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 moratorium applies to all foreclosed residential properties of up to four units with mortgages owned or guaranteed by Fannie or Freddie.

Source: The Chicago Tribune

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
New sessions have been added to Connect Now Agenda on October 20th! Check out the power-packed lineup. SEE THE AGENDA×