Freddie Mac and Fannie Mae is suspending foreclosure sales and evictions involving Freddie Mac/ Fannie Mae owned mortgages between November 26, 2008 and January 9, 2009 to give servicers more time to implement the Streamlined Modification Program announced earlier this month. "We're on track to help three out of every five troubled borrowers with Freddie Mac-owned loans avoid foreclosure this year," said Freddie Mac Chief Executive Officer David M. Moffett. "The temporary suspension builds on this momentum and will also give thousands of families a new measure of certainty during the holidays."
Please contact your mortgage lender for further details.
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