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Freddie Mac Halts Eviction Lock-Outs Between December 17, 2012 and January 2, 2013
By: PR Newswire
Dec. 3, 2012 10:08 AM
MCLEAN, Va., Dec. 3, 2012 /PRNewswire/ -- Freddie Mac (OTC: FMCC) today announced it is suspending evictions nationwide between December 17, 2012 and January 2, 2013 on foreclosed occupied single family homes, and 2-4 unit properties, that had Freddie Mac mortgages. This is in addition to the previous announcement suspending evictions in eligible major disaster areas caused by Hurricane Sandy.
Attribute to Tracy Mooney, Senior Vice President of Servicing and REO at Freddie Mac.
"We are instructing our foreclosure attorneys to suspend pending eviction lockouts on foreclosed homes in order to provide a greater measure of certainty to families during the holiday season."
Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Today Freddie Mac is making home possible for one in four homebuyers and is one of the largest sources of financing for multifamily housing. www.FreddieMac.com.
SOURCE Freddie Mac
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