Housing shouldn’t look at any color but the color of money

Housing shouldn’t look at any color but the color of money

People with bad credit and bad habits should be squeezed out of housing

Who is Nat Hardwick?

Former LandCastle Title CEO owns NASCAR team, rubs elbows with PGA pros

Lawsuit alleges former LandCastle Title CEO embezzled $30 million

Nat Hardwick allegedly used funds for private jets, gambling
W S
Servicing / The Ticker

PNC Financial Services suspends evictions for the holidays

/ Print / Reprints /
| Share More
/ Text Size+

Mortgage bank PNC Financial Services Group (PNC) is suspending evictions on occupied foreclosed homes during the holiday season.

The eviction moratorium will run from Dec. 19 through Jan. 2, the firm said. PNC, which invests in the residential mortgage banking space as well as asset management, may be an investor in properties where the owner is currently facing foreclosure.

The company's announcement arrives after Fannie Mae and Freddie Mac made the same provisions for distressed borrowers by promising no evictions during the holidays.

"We hope this suspension provides families who are experiencing financial hardship some stability over the holiday season," said Saiyid Naqvi, chief executive officer of PNC Mortgage.

kpanchuk@housingwire.com

Recent Articles by HousingWire Staff

Comments powered by Disqus