fanne mae's new deed for lease program...FYI

[Tiny]

The government as our largest landlord? It makes one wonder what these lease payments will be based on, surely they won't undercut going market rents

Servicing Guide Announcement 09-33: New Deed-for-Lease Program

Fannie Mae has issued the following Announcement:

* 09-33: New Deed-for-Lease Program

On November 5, 2009, Fannie Mae issued Servicing Guide Announcement 09-33: New Deed-for-Lease™ Program. This announcement introduced the Deed-for-Lease Program (D4L), which allows qualified borrowers with properties transferred through deed-in-lieu of foreclosure (DIL) or their tenants to remain in their home by executing a lease in conjunction with a DIL.

Link to whole release...

https://www.efanniemae.com/sf/guides.../2009/0933.pdf
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