Fannie Mae foreclosure moratorium to begin soon
G overnment-owned Fannie Mae says it will suspend foreclosure evictions during the holidays, from Dec. 19 through Jan. 2, 2012.
Fannie and Freddie Mac did something similar last year, but it seems like it was for the entire month of December…hmmmm
“The holidays are meant for families to spend time together, especially if they’ve gone through the stress of financial challenges and foreclosure,” Terry Edwards, executive vice president of Credit Portfolio Management for Fannie Mae, said in a statement. “No family should have to give up their home during this holiday season.”
Although the foreclosure process can continue during this time, Fannie Mae said there …
