Deed for Lease

[Kevin_Kennedy]

Thousands of borrowers on the verge of foreclosure will soon have the option of renting their homes from Fannie Mae, under a policy announced Thursday.

The government-controlled company, through its new "Deed for Lease" program, will allow borrowers to transfer ownership to Fannie Mae and sign a one-year lease, with month-to-month extensions after that.

Fannie Mae to allow troubled borrowers to hand over deeds to homes, let former owners rent -- latimes.com

The government's newest ridiculous program that will only cause more problems.