Foreclosure evictions suspended through the holidays

In an effort to help families facing a foreclosure in the midst of the holiday season, both Freddie Mac and Fannie Mae made announcements recently and suspended foreclosure evictions from December 19, 2009 through January 3, 2010. In Freddie Mac's announcement, the company said it will suspend all evictions involving foreclosed, occupied single family and two to four unit properties that had Freddie Mac-owned mortgages. Fannie Mae had no inclusions and said all owner-occupants and tenants living in foreclosed properties the company holds will not be subject to evictions during this time frame, and Fannie Mae said it will also support the efforts of the servicers it works with that are taking similar actions.