Fannie Mae, Freddie Mac enact mortgage moratorium

Washington Business Journal, November 20, 2008

Fannie Mae and Freddie Mac have told mortgage services to halt foreclosure sales on owner-occupied homes between Nov. 26 and July 9, 2009.

This moratorium is estimated to help more than 16,000 borrowers who would otherwise have been evicted during the holiday season.

Both companies — now owned by the federal government — say the moratorium will allow servicers to find the time to change the terms of mortgages that are now delinquent. Read More>>

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Tags: Fannie Mae, Foreclosure, Freddie Mac

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