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Friday, November 21, 2008

Fannie, Freddie Get into the Holiday Spirit

Aaaaaaaaw, how nice. Just in time for the holidays… Completely useless, but nice.

For Christmas this year, Santa is gonna let you stay in your home.

Fannie, Freddie Suspend Foreclosures Through Jan. 9 (Update2): “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.”