Foreclosure rates in the greater Miami area remain astonishingly high, but they’re headed in the right direction. In March, 13....
A debate is stirring in Michigan over legislation that aims to shorten the redemption period for homeowners in foreclosure, The...
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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