Thursday, November 5, 2009

Fannie Mae to rent out homes instead foreclosing - Yahoo! News

 

Fannie Mae, Freddie Mac ...  Deed for Lease" program, will allow borrowers to transfer ownership to Fannie Mae and sign a one-year lease, with month-to-month extensions after that.

Freddie Mac, launched a similar effort in March. That policy, however, requires the foreclosure to be complete and only allows month-to-month leases

Click on the following for the rest of the story:   Fannie Mae to rent out homes instead foreclosing - Yahoo! News

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