Freddie Mac Suspends Evictions During Holiday Season

If rolling 30 day lates have evolved into a Notice of Default and you are counting down the days until you are "served" with a request to vacate the premises, you can breath easy until after the New Year

Freddie Mac Suspends Evictions From December 20 to January 3, 2011

McLean, VA – Freddie Mac (OTC: FMCC) today announced it has ordered all evictions involving foreclosed occupied single family and 2-4 unit properties that had Freddie Mac mortgages to be suspended from December 20, 2010 to January 3, 2011.

"If the property is occupied, our foreclosure attorneys will suspend the eviction to provide a greater measure of certainty to families during the holidays," said Anthony Renzi, Executive Vice President of Single Family Portfolio Management at Freddie Mac.

Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Over the years, Freddie Mac has made home possible for one in six homebuyers and more than five million renters.

The GSEs did this last year during the holidays.....