Fannie, Freddie, Citi Announce Holiday Foreclosure Eviction Moratorium

United Press International reports:

• [Last week] Fannie Mae, Freddie Mac joined Citigroup Inc. in announcing they will suspend evictions of foreclosed homeowners until after the holidays. [...] This year, Citicorp beat out Fannie and Freddie to the holiday moratorium PR prize. Citi suspended evictions for 30 days, until January 17, for some 4,000 former borrowers. [...] Not only were Fannie and Freddie 27 days later this year than last announcing their moratorium, they're giving families facing foreclosures only 15 days of holiday peace, [until] January 3, 2010. Tenants living in foreclosed properties backed by Fannie Mae mortgages will also not be subject to evictions during the holiday timeframe, according to Fannie Mae.

Source: Some Foreclosure Evictions Break for the Holidays.