Fannie Mae to Suspend All Foreclosures until January 2009

by on November 20, 2008 in Mortgages

Fannie Mae has just issued a press release letting it be known that they have ordered their loan servicers and attorneys to suspend any and all foreclosures scheduled from next week to the end of the year in homes that are owner occupied. This is being done while Fannie figures out how to implement a better loan modification program with all of its loan servicers.  This should help out with inventory numbers in early 2009.

2 Responses to “Fannie Mae to Suspend All Foreclosures until January 2009”

  1. Brook March 5, 2009 at 9:21 am #

    This is so amazing I think I

  2. Brook March 5, 2009 at 9:22 am #

    Hello to all :) I can

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