Homeowners may be able to rent

November 5, 2009 6:18:21 PM PST
Thousands of homeowners who don't qualify for a loan modification, may soon be able to rent their homes from Fannie Mae.

MOST POPULAR: Video, stories and more
SIGN-UP: Get breaking news sent to you from ABC7

The government controlled company says it will allow borrowers to transfer ownership of their homes to Fannie Mae then sign a one year lease.

The program is intended to help those who want to stay in their homes, but don't qualify for the Obama home modification program.

       Today's latest headlines | ABC7 News on your phone
Follow us on Twitter | Fan us on Facebook | Get our free widget