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.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.