A Gift From Fannie/Freddie

News

Both Freddie Mac and Fannie Mae have
announced the suspension of eviction lockouts for single-family and two- to
four-unit properties for the holiday season. 
The moratorium will begin December 17 and end January 2. 

Fannie Mae said it will allow legal and
administrative proceeding for evictions to proceed during the 16-day period,
but families will be allowed to remain in the home.

“We believe it is important to extend the
timeline of help for struggling borrowers during the holidays,” said Jacob
Williamson, Vice President of Single-Family Real Estate at Fannie Mae. “We
encourage homeowners who may be struggling with their mortgage or facing
possible foreclosure to reach out to Fannie Mae or your servicer to get help.
We want to help pursue those options whenever possible.”

The GSE’s said the suspension will apply to eviction lockouts on Freddie
Mac real estate owned homes but will not affect other pre-or-post-foreclosure
activities. Companies managing local evictions for Freddie Mac may continue to
file documentation
as needed during the suspension period.

Persons who think they may be affected by these suspensions or eligible for
disaster relief from either of the GSEs should contact their servicers or call
Fannie Mae or Freddie Mac for more information.

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