Fannie Mae Announces Eviction Moratorium for the Holidays

Fannie Mae Announces Eviction Moratorium for the Holidays

WASHINGTON, DC – Fannie Mae (FNMA/OTC) announced today that it will suspend evictions of foreclosed single family and 2-4 unit properties from December 19, 2012 through January 2, 2013.  Legal and administrative proceedings for evictions may continue, but families living in foreclosed properties will be allowed to remain in the home during this period.

“We’re taking this step in support of families who have faced financial challenges and gone through a foreclosure,” said Terry Edwards, Executive Vice President of Credit Portfolio Management, Fannie Mae. “The holidays are a chance to be with loved ones and we want to relieve some stress at this time of year.  We encourage homeowners having difficulty to reach out for help as soon as possible.”

Previously, Fannie Mae announced a temporary suspension of foreclosure sales and evictions in areas designated for individual assistance by FEMA due to Hurricane Sandy.  That 90-day suspension will last through February 1, 2013.

Homeowners can visit www.knowyouroptions.com for resources on how to prevent foreclosure, including contact information for Fannie Mae’s 12 Mortgage Help Centers located across the country.  Homeowners can also contact Fannie Mae at 1-800-7FANNIE for more information.

Fannie Mae is a leading provider of mortgage credit in the United States. We guarantee and purchase loans so that families can buy homes, refinance their existing mortgages, or access affordable rental housing. Fannie Mae is focused on assisting homeowners in distress, stabilizing neighborhoods, and encouraging sustainable lending. We are committed to improving our financial condition and our priorities are aligned with the public interest. Our work supports the housing recovery today and is helping to build a better housing finance system for the future.

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4closureFraud.org

Comments
4 Responses to “Fannie Mae Announces Eviction Moratorium for the Holidays”
  1. Anthony says:

    Banks do not lend anything!!! The borrower is the lender……the bank is the borrower! The note you sign becomes the money! The banks do not have one penny of their money in any loan! The banks lie on the contract! ITS TIME TO STAND UP TO THE BANKSTERS!!!! ALL BANK LOANS ARE DONE UNDER FRAUD!!! ALL!!!! CARS, HO– USES, CREDIT CARDS!!!

  2. Sarah says:

    It’s a PR effort, a bad one, an immoral one. This is the Banks, they are treating people inhumanely 365 days a year. It is crucial that we fight back, there is a war going on (in case no one has noticed) it continues to intensify against us.

  3. Marcie Jacobs says:

    Dear Friends,

    I just created the petition “Don’t Steal Our Home Freddie Mac” and wanted to ask if you could add your name too.

    This campaign means a lot to me and the more support we can get behind it, the better chance we have of succeeding. You can read more and sign the petition here:

    http://start2.occupyourhomes.org/petitions/don-t-steal-our-home-freddie-mac

    Thank you!

    Marcie

    P.S. Can you also take a moment to share the petition with others? It’s really easy – all you need to do is forward this email or share this link on Facebook or Twitter:

    http://start2.occupyourhomes.org/petitions/don-t-steal-our-home-freddie-mac

  4. SEE says:

    Awwwww they have a heart-not!!!!! The only reason they are doing this is because they don’t want to look bad and heartless-yeah right. They could care less. We all know what the agenda is. Does anyone believe a single word they have said?

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