Your Landlord Fannie Mae
Fannie Mae is now allowing former owners to rent out their own foreclosed homes. The thinking behind this, according to the Wall Street Journal, is to “forestall the rash of foreclosed houses coming on the market,” which are lessening home values and obviously selling for very low prices. The program has critics, who say Fannie Mae is just avoiding the current reality of the still-sinking market in some areas. Check out the WSJ’s video:
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