Freddie Mac: No one will evicted over the holidays

Freddie Mac announced a nationwide suspension of eviction lock-outs between Dec. 17, 2018, and Jan. 2, 2019. The moratorium applies to all foreclosed, occupied homes owned by Freddie Mac.

The eviction moratorium is a yearly tradition, and Fannie Mae and FHA are expected to do the same thing. While the foreclosure process will continue to move forward behind the scenes, no families will be made homeless after Monday and before Wednesday, Jan. 2.

Over half of all U.S. homes with a mortgage are backed by either Freddie Mac or Fannie Mae.

"As we have done in past years, we are suspending evictions from Freddie Mac-owned homes to help provide families with a greater measure of certainty during the upcoming holiday season," says Yvette Gilmore, Freddie Mac vice president of single-family servicer performance management.

The holiday suspension applies to eviction lockouts on Freddie Mac real estate-owned homes but will not affect other pre- or post-foreclosure activities. Companies managing local evictions for Freddie Mac may continue to file documentation as needed during the suspension period.

Post a Comment