According to WH sources, the Obama Administration and the FHFA are close to announcing a pilot...

|By:, SA News Editor

According to WH sources, the Obama Administration and the FHFA are close to announcing a pilot program to sell some of the 250K (with millions more in the pipeline) Frannie-owned foreclosures in bulk to investors. Expected to start in the near-future, officials are working on details, including what experienced private investors the government can partner with.