The Seattle Times Company

NWjobs | NWautos | NWhomes | NWsource | Free Classifieds |

Real estate

Our network sites | Advanced

Originally published Friday, December 3, 2010 at 5:00 PM

Comments (0)     E-mail E-mail article      Print Print      Share Share

Freddie, Fannie offer holiday gift

MCLEAN, Va. — Freddie Mac said it will suspend foreclosure evictions from Dec. 20 through Jan. 3.

The move applies only to those homes that have mortgages backed or guaranteed by Freddie Mac.

This is the third straight year Freddie Mac has suspended evictions during the holiday season.

Fannie Mae, its sibling company, also won't evict people over the holidays, said company spokeswoman Janis Smith. Fannie has yet to put out a news release regarding the suspension.

Washington-based Fannie Mae and Freddie Mac own or guarantee about half of all U.S. mortgages.

They purchase home loans from lenders, package them into bonds with a guarantee against default and sell them to investors.

E-mail E-mail article      Print Print      Share Share

More Real Estate

NEW - 10:00 PM
Reverse mortgages get more affordable, but be careful

UPDATE - 10:00 PM
Nation's Housing: Too much of a good deal?

UPDATE - 7:52 PM
Guardian to represent ailing Mastro in bankruptcy case

House members spar over efforts to avert foreclosures

NEW - 10:00 PM
Spring-cleaning tips for the garage

More Real Estate headlines...

News where, when and how you want it

Email Icon

No comments have been posted to this article.




AP Video

Entertainment | Top Video | World | Offbeat Video | Sci-Tech