Replies to post #370465 on Fannie Mae-No Politics (FNMA)

[Nikki24]

Going red, and right after this great news came over the wire...

Fannie Mae (OTC Bulletin Board: FNMA) announced today that it will suspend evictions of foreclosed single-family properties during the holiday season. The suspension of evictions will apply to single-family and 2-4 unit properties from December 19, 2016 through January 2, 2017. During this period, legal and administrative proceedings for evictions may continue, but families will be allowed to remain in the home.

"We believe it is important to extend the timeline of help for struggling borrowers during the holidays," said Joy Cianci, senior vice president of Single-family Special and Distressed Assets at Fannie Mae. "If you are in trouble or facing foreclosure, reach out to Fannie Mae or your servicer today to get help. Options are available to avoid foreclosure, and we want to help pursue those options whenever possible."