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Freddie Mac to suspend foreclosure evictions this holiday season

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Freddie Mac will suspend foreclosure evictions from Dec. 20 to Jan. 3, 2011, the company announced Wednesday. Freddie Mac's mortgage portfolio stands at $39.6 billion as of October, according to its monthly summary report. Its serious delinquency rate stood at 3.82% in October as well. The eviction suspension will apply to any occupied single-family and two-to-four unit properties. "If the property is occupied, our foreclosure attorneys will suspend the eviction to provide a greater measure of certainty to families during the holidays," said Anthony Renzi, executive vice president of single-family portfolio management at Freddie Mac. The company recently cleared real estate agents to resume sales of foreclosed homes following a review of the foreclosure process in some states. Since the start of the foreclosure crisis, many lenders and the government-sponsored enterprises have implemented eviction moratoria during the holiday season. Write to Jon Prior.

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