Fannie to Rent to Owners in Foreclosure

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6 votes

Jk_and_iron_mam_comment_thumb Posted By: Jon Klaus, 16 days ago (Report Spam)
Category: Housing / Type: News
Source: online.wsj.com

Fannie Mae will allow homeowners facing foreclosure to stay in their homes and rent them for up to one year in a new program to help troubled borrowers.

Comments

At 02:32AM on November 17, 2009 - Jim Wineinger said...

Sounds like a lobbying group of the Professional Management group have been busy. They are the real ones to benefit from this.

At 12:37PM on November 06, 2009 - Will Barnard said...

I cant wait until Fannie gets a call at 2 am to fix a leaky toilet!

At 12:36PM on November 06, 2009 - Will Barnard said...

Oh, so now it is ok for mortgage holders to be in the RE investment business and note the note business? This appears to be just another step in the direction to overtake us investors.

At 04:47AM on November 06, 2009 - Jon Klaus said...

Designed for those who can't afford mortgage, but can afford market rent. Hmmm, who is going to fix the plumbing and AC?