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The nation's big banks are following Fannie Mae and Freddie Mac by deciding to halt foreclosure evictions for the holidays.
American Banker reports that Wells Fargo ($40.11 0.2299%), U.S. Bancorp ($35.32 0.65%), PNC Financial Services Group ($71.32 -0.19%), Bank of America ($13.55 0.1185%), SunTrust ($32.43 0.55%) and Citigroup ($51.91 0.46%) announced plans to halt evictions until after the new year.
U.S. Bank, PNC and Citigroup will halt foreclosure move-outs from Dec. 17 through Jan. 2, American Banker said. Wells Fargo and SunTrust have moratoriums that will run another two days longer.
Click here to read more from American Banker.
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