Fannie Mae Announces Eviction Moratorium for the Holidays
December 10, 2015
WASHINGTON, DC – Fannie Mae (FNMA/OTC) 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 18, 2015 through January 3, 2016. During this period, legal and administrative proceedings for evictions may continue, but families will be allowed to remain in the home.
“As we have done in past years, we are suspending evictions during the holidays,” said Joy Cianci, Senior Vice President of Credit Portfolio Management for Fannie Mae. “We also continue to remind homeowners who may be struggling with their mortgages to reach out for help. Options are available to avoid foreclosure, and we want to help pursue those options whenever possible.”
Homeowners can visit www.knowyouroptions.com for resources on how to prevent foreclosure, including how to find out if Fannie Mae owns their loan. Homeowners can also contact Fannie Mae at 1-800-7FANNIE for more information.
Source: Fannie Mae