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FCIC draws on a variety of sources to bring you useful consumer news, tips and advice.

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Freddie Mac to Let Residents Rent Homes After Foreclosure

Freddie Mac announces a first-of-a-kind plan that lets homeowners and tenants temporarily stay in homes in foreclosure by renting them back, an effort to stop many of the sudden evictions that have come along with the housing crisis. The program will let thousands of qualified former homeowners, as well as families renting from landlords, enter into a monthly lease on their homes after they have been acquired by Freddie Mac through foreclosure. Read more...

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