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Credit unions may find themselves increasingly playing the role of landlord, according to a recent Federal Reserve policy statement and a property management firm that serves credit unions.

The Fed released a policy statement April 5 clarifying its position on the rental of residential  real estate owned properties. The Fed doesn’t have authority over credit unions on the matter, but credit unions may be interested to know the paper ominously stated that “with mortgage delinquency rates remaining stubbornly high, the continued inflow of new real estate owned properties–expected to be millions more over the coming years–will continue to weigh on house prices for some time.”

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