Foreclosures Suspended Until Jan 2, 2012

Washington, DC - Fannie Mae (FNMA/OTC) announced today that it will suspend evictions of forclosed single family and 2-4 unit properties from December 19th, 2011 throught January 2nd, 2012. During this period, legal and administrative proceedings for evictions may continue, but families living in foreclosed properties will be permitted to remain in the home.


"The holidays are meant for families to spend time together, especially if they've gone through the stress of financial challenges and foreclosure," said Terry Edwards, Executive Vice President of Credit Portfolio Management, Fannie Mae. "No family should have to give up their home during this holiday season. Fannie Mae is committed to helping borrowers avoid foreclosure whenever possible and we encourage any homeowner who is having difficulty making their payment to reach out for help."