10 November 2009 –Fannie Mae is primed to become a landlord on a national scale. Last Thursday, Fannie Mae announced a new program that would allow current home owners in foreclosure to stay in their homes by signing a 1-year rental agreement. After the lease expires, homeowners could then enter a month-to-month lease. This would make Fannie Mae the largest property manager in the country. While this program may keep some foreclosed homeowners from going homeless, the policy may also depress local property values. The announcement comes on the heals of Fannie Mae asking the federal government for another $15 billion in bailout money. So, who do the tenants call when the heat goes out or when a water main bursts?Email This Post To a Friend.