Fannie Mae – New Website for Homeowners

Fannie Mae has a new website that helps to educate and assist homeowners who are struggling with their mortgage payments. The site, KnowYourOptions.com, outlines the choices available and provides guidance on how they can find solutions. … [Read more...]

Fannie Mae Increases Penalties for Borrowers Who Walk Away

News Release June 23, 2010 Fannie Mae Increases Penalties for Borrowers Who Walk Away Seven-Year Lockout Policy for Strategic Defaulters WASHINGTON, DC — Fannie Mae (FNM/NYSE) announced today policy changes designed to encourage borrowers to work with their servicers and pursue alternatives to foreclosure. Defaulting borrowers who walk-away and had the capacity to pay or did not complete a workout alternative in good faith will … [Read more...]

Fannie Mae’s Deed-for-Lease Program (D4L)

There are many programs available to help the 1 in 4 Americans facing foreclosure. D4L is one option that you many qualify to use. Fannie Mae's D4L program allows eligible borrowers facing foreclosure (or their tenants) to stay in their primary residences. Under D4L, the borrower transfers ownership of the property to the lender through a deed-in-lieu of foreclosure and the borrower (or the tenant) signs a lease for up to 12 months. See the … [Read more...]