New Deed For Lease Program Introduced by Fannie Mae

In an attempt to help homeowners avoid foreclosure, Fannie Mae has devised a plan that would allow eligible homeowners to rent their own homes. CNN reports that the mortgage company decided on Thursday to implement Deed for Lease, a program that lets homeowners transfer the deed back to their lender and then sign a lease [...]
Original article from http://trends.move.com/new-deed-for-lease-program-introduced-by-fannie-mae/