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Fannie Mae now renting homes      5-Nov-09 12:36 pm    
Why buy a house when the Taxpayers ...oops, I mean Fannie Mae will rent you one?

Just imagine the administrative Nightmare (and Embezzlement) this will result in?

"The government-controlled company, through its new "Deed for Lease" program, will allow borrowers to transfer ownership to Fannie Mae and sign a one-year lease, with month-to-month extensions after that."

http://news.yahoo.com/s/ap/20091105/ap_o...


The key phrase here is "government controlled..."

GL!
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throwmammaf...

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Fannie Mae now renting homes
throwmammaf... Not rated 5-Nov-09 12:36 pm  
 
AIN'T IT A HOOT:)
godot769 (1 Rating) 5-Nov-09 12:38 pm  
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