Sorry!! The article you are trying to read is not available now.
HOT TAGS:  

Fannie to Rent to Owners in Foreclosure

Print comment Post Comments
WHERE'S FRANKLIN RAINES? ALSO, MR. ROPER?
"Fannie Mae will allow homeowners facing foreclosure to stay in their homes and rent them for as long as a year, as part of the government's latest effort to help troubled borrowers, while keeping more foreclosed properties from hitting the housing market," according to the Wall Street Journal. "I'm sure Fannie is hoping that when they sell the properties, the values will be higher," said David Berson, chief economist for PMI Group Inc., a mortgage insurer."

TICKERS