Fannie Mae to End Tenant Evictions in Foreclosures - December 15, 2008

From the Wall Street Journal - Fannie Mae is finalizing a national policy that will allow tenants to remain in their homes even if their landlord goes into foreclosure - a landmark decision for tenants.

The policy will be in effect Jan. 9, Fannie Mae said Sunday, and reflects growing pressure on the mortgage company from a legal-aid group that threatened to sue over recent evictions. The company said it will also ensure its current holiday moratorium on new evictions is being followed until the new policy takes effect.

Full article from the Wall Street Journal.