White House Seeks Ways to Stem Glut of Foreclosures

The Obama administration, aiming to boost a housing market showing little sign of recovery from the 2008 credit crisis, is seeking ideas for renting, selling or disposing of foreclosed homes controlled by the government.

The Federal Housing Finance Agency, regulator of Fannie Mae and Freddie Mac, U.S. Treasury Department and the Department of Housing and Urban Development announced the solicitation in a statement today.