Can Quicken Loans save Detroit?

Can Quicken Loans save Detroit?

Forbes: “Dan Gilbert is saving Detroit to help his business”

Suspect arrested in case of missing Arkansas Realtor

No word on Beverly Carter; suspect is on parole for theft

Monday Morning Cup of Coffee: Love or loathe – Reverse mortgages, Holder’s legacy

Plus, a week of critical housing and mortgage finance metrics ahoy
W S
Servicing / The Ticker

Fannie Mae begins eviction moratorium next week

Temporary halt for the holidays

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

Fannie Mae will begin its yearly eviction moratorium on December 18.

The eviction process will resume on January 3.

Most mortgage firms with servicing operations institute such a moratorium for the holidays, though Fannie Mae is the first to announce.

It is important to note that administrative proceedings still continue, though families are just allowed to remain in their home.

Terry Edwards, Chief Operating Officer for Fannie Mae said families should be aware of this and hopes the moratorium will help to relieve any anxiety felt by the homeowners.

"We encourage any homeowner who is having difficulty making their mortgage payment to reach out for help right away," Edwards said in a statement. "Fannie Mae will continue to help borrowers avoid foreclosure whenever possible."

Recent Articles by Jacob Gaffney

Comments powered by Disqus