Fannie Mae slams the door on abuses in foreclosure trade

New York

ONE of the biggest firms in the rent-to-own home business is now on the federal government's do-not-sell list.

Fannie Mae, the government-controlled mortgage finance giant, said on Tuesday that it had stopped selling properties to the firm, Vision Property Management, after conducting a review of the firm's rent-to-own programme, which operates in more than a dozen states.