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U.S. looks outside the box to stem housing glut

Posted on 12 August 2011

Shaun DonovanWith the real estate market continuing to drag down the economy, federal officials are seeking ideas from investors and others about ways to rent some of the nearly 250,000 foreclosed homes owned by government-controlled entities such as Fannie Mae.
The decision to solicit public comment came as the pace of foreclosures nationwide declined again last month, according to RealtyTrac Inc. in Irvine. The 4% drop in foreclosure filings from June, and 35% from a year earlier, was the 10th straight monthly decline……………………………………….Full Article: Source

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