Fannie Mae: "Deed For Lease" Program Will Let Thousands Rent

Courtesy Digg - Business & Finance  Thu, 11/05/2009 - 22:40

Thousands of borrowers on the verge of foreclosure will soon have the option of renting their homes from Fannie Mae, under a policy announced Thursday.

The government-controlled company, through its new "Deed for Lease" program, will allow borrowers to transfer ownership to Fannie Mae and sign a one-year lease.


 

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