Nineteen members of California’s congressional delegation object to Fannie Mae and Freddie Mac selling foreclosed properties in their state to investors in bulk for conversion to rentals.

Fannie and Freddie’s federal regulator, the Federal Housing Finance Authority (FHFA), has said it will approve bulk sales only in markets where there’s a glut of properties on the market.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top