WASHINGTON – Mortgage finance companies Fannie Mae and Freddie Mac are suspending foreclosures and evictions for about two weeks in a temporary break for borrowers during the holiday season.
The suspension, announced Thursday by the government-controlled companies, runs from Saturday through Jan. 3. “No family should have to face the prospect of being evicted during the holiday season,” Michael Williams, Fannie Mae’s chief executive, said in a statement.
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It’s always nice when the lenders suspend foreclosures during the holidays. It takes some stress off the struggling homeowners and allows them to enjoy the holidays with family…. Although I’m sure the banks are just trying to not make themselves look like the villains