by Moe Bedard
Fannie Mae is cutting hundreds of local jobs at its Washington headquarters as it adds workers to combat foreclosures.
Fannie said it’s cutting jobs in its communications, technology and single-family homes divisions and adding staff to its Dallas division where Fannie Mae operates their foreclosure prevention and loss mitigation efforts. The job reductions in Washington are [...]
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by Moe Bedard
“Renters in foreclosed properties have often been a casualty of the foreclosure crisis the country is facing,” said Michael Williams, chief operating officer of Fannie Mae. “This policy will allow qualified renters to remain in Fannie Mae-owned properties should they choose to do so, mitigate the disruption of personal lives that foreclosures can cause, and help bring a measure of stability to communities impacted by high foreclosure rates.
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