Clayton Bank Tries Hand at Renting Out Homes

's Truman Bank has become a temporary landlord as foreclosures continue to trouble the real estate market, the St. Louis Post-Dispatch reported.

Quoting from the Post-Dispatch article:

"Banks becoming landlords is the latest fallout from the real-estate bust. It's a decision few banks have pursued locally or nationally, but some in the banking industry say it could pick up steam as financial institutions tire of fire-sale prices on foreclosed properties."

Read more about Truman's decision to rent out foreclosed properties and hear reaction from other people in the world of banking and finance in the complete Post-Dispatch article.