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.