Entries from November 2008

November 24, 2008

Fannie, Freddie Suspend Some Foreclosures

Fannie, Freddie Suspend Some Foreclosures
Fannie Mae and Freddie Mac will halt foreclosures of occupied dwellings from Nov. 26 to Jan. 9 so that servicers have more time to develop workout plans for struggling borrowers.
The plan could buy extra time for approximately 16,000 borrowers to try to save their homes, according to the mortgage giants, [...]