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Phisherman

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Phisherman

Re: None

Friday, 01/09/2009 12:02:48 PM

Friday, January 09, 2009 12:02:48 PM

Post# of 796389
FANNIE TESTS 'SHORT SALES' TO AVOID FORECLOSURES
Fannie Mae (FNM:$0.7634,$-0.0266,-3.37%) is testing a new program to stave off foreclosures by preapproving 'short sales' of homes, in which mortgage companies allow homeowners to sell houses for less than the value of existing loans, forgiving the difference.

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