Fannie to Collect Rent from Tenants Living in REO Properties

"A previous foreclosure and eviction suspension to last until Jan. 9 was announced in November by government-sponsored entity Fannie Mae (FNM: 0.7008 -5.30%) 2008 and later — on Jan. 8 — extended to the end of January. Originally said to be a pause to allow time for the streamlined modification process (SMP) to activate on Dec. 15, the suspension also appears to have been the precursor for a new program announced Tuesday — a national real estate-owned (REO) rental policy — and a move by Fannie to essentially become a giant, government-controlled landlady."