2009-01-13 — breitbart.com
Fannie Mae today announced the establishment of a new National Real Estate Owned (REO) Rental Policy that will allow qualified renters in Fannie Mae-owned foreclosed properties to stay in their homes. The company currently has an eviction suspension in place through the end of January which will allow for the new policy to be fully operationalized prior to the suspension concluding.
This is not, as you might think at first blush, a policy to actually mitigate foreclosures.
The next step is to offer this to live-in owners themselves!
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