Fannie Mae will suspend foreclosure evictions from Dec. 20 through Jan. 3, 2011. The government-sponsored enterprise routinely halts the foreclosure process during the holiday season. Fannie currently holds a 4.56% serious delinquency rate on its mortgage portfolio, totaling more than $798 billion worth of loans as of October. “Consistent with our practice in previous years, families will not be evicted from their homes during the holiday season,” Fannie Mae said in an e-mailed statement. Freddie Mac made a similar announcement earlier in the month. The two companies recently cleared real estate agents to resume sales of foreclosed homes following a review of the foreclosure process in some states. Write to Jon Prior.
Fannie Mae to suspend foreclosure evictions for the holidays
Most Popular Articles
Latest Articles
Better taps Chad Smith as new president and COO
Holding company Better Home & Finance hired Chad Smith to be the president and chief operating officer of its mortgage business.
-
Assumable mortgage platform Roam partners with national lender on down payment assistance
-
Rental properties can help agents build a sphere of influence
-
The month in reverse mortgage rates: May 2024
-
DeSantis stamps changes to reverse mortgage tax requirements in Florida
-
NAR board votes to leave dues unchanged in 2025