Fannie Mae Announces Deed For Lease Program!

An initiative has been announced by Fannie Mae dubbed Deed for Lease which will offer leasing your home back from Fannie Mae for up to 12 months with the possibility of renewal as long as the homeowners are willing to deed their property back to the mortgage giant and meet other conditions imposed by the program

To qualify, homeowners must have had their homes financed with mortgages guaranteed by Fannie Mae and must be ineligible for a modification of their loan terms.