WASHINGTON, DC-Fannie Mae is all set to launch a borrower-facingoutreach site, which will provide distressed homeowners informationon foreclosure alternatives and retention strategies. The site willbe launched both in English and Spanish.

It will educate the borrowers on the mechanism of repayment,refinance, modification and forbearance options with the help of anonline calculator. The site also provides information onDeed-For-Lease program of Fannie Mae, which enables borrowers torent out the property after a deed-in-lieu of foreclosure.For the full story, go to Housingwire.

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