From CBS Reno:
Nevada Senator Dean Heller has presented a bill aimed at helping families in foreclosure – and the housing market as a whole.
If approved, the “Keeping Families in their Home Act” would let Fannie Mae and Freddie Mac offer long-term leases for foreclosures. That way families can stay in their homes as renters — and hopefully ease the pressure foreclosures put on home values.
A similar bill was presented in the House of Representatives last summer. It received bipartisan support.