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.

This entry was posted on Thursday, November 20th, 2008 at 5:02 pm and is filed under Mortgages. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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

   This is so amazing I think I

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

   Hello to all I can

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