Volunteer legal work needed for pending evictions crisis, says ABA president
ABA Journal Daily News
ABA Journal Daily News
ABA Journal Daily News
ABA Journal Daily News
Both Freddie Mac and Fannie Mae have announced the suspension of eviction lockouts for single-family and two- to four-unit properties for the holiday season. The moratorium will begin December 17 and end January 2. Fannie Mae said it will allow legal and administrative proceeding for evictions to proceed during the 16-day period, but families will […]
The two government-sponsored mortgage giants announced Monday that their annual eviction moratorium will run from December 17 through January 2. While mortgage servicers and lenders may still engage in legal activities related to foreclosure, affected families won't be locked out of the homes. This step should bring “a greater measure of certainty,” Freddie said in […]
Fannie Mae and Freddie Mac will suspend the evictions of foreclosed single-family properties during the holiday season, according to the government-sponsored enterprises. The suspension of evictions will apply to single-family and two-to-four unit properties between Dec. 18 and Jan. 2 for both GSEs. Foreclosure News
The U.S. mortgage finance agency said it is working with loan servicers to ensure that no property inspection costs resulting directly from Harvey or Irma are passed on to borrowers who were impacted. “They may be able to put their mortgage payments on hold for up to one year if their mortgage is owned or […]
“Our thoughts are with the families in the path of this powerful and catastrophic storm,” says Carlos Perez, senior vice president and chief credit officer at Fannie Mae. “We continue to monitor the situation in the affected areas. Foreclosure News
Fannie Mae and Freddie Mac have imposed a moratorium suspending eviction lock-outs over the holiday, from December 19 to January 2 for Fannie properties and December 19 to January 3 for Freddie properties. The moratorium applies to single-family and two- to four-unit properties owned by Fannie and all foreclosed, occupied homes owned by Freddie. Foreclosure […]
Both of the moratoriums issued by the government-sponsored enterprises begin December 19. Fannie's moratorium ends January 2, while Freddie's will last through January 3. While evictions cannot occur during these time periods, other legal and administrative proceedings related to pre- or post-foreclosure activities may continue. “Our announcement today is to help provide families with a […]