Fannie Mae To Stop Tenant Evictions

Posted by Orb Staff on December 15, 2008 No Comments
Categories : Mortgage Servicing

Fannie Mae is reportedly preparing to release a new national policy that will allow tenants to remain in their homes even if their landlord enters foreclosure.

The policy would go into effect Jan. 9. According to the Wall Street Journal, Fannie Mae's decision reflects increasing pressure and threats of lawsuits from New Haven Legal Assistance, a New Haven, Conn.-based legal-aid group.

Source: Wall Street Journal

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