At a Senate hearing titled, “New Ideas to Address the Glut of Foreclosed Properties,” witnesses discussed several possible options for dealing with foreclosed properties and spurring recovery in the housing market. Witnesses shared varying opinions on the concept of Fannie Mae and Freddie Mac conducting bulk sales to investors. Laurie F. Goodman, senior managing director at Amherst Securities, said long-term investors “are the only potential buyers of many distressed homes that are likely to hit the market over the next 5-6 years.”
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