Fannie, Freddie Suspend Foreclosure for the Holidays, Gear Up to Implement Streamlined Modification Plans
November 25, 2008
Fannie Mae and Freddie Mac announced late last week they were suspending all foreclosure sales and evictions from single-family homes from Nov. 26, 2008, through Jan. 9, 2009, while they implement their recently announced Streamlined Modification Programs. Under their new foreclosure suspension programs, if the relevant property is occupied, the servicers and foreclosure attorneys...