Foreclosures

Fannie, Freddie announce you won’t be Homeless until after January 3rd

While mortgage servicers and lenders may still engage in legal activities related to foreclosure, affected families won’t be locked out of the homes. Freddie and fannie mortgage giants announced Monday that their annual eviction moratorium will run from December 17 through January 2.

Homeowners facing foreclosure won’t be evicted over the holiday season if their mortgages are owned by Fannie Mae FNMA, -2.50% or Freddie Mac FMCC, -4.13%

The two government-sponsored mortgage giants announced Monday that their annual eviction moratorium will run from December 17 through January 2.

While mortgage servicers and lenders may still engage in legal activities related to foreclosure, affected families won’t be locked out of the homes.

This step should bring “a greater measure of certainty,” Freddie said in a release.

“We encourage homeowners who may be struggling with their mortgage or facing possible foreclosure to reach out,” Fannie officials noted.

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Credit: Marketwatch

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Fannie, Freddie announce you won’t be Homeless until after January 3rd
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