Obama administration expects new push for REO rentals

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Bernanke renews push for foreclosed rentals By. "Real-estate-owned to rental programs appear to have some potential for success.". he did not mention a recent Obama administration.

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The Obama Administration and the banking sector have been contemplating bulk sales of REO properties. For the most part, the private-sector real-estate industry favors individual cash sales to the highest bidder. This would move REO properties into the hands of entities that have the capital to improve them and then sell or rent them out.

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WASHINGTON (MarketWatch) – Federal Reserve Chairman Ben Bernanke on Friday made a renewed push for programs to convert foreclosed homes into rental units to help. However, he did not mention a.

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NEW YORK ( TheStreet) — The Obama Administration. rental plan, but as no program currently exists, it expects "ongoing experimentation and analysis" is key to the program. A government program.

“It’s a bad cycle,” said Carol Galante, a former top HUD official during the Obama administration. “It puts pressure on the rental market. He also said he would push to include funding to.

As the Obama administration continues to push for banks to work with beleaguered home owners, short sales have risen sharply, as foreclosures have declined. After having been in the low teens in early 2009, the number of short sales as a percentage of total home sales in Las Vegas rose to 22% in February of 2010.