President Barack Obama Message Board

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Politics : President Barack Obama

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To: Lizzie Tudor who wrote (45297)	11/20/2008 5:32:48 PM
From: tejek	Read Replies (1) of 149317

Fannie, Freddie to halt foreclosures over holidays By Wallace Witkowski Last update: 4:42 p.m. EST Nov. 20, 2008 SAN FRANCISCO (MarketWatch) -- Fannie Mae said late Thursday that they will temporarily suspend foreclosures on occupied homes while the companies work on a streamlined modification program expected out in December. Fannie and Freddie will not foreclose on occupied homes from Nov. 26 to Jan. 9. Fannie said it will reach out to 10,000 affected borrowers and Freddie will reach out to 6,000 affected borrowers.

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