Investors Interested in Fannie's Foreclosed Homes

Washington, DC, March 19, 2012 -- Some big investors have shown interest in buying foreclosed properties being sold in bulk by Fannie Mae, according to a Wall Street Journal story.

Investors would be required to rent out the properties they buy from Fannie and not sell them for several years, the Journal story said.

The sale includes 2,500 homes in eight regional pools that have a current market value of $320 million, and the bids are due by mid-April, the Journal said.