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Obama administration expects new push for REO rentals

NEW FED PLAN: Sell Foreclosed Properties To Investors To Rent. – The Obama Administration, in conjunction with federal regulators and led by the overseer of Fannie Mae and Freddie Mac, are very close to announcing a pilot program to sell government-owned foreclosures in bulk to investors as rentals, according to administration officials.. There are currently about a quarter of a million foreclosed properties on the books of Fannie Mae, Freddie Mac and the.

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Why Obama Says Buying Your First Home Just Got More Affordable – The administration says it will also push 250,000 homes into the hands of those who may not be able to afford it otherwise. In all, Obama expects the move will affect 800,000 homeowners across the.

White House Should Require Nonprofit Participation in Bulk. – Should the Obama Administration require that nonprofits be in the mix when banks and the federal government do bulk sales of foreclosed properties? Should the Obama Administration require that nonprofits be in the mix when banks and the federal government do bulk sales of foreclosed properties?

A year into Baton Rouge flood recovery, how much more federal aid can Louisiana expect? – Louisiana leaders are still asking the federal government for more money to aid the recovery from last year’s historic floods, but a year after the storm it remains unclear how much more the state.

Bernanke calls for nationwide REO rental program Founded in 2008, Nationwide REO Services is a national property preservation company that provides repair, maintenance, and rehabilitation work for bankowned properties throughout the United States.

FHA Archives – Page 24 of 34 – DSNews – The administration sent out a request for information (RFI) in August asking how a government REO rental program might work. The industry has responded with enthusiasm, submitting a slew of.

Builders Coming Back to Life in Some Markets Seebeck has a strong background in civil engineering and worked with a number of major builders in Las vegas including harmony homes, Storybook Homes, and the now defunct Rhodes Homes. Tiring of.

Who will sit with Michelle Obama at the State of the Union address? – Among them are several people who personify themes of the Obama administration, including improving outcomes for young black men, a push to expand access to college. After a year, she was able to.

Obama administration begins work on new 'funding stream' for. – The Obama administration will begin work with Congress to develop a new "financing mechanism" to support rental and affordable housing, Department of Housing and Urban Development Secretary Shaun.

REO Archives – Page 100 of 188 – DSNews – Thirty-three senators have put out a letter encouraging the Obama administration and the Federal Housing Finance Agency (FHFA) to work quickly in developing a program to make vacant foreclosed.