Fannie & Freddie Suspend Foreclosures for the Holidays

November 21, 2008

Fannie Mae and Freddie Mac are temporarily suspending foreclosures and evictions during the holiday season.  The companies say it’s part of an effort to include more people in a recently announced program to re-write mortgage loans for the most distressed borrowers.  The video above is a report from WFLA TVwhich outlines the effort.  Tampa attorney Jill Bowman expressed some skepticism about the long-term benefit.