U.S. government converts 1st foreclosure to rental

WASHINGTON — The U.S. government has started selling off its stock of homes in foreclosure. The Federal Housing Finance Agency said Monday that a group of investors purchased the first of 2,500 homes being sold as part of a foreclosure-to-rental program. The government has control over roughly 250,000 foreclosed homes owned by Fannie Mae, 1 percent of ...

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