Fannie, Freddie Call For Temporary Halt Of Its Foreclosures, Evictions

Bloomberg News reports:

• Fannie Mae and Freddie Mac, the mortgage-finance companies seized by the U.S. government, will suspend foreclosures and evictions over the holidays. The six-week halt will begin Nov. 26, a day before the U.S. Thanksgiving holiday, and last through Jan. 9, the companies said in separate statements today. The hiatus is designed to give servicers more time to implement a streamlined loan modification program for struggling borrowers.

For more, see Fannie, Freddie Suspend Foreclosures Through Jan. 9.