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Fannie To Extend Moratorium On Foreclosure Evictions; Freddie Mum On Further Action

By r morris

The Wall Street Journal reports: Fannie Mae is finalizing a national policy that will allow tenants to remain in their homes even if their landlord goes into foreclosure -- a landmark decision for tenants. The policy will be in effect Jan. 9, Fannie Mae said Sunday, and reflects growing pressure on the mortgage company from a legal-aid group that threatened to sue over recent evictions. The

Full post as published by The Home Equity Theft Reporter on December 15, 2008 (boomark / email).