| As part of a strategy to improve the U.S. housing market, President Obama announced Wednesday a pilot program that would allow investors to buy in bulk large numbers of foreclosed properties currently owned by Fannie Mae and Freddie Mac.
The renewed focus on strengthening the housing market is critical if the overall economy is going to improve. Despite some positive signs at the end of 2011, the U.S. housing market continues to be a drag on the nation’s overall economic recovery...............................................Full Article: Source
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