Wednesday, November 23, 2005


Fannie Mae and FEMA reach deal

WASHINGTON - FEMA settled a disagreement Wednesday with one of the nation‘s largest mortgage lenders to help 1,500 Hurricane Katrina families into rent-free houses for 18 months.
Responding to a complaint by a Democratic congressman, the Federal Emergency Management Agency said it would take Fannie Mae up on its offer to provide 1,500 homes — many of them single-family houses — to Katrina evacuees.

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