Tuesday, December 11, 2012

Fannie and Freddie halt foreclosures for the holidays


NEW YORK (CNNMoney)

Homeowners facing foreclosure just received an early Christmas present: They won't be evicted from their homes over the holidays.

By Les Christie @CNNMoneyDecember 3, 2012: 2:13 PM ET


Mortgage giants, Freddie Mac (FMCC, Fortune 500) and Fannie Mae (FNMA, Fortune 500), announced Monday that they will suspend all bank repossessions beginning December 17 and December 19, respectively, and will not resume the evictions until January 2, 2013.

Read more here...Fannie and Freddie halt foreclosures for the holidays - Dec. 3, 2012

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