Wednesday, November 26, 2008
Home foreclosures suspended by Fannie and Freddie for the holidays
On Thursday, mortgage giants Fannie Mae and Freddie Mac decided to suspend foreclosures for about 16,000 households during the holiday season starting Thanksgiving and lasting until January 9. That period will be used to evaluate if some borrowers qualify for a new loan modification program designed to change the loan terms on hundreds of mortgages that are at least 90 days past due.
Yeah! Otherwise, instead of Santa, it would have been the repo man coming down from the chimney at any moment.
Original story in Detnews.com
Yeah! Otherwise, instead of Santa, it would have been the repo man coming down from the chimney at any moment.
Original story in Detnews.com
Labels: Fannie Mae, foreclosures suspensions, Freddie Mac, mortgages modification
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