Thursday, March 5, 2009

Freddie Mac Officially Launches REO Rental Initiative for Tenants, Owner-Occupants After Foreclosure

/PRNewswire-FirstCall/ -- Freddie Mac (NYSE:FRE) today announced the official launch of its new REO Rental Initiative giving qualified tenants and former owners the option to lease their recently foreclosed properties on a month-to-month basis. The REO Rental Initiative will be managed by HomeSteps(R), Freddie Mac's national real estate unit, and implemented through several national property management firms.

Freddie Mac also announced it will continue to suspend.....

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