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.....
http://georgiahousing.blogspot.com/2009/03/freddie-mac-officially-launches-reo.html

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Fannie Mae Announces National REO Rental Policy

Fannie Mae (NYSE:FNM) today announced the establishment of a new National Real Estate Owned (REO) Rental Policy that will allow qualified renters in Fannie Mae-owned foreclosed properties to stay in their homes. The company currently has an eviction suspension in place through the end of January which will allow for the new policy to be fully operationalized prior to the suspension concluding.....More

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