Fannie, Freddie Suspend Foreclosures Through Holidays

Fannie and Freddie will suspend foreclosures and evictions over the holidays.
The six-week halt will begin Nov. 26, a day before the U.S. Thanksgiving holiday, and last through Jan. 9, the companies said in separate statements 11-20-2008. The hope is that this time frame will allow mortgage servicers to implement a streamlined loan modification program for struggling borrowers. A short reprieve for struggling homeowners over this years holiday season.

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