Fannie Mae Working on Mortgage Plan

Fannie Mae will allow more struggling homeowners to sell their homes for less than they owe on their mortgages in a gambit that could hit the mortgage finance company with upfront losses. However, it may stave off a massive hemorrhage from foreclosures. It is really a shame the way the housing market has gone. So many people losing their homes. It is really a very sad situation. I can see where some people may have bought a house they couldn't afford in the first place, but many could afford their homes and then lost their jobs.