rentals

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The Obama Administration and the banking sector have been contemplating bulk sales of REO properties. For the most part, the private-sector real-estate industry favors individual cash sales to the highest bidder. This would move REO properties into the hands of entities that have the capital to improve them and then sell or rent them out.

Total REO liquidations wouldn’t drop below 1 million until 2015, according to BofAML. The Obama administration began work last month developing new strategies for selling this mass of properties, which may involve renting more of them. The Federal Housing Finance Agency is also working on a way to refinance more underwater borrowers to entice.

Articles in Category: HUD Regulations. June 25, 2019. hud brings fair housing act charges Against Minnesota Landlords. By Joe Wallace. Housing discrimination can affect potential borrowers and renters at any stage in the house-hunting or home seeking process.

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Fannie Mae: 3 reasons why this oil glut won’t crash housing The gradual but below-potential economic growth seen in 2012 is likely to continue in 2013 and into 2014, according to a new report from Fannie Mae. The mortgage-finance. despite the fact the.

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