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Obama administration expects new push for REO rentals

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Thirty-three senators submitted a letter Thursday encouraging the Obama administration and the Federal Housing Finance Agency (FHFA) to work quickly in developing a program to make vacant foreclosed homes available for rent.. The administration is currently sifting through responses to the request for information (RFI) it submitted in August regarding an REO rental program.

Experts react to Obama’s new housing plan. It should enthusiastically take up the HAMP and HARP expansions and the REO to rental effort.. "The Administration’s new proposals for. Rep. Mike Rogers pushing to prevent obama administration from reducing country’s nuclear arsenal. the unilateral New START treaty.

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Bills.com will update this page if Congress or Obama act on the REO to rental idea. of REO properties on the market. The Fed expects a 1 million new REOs in both 2012 and 2013, which will continue.

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He has pledged to renationalize public transportation, make university tuition free, institute strong rent control, and establish a national. than $100 billion worth of arms deals from the Obama.

Total REO liquidations wouldn’t drop below 1 million until 2015, according to BofAML. The Obama administration began work last month developing new strategies for selling this mass of properties, which may involve renting more of them. The Federal Housing Finance Agency is also working on a way to refinance more underwater borrowers to entice.

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The homepage of the servicing industry. Thirty-three senators have put out a letter encouraging the Obama administration and the Federal Housing Finance Agency (FHFA) to work quickly in developing.

“The new normal. to operate as rentals. He calls 2012 “The Year of the Landlord,” because rents will rise as the homeownership rate continues to fall and non-investors are unwilling or unable to.