Fannie and Freddie put foreclosure evictions on hold for the holidays

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Mortgage giants Fannie Mae and Freddie Mac will temporarily suspend foreclosure-related evictions from Dec. 18 through Jan. 3, but the legal and administrative proceedings for evictions after that date will continue, the Chicago Tribune reported.

The two-week moratoriumĀ applies to all foreclosed residential properties of up to four units with mortgages owned or guaranteed by Fannie or Freddie.

Source: The Chicago Tribune

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