In what has become an annual tradition, the government-sponsored enterprises are suspending foreclosure evictions during the holiday season.
The Federal National Mortgage Association issued a statement Monday indicating it will suspend evictions from Dec. 19 through Jan. 2, 2017.
According to Fannie Mae, the moratorium applies to foreclosures on loans that are secured by single-family and two-to-four-unit properties.
Source: Mortgage Daily
