The Real Deal Logo

Trending

Compass adds 630 agents, acquiring firm that did $5B last yearCompass adds 630 agents, acquiring firm that did $5B last yearQuadReal buys out CA Ventures’ student housing QuadReal buys out CA Ventures’ student housing Related, Merrimac plan Waldorf Astoria condos in Pompano BeachRelated, Merrimac plan Waldorf Astoria condos in Pompano BeachOffice vacancy in San Francisco reaches a record high of 34%Office vacancy in San Francisco reaches a record high of 34%
South Florida

Fannie and Freddie postpone foreclosure-based evictions for holidays


From left: Fannie Mae CEO Michael Williams and Freddie Mac CEO Ed Haldeman

Sign Up for the undefined Newsletter

By signing up, you agree to TheRealDeal Terms of Use and acknowledge the data practices in our Privacy Policy.

Fannie Mae and Freddie Mac announced today that they will suspend foreclosure-based evictions during the Christmas and New Year’s holiday season this year, from Dec. 19 to Jan. 3. In a press release, Fannie Mae president and CEO Michael Williams said that the spirit of Christmas was integral to its decision. “No family should have to face the prospect of being evicted during the holiday season,” Williams said. A release from Freddie Mac echoed this sentiment, noting that the rough economic climate has put greater emphasis on charity during the winter season. “In these extraordinary times, we want to provide a greater measure of certainty to these families during the holidays,” Freddie Mac CEO Ed Haldeman said. The news comes on the heels of Citigroup’s announcement that they will suspend foreclosures for 30 days, from Dec. 18 to Jan. 17.TRD

Tags
Fannie MaeForeclosuresFreddie Mac