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Freddie Mac Announces Holiday Eviction Moratorium Between December 18, 2013 to January 3, 2014

freddiemac.mwnewsroom.com | December 13, 2013

MCLEAN, VA--(Marketwired - Dec 12, 2013) - Freddie Mac (OTCQB: FMCC) today announced a nationwide suspension of eviction lock-outs between December 18, 2013 and January 3, 2014. The moratorium applies to all foreclosed occupied single family homes and 2-4 unit properties that had Freddie Mac owned-or guaranteed mortgages.

News Quote:

Attribute to Chris Bowden, Senior Vice President of REO at Freddie Mac.

"At this time of year we want to bring some relief to families who confronted financial difficulties and went through foreclosure. We also want to remind homeowners going into the New Year facing financial challenges to reach out for help as soon as they can by calling their mortgage servicer."

News Facts:

  • The two-week holiday suspension will apply to eviction lockouts on Freddie Mac-owned REO homes but will not affect other pre- or post-foreclosure activities.
  • Although no evictions will take place, firms handling local evictions for Freddie Mac may continue to file documentation in preparation for evictions scheduled after the suspension ends in January 2014.

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. Today Freddie Mac is making home possible for one in four homebuyers and is one of the largest sources of financing for multifamily housing.

 

Back to December 2013 Archive

CFLA was founded by the Nation's Leading Foreclosure Defense Attorneys back in 2007 to serve the Foreclosure Defense Industry and fight pervasive Bank Fraud. Since opening our virtual doors, CFLA has rapidly expanded to become the premier online legal destination for small businesses and consumers. But as the company continues to grow, we're careful to hold true to our original vision. For us, putting the law within reach of millions of people is more than just a novel idea—it's the founding principle, just ask Andrew P. Lehman, J.D.. With convenient locations in Houston and Los Angeles, you can contact Our National Account Specialist and General Manager / Member Damion W. Emholtz at 888-758-2352 for a free Mortgage Fraud Analysis or to obtain samples of work product, including cutting edge Bloomberg Securitization Audits, Litigation Support, Quiet Title Packages, and for more information about our Nationally Accredited and U.S. Department of Education Approved "Mortgage Securitization Analyst Training Certification" Classes (3 days) 24 hours for approved CLE & MCLE Credit (Now Available Online).

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