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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Laws In Texas is a blog about the Financial Crisis and how the banks and government are colluding against the citizens and homeowners of the State of Texas and relying on a system of #FakeDocs and post-crisis legal precedents, specially created by the Court of Appeals for the Fifth Circuit to foreclose on homeowners around this great State. We are not lawyers. We do not offer legal advice. We are citizens of the State of Texas who have spent a decade in the court system in Texas and have been party to during this period to the good, the bad and the very ugly.

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