One small step for the people. Fannie Mae is stopping the practice of evicting the tenants who are living in rental properties that have been foreclosed on.
Makes sense right? The bank takes over the property which is earning income from renters, so why were they kicking them out in the first place?
This is a win for all of those renting who were getting thrown out on the street over something they had no control over.
The Washington Post says there are 4000 tenants living in Fannie Mae foreclosed properties.
Don't think Fannie Mae grew a brain or a heart so fast. This was a result of major pressure from legal aid groups.