Fannie, Freddie to halt foreclosures over holidays

SAN FRANCISCO (MarketWatch) — Fannie Mae and Freddie Mac said late Thursday that they will temporarily suspend foreclosures on occupied homes while the companies work on a streamlined modification program expected out in December. Fannie and Freddie will not foreclose on occupied homes from Nov. 26 to Jan. 9. Fannie said it will reach out to 10,000 affected borrowers and Freddie will reach out to 6,000 affected borrowers.
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Original post by Forextvblog

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