Dodd Applauds Fannie Mae Decision

It's simply the right thing to do.

That is what Sen. Christopher Dodd, chairman of the Senate Committee on Banking, Housing and Urban Affairs, said about the recent decision by Fannie Mae to allow renters to remain in properties that have been foreclosed on by mortgage companies. 

The decision comes after Dodd urged James Lockhart, the director of the agency that oversees Fannie Mae and Freddie Mac, not to evict tenants who pay their rent on time but are living in foreclosed properties.

Dodd met Monday with renters and representatives of Hartford Legal Aid and New Haven Legal Aid to talk about the decision that was made by Fannie Mae. 

Evelyn Colon, of Hartford, attended the meeting. She was one of those who had been up-to-date on her rent payments but was threatened with evacuation because the property she lived in was in foreclosure.

Dodd said he hopes the decision is strong enough to make sure no one is forced out of their living quarters because the property is in foreclosure.

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