Fannie and Freddie put foreclosure evictions on hold for the holidays

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