| Under a proposal the Obama administration is making, the U.S. federal For Rent government would become the nation's biggest landlord by renting out almost 250,000 foreclosed homes Freddie Mac, Fannie Mae and the Federal Housing Administration currently own.
The proposal could make the Federal Housing Finance Agency, started by the Obama administration to administer Fannie Mae and Freddie Mac the primary regulator of such a plan. But the giant mortgage lenders are plagued with problems after being taken over and bailed out by the feds in 2008..............................................Full Article: Source
|