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Fannie Mae to allow borrowers who are in foreclosure to lease back homes

by on November 7, 2009

In an effort to help keep housing inventory levels from increasing, Fannie Mae announced a new program that will allow borrowers who are in foreclosure to lease back their homes.  This will not only keep homes from the market but will allow Fannie Mae to generate some revenue to offset the huge losses, $18.9 billion [...]

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