twitter linkedin
facebook google+

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from

Mortgage News Reprints
Put entire stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed stories free on your Web site or for your RSS reader.

News Archives
Archive of stories by month going back to 1999.

Press Releases
Reports and announcements from

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News


Mortgage News

HOT Topics









site map

GSEs Suspend Foreclosure Evictions

Fannie, Freddie announce suspensions

Dec. 1, 2011

By staff

In what is becoming a holiday tradition, evictions on foreclosed properties are being suspended by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corp.

One year ago, Freddie Mac announced the suspension of evictions on occupied foreclosed properties during the holiday season.

A year earlier, both Freddie and Fannie Mae ordered their attorneys to suspend all evictions on foreclosed residential properties that were occupied.

In separate announcements issued Thursday, both government-sponsored enterprises said that all evictions on occupied single-family and two- to four-unit properites that they own would be suspended from Dec. 19 through Jan. 2, 2012.

McLean, Va.-based Freddie noted that the suspension will apply only to eviction lockouts tied to its real-estate-owned properties but won't affect other pre- or post-foreclosure processes.

"If the property is occupied, our foreclosure attorneys will suspend the eviction to provide families a greater measure of certainty during the holidays," Tracy Mooney, senior vice president of servicing and REO at Freddie, said in the statement.

Washington, D.C.-based Fannie said that legal and administrative proceedings for evictions may continue during the moratorium, but borrowers and tenants will be permitted to remain in the properties.

"No family should have to give up their home during this holiday season," Terry Edwards, Fannie's executive vice president of credit portfolio management, said in the secondary lender's news release.

As of Oct. 31, Freddie's total mortgage portfolio stood at $2.1 trillion, while Fannie reported a $3.2 trillion book of business.

Freddie Mac profile

Fannie Mae profile

next story

back to current headlines

Servicing News | Servicer Ranking | Delinquency Statistics
Stories about mortgage servicers, delinquency and f o r e c l o s u r e s. Coverage of servicing lawsuits and loan servicing technology.

GSE News | Fannie/Freddie Share Statistics
Fannie, Freddie and FHLB news. Coverage of government sponsored enterprise regulation, operations and litigation.

Logout forgot

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter


mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders