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Fannie Mae Ceases Eviction of Renters.(Managing REO)
Byline: Brian Collins
Washington-Fannie Mae has stopped all evictions of renters living in foreclosed single-family properties while it finalizes a new policy that will allow tenants to remain in their homes.
"Fannie is finalizing a new policy that will allow tenants in Fannie Mae-owned properties to stay in their homes if they can make their rental payments," said company spokesman Brian Faith.
Legal aid attorneys in Connecticut urged the government-sponsored enterprise to stop automatic evictions of tenants after a foreclosure. And Sen. Christopher Dodd, D-Conn., ...
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Source: HighBeam Research, Fannie Mae Ceases Eviction of Renters.(Managing REO)