| Private-equity firms are buying up foreclosed homes to turn them into rental properties, with two firms recently pledging to invest $1 billion each in the next few years, according to Bloomberg.
The move builds on a recent push by the Obama administration to turn some 200,000 single-family, underwater homes into rentals to revive the housing market. This will include homes held by Fannie Mae and Freddie Mac, which holds about 32,000 homes that were foreclosed upon...............................................Full Article: Source
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