Freddie Mac to suspend foreclosure evictions this holiday season
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.