Homes in the Las Vegas area sold at the fastest pace for an April in seven years due, in large, to investor and cash buying...
Lender Flagstar Bancorp is reportedly considering the sale of $70 billion in mortgage servicing rights. Bloomberg reported on...
Freddie Mac is stepping out on its own and talking with institutional mortgage-bond investors about selling off hundreds of distressed single-family properties in its portfolio, Reuters news said Wednesday.
The discussions center around the possibility that investors will buy the properties and convert them into rental homes, Reuters reported.
It's a fast-tracked version of government proposed foreclosure-to-rental programs. The report does not say a deal is finalized, but suggests discussions are serious.
-- Kerri Panchuk
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