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After early loan modification efforts and the homebuyer tax credit, the Obama administration has begun discussing new potential policy prescriptions aimed at helping further revive the housing market. Allowing Fannie Mae and Freddie Mac to rent, rather than sell, their inventory of foreclosures in hopes of relieving pressure on housing prices is among the ideas being discussed. Other ideas focus on boosting lending and managing the excess supply of foreclosed properties. Still, though the administration says they are always looking at new ways to strengthen housing, they are not proposing any particular policy at this time. More here.
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