It’s that time of year again—the holiday season. And, with the holiday season comes some kindness from Fannie Mae and Freddie Mac.
Just as they did in 2009, Fannie Mae will suspend foreclosure evictions from December 20, 2010 through January 3, 2011.
As reported by HousingWire, this government-sponsored enterprise routinely halts the foreclosure process during the holiday season. Fannie Mae holds $798 billion dollars worth of delinquent loans as of October of this year.
“Consistent with our practice in previous years, families will not be evicted from their homes during the holiday season,” Fannie Mae said in an e-mailed statement.
Freddie Mac made a similar announcement earlier in the month.