Fannie, Freddie to Halt Foreclosure Evictions During Holidays

Register now

Fannie Mae and Freddie Mac will again halt evictions nationwide for foreclosed properties during the holiday season.

Both of the moratoriums issued by the government-sponsored enterprises begin December 19. Fannie's moratorium ends January 2, while Freddie's will last through January 3.

While evictions cannot occur during these time periods, other legal and administrative proceedings related to pre- or post-foreclosure activities may continue.

"Our announcement today is to help provide families with a greater measure of certainty during the upcoming holiday season," Chris Bowden, Senior Vice President of REO at Freddie Ma, said in a news release Monday. "Those who are facing possible foreclosure should reach out to their mortgage servicers and explore the alternatives that are in place to help homeowners year-round.

For reprint and licensing requests for this article, click here.
Servicing GSEs Foreclosures Secondary market REO Mortgage defaults