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Thursday, February 23, 2012

Converting Foreclosures To Rentals To Help The Real Estate Market

Talking Points
·         In coming weeks, federal policy makers could roll out pilot programs to further test the concept of renting out single-family homes. 
·         There are two different types of programs that officials are likely to consider.  Under the first, the Federal Housing Administration could sell properties in bulk to investors who agree to rent them out. 
·         A more likely option for Fannie Mae and Freddie Mac would be to set up pools of properties in which third-party investors would take a stake.  Investors could be responsible for handling maintenance and day-to-day operation of the rental pool, with Fannie and Freddie sharing in some of the returns.

clear skies,
Doug Reynolds

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