Thursday, November 19, 2009
FNMA DEED FOR LEASE PROGRAM (DL-4)
New program announced by Fannie Mae (Federal National Mortgage Association) to keep mortgage-challenged borrowers in their homes. Qualified borrowers relinquish the deed to their property and rent their home at market rate for 12 months. To read more about it, see Chris Thorman’s informative blog. Your comments are most welcome!