Fannie Mae launches site for struggling homeowners

Fannie Mae has launched a web site designed to help struggling homeowners understand and weigh their options for staying in or leaving their homes. The Know Your Options site, located at www.knowyouroptions.com, offers tools and practical information for homeowners who are facing foreclosure. Features include a self-guided options-finder tool called Know Your Options Now; a list of foreclosure-related resources, including videos, online calculators, frequently asked questions, and a glossary of terms; advice on avoiding foreclosure-rescue scams; and downloadable documents for tracking phone calls and other communications with lenders.