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HomeBreadcrumbCalendarsBreadcrumbNational AffairsBreadcrumbUSA Affairs

Freddie Mac and Fannie Mae halt evictions for holidays

Monday 17 December 2012 to Wednesday 2 January 2013
United States

Published: 4 Dec 2012 | By Mohammed Sheriff and 1 other | Last updated: 4 Dec 2012
   
Freddie Mac and Fannie Mae halt evictions for holidays -
Fannie Mae Headquarters
flickr-futureatlas.com
Government owned financial service agencies Freddie Mac (FHLMC) and Fannie Mae (FNMA) suspend some foreclosures for the holiday period.


Fannie Mae stated that its eviction moratorium would apply to single-family homes and two-to four-unit properties from December 19, while Freddie Mac will suspend eviction from December 17.


"We are instructing our foreclosure attorneys to suspend pending eviction lockouts on foreclosed homes in order to provide a greater measure of certainty to families during the holiday season," said Tracy Mooney, Senior Vice President of Servicing at Freddie Mac.


The aid means families will avoid eviction for the holidays, but does not mean the foreclosure process will be put on hold. 


Freddie Mac stated that the firms which handle evictions for the company will continue filing foreclosure documents, enabling the eviction process to resume after January 2.

Sources
freddiemac.mediaroom.com freddiemac.mediaroom.com
fanniemae.com www.fanniemae.com
cbsnews.com www.cbsnews.com
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About this event
Created by Mohammed Sheriff
on Tue 4 Dec 2012
Modified by Yafit LazarLast modified by Yafit Lazar
on Tue 4 Dec 2012
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Location: United States
Start: Monday 17 December 2012
End: Wednesday 2 January 2013
Duration: 16 days
Planning: confirmed
Ended: 141 days ago

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