Industry NewsMortgage

Fannie, Freddie suspend holiday foreclosures

Streamlined loan mods launch Dec. 15
Published on Nov 20, 2008

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by CareyBot

Fannie Mae and Freddie Mac have ordered their loan servicers and attorneys not to evict about 16,000 troubled borrowers or sell their homes while they implements a streamlined loan modification program that could save some from foreclosure.

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