Getting your player ready...
WASHINGTON — Mortgage finance company Fannie Mae said Tuesday it has adopted a policy allowing renters to remain in their homes even if their landlord enters foreclosure.
The new policy will allow residents of about 4,000 properties to sign new leases with Fannie Mae while the property is up for sale.
Fannie Mae had indicated last month that it was planning to do so. Sibling mortgage financier Freddie Mac is working on a similar policy, company spokesman Brad German said.
